Micro Data Center Market

Industry Overview

A Micro Data Center comprises of small and modular data center design that is used for eradicating different types of problems such as computing workload and does not require a traditional workload for the completion of a task. It has been observed that the traditional server rooms are expensive and inefficient for the conservation of energy. Additionally, microdata centers are considered to be a cost-effective alternative and are economical which contributes to the rampant growth of the microdata center market globally. Moreover, the compatibility, flexibility, and portability of microdata centres enable them to promote just-in-time deployment that further paves the way for the growth of the microdata centre market across the globe.

Market Segmentation

Rack Size Insights

There are three types of rack size in the micro data centre market that include less than 25RU, 25RU – 50RU, and more than 50RU. Among these segments, more than 50 RU rack size segment occupies the largest share in the microdata centre market since a large number of energy power savings helps the enterprises to significantly reduce the cost that is unattainable with the inclusion of traditional data centres. It has been observed that large enterprises comprise the data centre with rack sizes above 50RU since they require storing a large amount of data securely.

End User Insights

Based on end-users, the microdata centre market is categorized into healthcare, IT and telecom, energy, retail, BFSI, and others. Among all these end users, demand for micro data centres in the retail industry is anticipated to witness the fastest growth during the forecast period. The growth of this segment is attributed to the increasing adoption of big data analytics in retail stores. Moreover, micro data centre solutions offer retailers a compressed server room that can be altered and expanded as per the requirement of the retailer.

Furthermore, it has been observed that retail outlets require huge security, and as a result, retailers require a large number of surveillance camera that develops more data that requires more data to be processed and stored.

Global Micro Data Center Market Report Coverage

Industry Dynamics

Market Growth Drivers

Traditional facilities for simplified workload, physical specifications, cost-effectiveness, and self-containment are the key factors driving the growth of the micro data centre market, globally. It has been observed that the change in the needs of the data centre depends upon the size of the enterprise since large numbers of enterprises are adopting micro data centres because of the traditional facilities provided. Moreover, micro data centre helps them to store data even in remote locations and simplify the workload that cannot be handled by traditional facilities.

The demand for micro data centres has been driven by several factors. First, the rapid growth of data-intensive applications and the increasing reliance on real-time data processing have led to the need for distributed computing infrastructure closer to the edge of the network. Micro data centres enable organizations to process and analyze data locally, reducing latency and improving overall system performance.

The Micro Data Center Market refers to the market for compact and self-contained data centre solutions designed to provide computing, storage, and networking capabilities in a smaller footprint. Micro data centres are typically prefabricated, modular units that can be deployed in various environments, including office spaces, manufacturing facilities, retail stores, and remote locations.

Furthermore, the micro data centre provided with physical specifications is portable and occupies very little space. They are equipped with in-built cooling systems, security systems, telecommunication and data storage systems just like the traditional facilities. Furthermore, the micro data centre also includes incorporated remote management for temperature, humidity, and security. This further helps it to make a more effective and energy-efficient alternative with self-containment for the users. This is the reason for the fueled growth in the micro data centre market during the forecast period.

Market Challenges

Unawareness of the technology of the micro data centres and uncertainty to change from the traditional facilities are the major challenges faced by the micro data centre industry players, globally. Due to fewer acknowledgements and unawareness about the benefits of micro data centres the improvisation in micro data centre systems is unattainable. 

Recent Developments By the Key Players

Lightbridge Corporation which is an advanced nuclear fuel technology company has signed a memorandum of understanding with Oklo Inc. (an advanced nuclear power and fuel recycling company) to conduct a feasibility study for co-locating a lightbridge commercial-scale fuel fabrication facility and to explore opportunities for collaboration in recycling nuclear waste.

Deloitte collaborated with the newly revealed NVIDIA AI Computing by Hewlett Packard Enterprise (HPE) solution portfoli brings together Deloitte’s deep industry knowledge, AI and technology capabilities.

Industry Ecosystem

Globally industry players are leveraging market growth through the development of innovative solutions in the global micro data center market. The vendors for micro data centers are providing various solutions to users such as advanced technology for better and quick data processes. Furthermore, the research and development process is being done by key players to improve its security and make it more efficient and accessible.

Geographic Overview

Geographically, North America dominates the micro data centre market due to earlier advancements in technology in this domain. The increasing adoption of the I.T. sector in the region further plays a vital role in its increased adoption of the technology in the region.

Furthermore, Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the newly developed IT sector in China and India. Moreover, increasing demand for IT convergence and integration among enterprises to ensure cost-effectiveness is further strengthening the growth of the micro data centre market in this region.

Competitive Insight

Key Players in the microdata centre market are investing in the development of the latest technologies that are strengthening their position in the market. Furthermore, it has been observed that local players depend upon new technology to develop cost efficiencies, thus increasing the rivalry in the market and helping them attain a competitive advantage. The key players in the micro data centre market are :