Micro Data Center Market: Savvy Players Strive to Enhance Service Capabilities to Expand Customer Base, Notes TMR
Albany, NY -- (SBWire) -- 07/02/2018 --The global micro data center market is gaining from the changing data center needs of enterprises. A large number of enterprises are increasingly adopting micro data centers to store critical data either on premise or in remote locations. Micro data centers exhibit virtues of simplified workload that traditional data centers lack. As a result, enterprises are switching from local facilities to automated micro data centers for information storage.
Some other features of micro data centers include scalability, customizability, cost effectiveness, and are self-contained. In addition, micro data centers are portable and occupy very less space as compared to traditional data centers.
A report by Transparency Market Research (TMR) estimates the global micro data center market to rise at an impressive 21.1% CAGR over the forecast period between 2017 and 2025. At this pace, the market will be valued at US$14,813.2 mn by the end of 2025 from US$3,208.9 mn in 2016.
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Less than 25 U Segment to Emerge Significant
The global micro data center market is broadly categorized on the basis of rack size, end use industry, and geography. On the basis of rack size, the market has been bifurcated into less than 25 U, 25 U – 40 U, and more than 40 U. Among them, the more than 40 U segment holds the leading market share; the segment accounted for 54.0% revenue contribution to the overall market in 2016. However, less than 25 U segment is anticipated to display the leading CAGR over the forecast period.
Based on end-use industry, the global micro data center market is segmented into IT and telecom, retail, education, BFSI, healthcare, energy, and others. Of them, in 2016, IT and telecom held the leading revenue share in the overall market. However, the retail segment is predicted to display the leading CAGR over the forecast period.
Emergence of Several Regional Service Providers Makes Europe a Key Market
On the basis of region, the segments into which the global micro data center market is divided are North America, Asia Pacific, Europe, the Middle East and Africa, and South America. North America, among all, is currently the leading regional market for micro data center. In 2016, North America held 43.2% revenue of the overall micro data center market.
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Going forward, North America is estimated to display an impressive 18.6% CAGR over the forecast period. The growth in the region is mainly because of significant demand for micro data centers from IT and Telecom verticals in the U.S. and Canada. The retail sector also accounts for significant revenue contribution to North America micro data center market.
Europe is currently the second leading market for micro data centers. The growth in the region is mainly because of increasing demand for IT convergence and integration among enterprises from a host of industry verticals. Due to the rising demand, a number of regional players have emerged in the region to provide cost effective micro data center solutions to end users. In Europe, the U.K. is anticipated to emerge as the leading domestic market in 2017.
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Leading players in the global micro data center market include Eaton Corporation plc, Hitachi Ltd., Panduit Corp., Zellabox Dataracks, Hewlett Packard Enterprise Development LP, Instant Data Centers, Huawei Technologies Co. Ltd., Rittal GmbH & Co. KG, and Schneider Electric SE.
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