The micro data center market size is expected to reach US$ 10,253.85 million by 2030 from US$ 3,650.00 million in 2022, with an estimated CAGR of 13.8% from 2022 to 2030.
A micro data center is a miniaturized modular data center that includes all the computer, networking, storage, cooling, power, and other infrastructure required for a given workload. Micro data centers comprise various components, including computing infrastructure (servers, storage, and networking), power and cooling systems, security mechanisms, and management software. They are available in form factors such as prefabricated modular units, rack-based systems, and containerized data centers. Micro data centers offer flexibility, scalability, and easy deployment, making them suitable for various industrial applications and end users. In past few years, rising adoption of Internet of Things (IoT), content delivery, and 5G have created a surge in demand for low-latency access to data processing and storage. IoT, big data, machine learning (ML), and artificial intelligence (AI) are a few technologies that generate huge volumes of data, require low latency processing, and demand localized computing resources. Data generated by IoT devices must be processed, stored, and analyzed in real time. IoT devices are widely used for connecting various physical objects and enabling data collection and communication. Micro data centers positioned at the edge of the network can provide local computing power, storage, and analytics capabilities, which reduce the latency and bandwidth requirements of transmitting data to a centralized data center. Micro data centers enable real-time decision-making and facilitate IoT deployments across the manufacturing, healthcare, transportation, and smart city industries. Hence, the adoption of micro data centers is rising, leading to a rise in the launch of advanced micro data center offerings.
Based on organization size, the micro data center market is segmented into large enterprises and SMEs. The large enterprises segment held the largest micro data center market share in 2022, but the SMEs segment is also anticipated to register the highest CAGR in the micro data center market during the forecast period. Larger enterprises are organizations with a strength of more than 1,000 employees. Large enterprises are expanding their IT infrastructure which generates a greater volume of digitized data. Enterprises require storage and computing services to manage and maintain the efficiency of data. In addition, large enterprises can rent a large area for their data storage and management. Renting spaces helps them focus on other business goals. Therefore, the demand for micro data centers is rising from large enterprises. HIRO Micro Data Centers and Schneider Electric are the key market players in the micro data center market. SMEs are organizations with a strength of 50-1,000 employees. There is a growing need for data management at a lower cost among small and medium-sized enterprises (SMEs) to stay competitive. SMEs play a vital role in economies; they are conscious of the cost and avoid investing in high-cost solutions, services, and advanced technology. SMEs are focused on simplifying volumes of operations and reducing operational costs, which is fueling the demand for micro data centers. Moreover, micro data centers are designed to be modular and scalable, allowing organizations to easily add or remove computing resources based on their needs. Further, due to the rising need for high-volume data management with growing digitization, the popularity of microdata solutions is increasing among SMEs. SMEs prefer micro data centers for IT management, which is a cost-efficient solution, and avoid investing in setting up IT infrastructure.
The micro data center market is segmented on the basis of rack type, organization size, end user, and geography. Based on rack type, the micro data center market is bifurcated into single rack and multi rack. Based on organization size, the micro data center market is segmented into large enterprises and SMEs. On the basis of end user, the micro data center market is segmented into IT & telecom, BFSI, retail, healthcare, manufacturing, and others. By region, the micro data center market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Eaton Group, Hewlett Packard Enterprise Development LP, Hitachi Ltd, Rittal GmbH and Co KG, Legrand SA, Zella DC, Huawei Technologies Co Ltd, Schneider Electric, Delta Power Solutions, and Vertiv Group Corp are among the key micro data center market players operating in the market. Several other leading micro data center market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed micro data center market insights, which help the key players strategize their market growth.
The overall micro data center market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the micro data center market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the micro data center market.
Reasons to Buy
A micro data center is a miniaturized modular data center that includes all the computer, networking, storage, cooling, power, and other infrastructure required for a given workload. Micro data centers comprise various components, including computing infrastructure (servers, storage, and networking), power and cooling systems, security mechanisms, and management software. They are available in form factors such as prefabricated modular units, rack-based systems, and containerized data centers. Micro data centers offer flexibility, scalability, and easy deployment, making them suitable for various industrial applications and end users. In past few years, rising adoption of Internet of Things (IoT), content delivery, and 5G have created a surge in demand for low-latency access to data processing and storage. IoT, big data, machine learning (ML), and artificial intelligence (AI) are a few technologies that generate huge volumes of data, require low latency processing, and demand localized computing resources. Data generated by IoT devices must be processed, stored, and analyzed in real time. IoT devices are widely used for connecting various physical objects and enabling data collection and communication. Micro data centers positioned at the edge of the network can provide local computing power, storage, and analytics capabilities, which reduce the latency and bandwidth requirements of transmitting data to a centralized data center. Micro data centers enable real-time decision-making and facilitate IoT deployments across the manufacturing, healthcare, transportation, and smart city industries. Hence, the adoption of micro data centers is rising, leading to a rise in the launch of advanced micro data center offerings.
Based on organization size, the micro data center market is segmented into large enterprises and SMEs. The large enterprises segment held the largest micro data center market share in 2022, but the SMEs segment is also anticipated to register the highest CAGR in the micro data center market during the forecast period. Larger enterprises are organizations with a strength of more than 1,000 employees. Large enterprises are expanding their IT infrastructure which generates a greater volume of digitized data. Enterprises require storage and computing services to manage and maintain the efficiency of data. In addition, large enterprises can rent a large area for their data storage and management. Renting spaces helps them focus on other business goals. Therefore, the demand for micro data centers is rising from large enterprises. HIRO Micro Data Centers and Schneider Electric are the key market players in the micro data center market. SMEs are organizations with a strength of 50-1,000 employees. There is a growing need for data management at a lower cost among small and medium-sized enterprises (SMEs) to stay competitive. SMEs play a vital role in economies; they are conscious of the cost and avoid investing in high-cost solutions, services, and advanced technology. SMEs are focused on simplifying volumes of operations and reducing operational costs, which is fueling the demand for micro data centers. Moreover, micro data centers are designed to be modular and scalable, allowing organizations to easily add or remove computing resources based on their needs. Further, due to the rising need for high-volume data management with growing digitization, the popularity of microdata solutions is increasing among SMEs. SMEs prefer micro data centers for IT management, which is a cost-efficient solution, and avoid investing in setting up IT infrastructure.
The micro data center market is segmented on the basis of rack type, organization size, end user, and geography. Based on rack type, the micro data center market is bifurcated into single rack and multi rack. Based on organization size, the micro data center market is segmented into large enterprises and SMEs. On the basis of end user, the micro data center market is segmented into IT & telecom, BFSI, retail, healthcare, manufacturing, and others. By region, the micro data center market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Eaton Group, Hewlett Packard Enterprise Development LP, Hitachi Ltd, Rittal GmbH and Co KG, Legrand SA, Zella DC, Huawei Technologies Co Ltd, Schneider Electric, Delta Power Solutions, and Vertiv Group Corp are among the key micro data center market players operating in the market. Several other leading micro data center market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed micro data center market insights, which help the key players strategize their market growth.
The overall micro data center market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the micro data center market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the micro data center market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the micro data center market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the micro data center market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Micro Data Center Market Landscape
5. Micro Data Center Market - Key Industry Dynamics
6. Micro Data Center Market - Global Market Analysis
7. Micro Data Center Market Analysis - Rack Type
8. Micro Data Center Market Analysis - Organization Size
9. Micro Data Center Market Analysis - End User
10. Micro Data Center Market - Geographical Analysis
11. Micro Data Center Market - Impact of COVID-19 Pandemic
12. Competitive Landscape
13. Industry Landscape
14. COMPANY PROFILES
15. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Eaton Group
- Hewlett Packard Enterprise Development LP
- Hitachi Ltd
- Rittal GmbH and Co KG
- Legrand SA
- Zella DC
- Huawei Technologies Co Ltd
- Schneider Electric
- Delta Power Solutions
- Vertiv Group Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 206 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.65 Billion |
| Forecasted Market Value ( USD | $ 10.25 Billion |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | Global |
