Micro Data Center Market

Micro Data Center Market Insight

A micro data center is a secure, self-contained device that contains the rack, UPS, power, and cooling to support the capability for all essential IT components along with management and monitoring software devices. Micro data centers allow organizations to minimize capital outlay, reduce footprint, energy consumption, and increase speed of deployment. Micro facilities offer several advantages, such as mobility, cost-effectiveness, power efficiency, and enhanced networking & connectivity, thus encouraging businesses to implement micro data solutions at edge locations. Moreover, rapid deployment of these micro data center or containerized (modular) facilities allows organizations to scale up their business processes during high computing requirements. The traditional IT facilities require over a month to be deployed at the network locations, while the micro data center facilities require around a week to be installed at the needed locations. Such factors are encouraging the growth of micro data center market

Impact of COVID-19 on Micro Data Center Market:

• The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global companies, especially in the area of drones for the purpose of surveillance and medicine delivery, IT industry. 
• The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation. 
• The coronavirus pandemic may drive enhancement of automation, digitalization, and artificial intelligence (AI) in the automobile sector in post COVID era to improve resilience to future pandemics. 
• In a situation like this, automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI, and digitalization will become extremely relevant going forward and are going to define the new way of working. This lockdown provides us an opportunity to adopt these new trends, thus increasing the opportunities for the micro data center market in the upcoming years. 

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The trend of edge computing and rise in need for real-time data access in remote locations are the major factors driving the growth of micro data center market. Moreover, the rise in the demand for cost-effective, scalable, and customizable IT solutions from small & medium enterprises is driving the micro data center market. Proliferation of cloud services in end users is key driver to the micro data center market growth. Rise in the emergence of 5G technologies and installation of self-contained & modular facilities by telecom operators is a major factor driving the micro data center market. However, lack of awareness is hindering the micro data center market growth. Portability & Modularity of micro data center and their flexible design allow for in time deployment over traditional IT facilities, which is an opportunistic factor for the micro data center market. Increasing technological advancements and innovations for developing cost-effective & energy-efficient data center solutions are predicted to drive the micro data center market growth in the forecasted years.

Increasing adoption of micro data center by organizations

The organizations are dependent on modular solutions that can be easily located at the edge of the network to reduce the latency level, improving the network connectivity for data transferring & processing of data. Micro facilities offer several benefits, such as mobility, cost-effectiveness, power efficiency, and enhanced networking & connectivity, encouraging organizations to implement micro data center solutions at edge locations. Moreover, the rapid deployment of micro data center facilities allows organizations to scale up their business processes during high computing requirements thus, increasing the demand for micro data center market.

Increasing demand of micro data center in telecom industry

Telecommunication companies require scalable and low latency solutions to improve network connectivity in customers. The surge in use of 5G technologies, the operators are highly concerned toward the internet bandwidth quality and networking connectivity. Telecom operators heavily investing to improve network infrastructure which is compatible with 5G connectivity. The adoption of cutting edge computing solutions allow business to provide network connectivity close to the users with lesser latency issues, driving the demand for micro data center market in the forecasted years. 

Key benefits of the report:

• This study presents the analytical depiction of the global micro data center industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global micro data center market share.
• The current market is quantitatively analyzed to highlight the global micro data center market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global micro data center market analysis depending on competitive intensity and how the competition will take shape in coming years.

 Micro Data Center Market Report Highlights