|Status : Upcoming||Report Code : VRICT5120||Industry : ICT & Media||Available Format :|
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 centers enable them to promote just-in-time deployment that further paves the way for the growth of the microdata center market across the globe.
Insight by Rack Size
There are three types of rack size in the micro data center market that includes 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 center 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 centers. It has been observed that large enterprises comprise the data center with rack sizes above 50RU since they require storing a large amount of data and in a secure manner.
Insight by End User
On the basis of end-user, the microdata center market is categorized into healthcare, IT and telecom, energy, retail, BFSI, and others. Among all these end users, demand for micro data centers in 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 center 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, retailer require a large number of surveillance camera that develops more data that requires more data to be processed and stored.
Traditional facilities for simplified workload, physical specifications, cost-effectiveness, and self-containment are the key factors driving the growth of the micro data center market, globally. It has been observed that the change in the needs of the data center depends upon the size of the enterprise since large numbers of enterprises are adopting micro data centers because of the traditional facilities provided. Moreover, micro data center helps them to store data even in remote locations and simplifies the workload that cannot be handled by traditional facilities.
The demand for micro data centers 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 centers 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 center solutions designed to provide computing, storage, and networking capabilities in a smaller footprint. Micro data centers 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 center provided with physical specifications is portable and occupies very less 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 center 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 center market during the forecast period.
Unawareness of the technology of the micro data centers and uncertainty to change from the traditional facilities are the major challenges faced by the micro data center industry players, globally. Due to fewer acknowledgments and unawareness pertaining to the benefits of micro data centers makes the improvisation in micro data center system unattainable.
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.
Geographically, North America dominates the micro data center 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 for 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 I.T 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 center market in this region.
Key players in the microdata center 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 are depending upon new technology to develop cost efficiencies, thus increasing the rivalry in the market and helping them in attaining a competitive advantage. The key players in the micro data center market, globally include Advanced Facilities, Inc., Huawei Technologies Co. Ltd., Allied Electronics Corporation Limited, Hewlett Packard Enterprise (HPE) Development LP, Cannon Technologies Ltd., Eaton Corporation Plc, Delta Power Solutions, Hanley Energy, Chillmann, LLC., Hitachi, Ltd., Canovate Group, and Dataracks, Dell Inc.