Worldwide micro data center market is projected to cross US $14.5 billion by the year 2025, according to the latest research available at Market Study Report LLC, report provides complete overview of micro data center Market considering all the major Industry trends, market dynamics and competitive scenario.
The surging adoption of IOT and cloud computing is driving the enterprises to incorporate micro data centers for better operational efficiency. IOT is presumed to generate massive data from many distributed sources while the cloud computing will multiply the IT traffic four times over the next three years. These factors are encouraging businesses to aggregate data using multiple distributed micro data centers fueling the market growth.
The increasing demand for operation in remote areas, and standardized infrastructure is boosting product adoption. Micro data centers provide portability, flexibility, and modularity which make them ideal for easy deployment and efficient operations in remote areas. Development of advanced effective solutions for quick & secure deployment of data center is the main concern of the key players, cites the report. STULZ GMBH launched a cost-effective solution called Micro DC for swift expansion of local IT capacity, having features like fire suppression, critical power monitoring, precision cooling, and physical security.
Growing awareness regarding energy conservation among the businesses will encourage the adoption energy-efficient data center solutions, in turn driving the market growth. Companies are installing portable IT solutions which can operate in adverse eco-systems having space constraints while reducing the power consumption.
According to the report, Inveneo Inc, partnered with Arm Limited in March 2015 to encourage organizations to deploy solutions for solar-powered micro-data centers across the developing nations. Moreover, Scale Computing announced partnership with American Power Consumption Corporation in 2018 to deliver energy-efficient micro facilities in a box solution with features such as optimized operations, pre-tested, and quick deployment.
Based on the application apectrum, IT & telecom industry is anticipated to offer major growth opportunities for the micro data center market over the forecast period owing to increasing implementation of micro centers to meet the growing demands of data processing and data storage. Leading companies like American Tower Communication and H5 Data Centers are seeking collaborations with companies like Colo Atl and Taylor Telecom, as well as data center providers, to expand network infrastructure and offer global IT facilities, as cited in the report.
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In terms of regional contribution, North America micro data center market is presumed to witness significant growth by 2025 owing to the increase in colocation facilities, adoption of cloud services, and the high need of IT data centers across large and medium enterprises. As businesses and consumers are generating large amount of data, the need for data storage is increasing exponentially encouraging the installation of micro data centers.
Additionally, the companies are focusing on decreasing operational costs along with enhancing performance and improving deployment speed by incorporating colocation services. For instance, EdgeMicro has recently declared that it would be deploying micro data centers across 30 cities in North America. On the other hand, Equinix Inc. provides colocation services to 9800 companies across the U.S. through 200 data centers.
The major enterprises operating in micro data center market includes Hewlett-Packard Enterprise Company, Attom Technology, Canovate Group, Advanced Facilities, Inc., Dataracks, Dell Inc., Eaton Corporation plc, Delta Power Solutions, and Huawei Technologies Co., Ltd.