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Data Center Trends and Market Overview

Data Center Trends and Market Overview

The latest study on the Containerized Data Center Market shows the best primary and secondary research techniques to bring the growth rate up to 2024. The report covers growth prospect, current information, market risks involved, cost structure & several other vital information is included in the Containerized Data Center industry report.

Market Overview:

  • The global containerized data center market was valued at USD 5.99 billion in 2018 and is expected to reach a value of USD 23.38 billion by 2024 at a CAGR of 25.49%, during the forecast period (2019 – 2024). With the growing adoption of the cloud and increasing data generation, the demand for data centers has spiked drastically over the past few years. These data centers are fabricated in a manufacturing facility and shipped to the end user in the container. Most of the components in this type of data center are preinstalled, and offer limited flexibility, in terms of replacement and upgrading components.

The speed of deployment for new data centers will give an edge for enterprises and data center operators. Containerized solutions can reduce the time that it takes to bring a functional data center online to weeks. The need for rapid infrastructure deployment in highly dense configurations, with a focus on power and cooling efficiency, is predominant in the high scale data center market segments. Since these data centers are containerized, they are in small sizes and can be moved from one place to another. As a result of this, they have limited computing efficiency.

Key Market Trends:

Growing Demand for Mobility and Scalability Solutions is Driving the Market Growth

-For more than 40% of organizations, scalability was one of the top challenges. Scalability provides the users with the building blocks to add capacity to their systems, in timely intervals and allowing them to pay as they grew.  This capacity-on-demand approach allows organizations to meet the ever changing demands quickly.I t also helps manage capital expenditure costs and maintain higher operating abilities. This enables organizations to adopt new technologies with a forecast of very few months in advance, instead of years of planning.

-Building a data center environment doesn’t just depend on the scaling ability. Better results will be obtained when the data center is agile and scalable. Many new companies deploying data center strategies are starting with these systems to experiment and explore the potential.

-As the use of data centers in organizations is increasing significantly, easy scalability provided by adding additional blocks and easy plugin capabilities are supporting the market growth. The markets, such as Brazil and India, that are experiencing high growth and penetration, are looking for scalable solutions.

Industry Research is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research.


Categories: Blog, Data Centers