Advent of information technology has transformed the way businesses work in different parts of the world. Business operations are becoming more and more complex, which calls for a strong tool for innovative technology to manage this complexity. Growing pressure on single points of contact for datacenter physical infrastructure management is also behind the rising demand for these services and solutions. Realization of high demand for property, power sources, environmental impact and complexity of the IT infrastructure are some of the strongest driver for the exponential growth in the micro data centers market. According to the experts, the industry will maintain its current fast paced growth rate for the coming future. Businesses on the other hand are considering this as a great sign for progress.
Overview of Micro Data Center Market
Containerized and modular datacenters surely proved to be a revolution for the industry. However, micro data centers provided the solutions to completely eliminate the physical buildings. Micro datacenters are practical, agile, responsive and highly functional, which comes across as a great help for the organizations that are on the looked for virtual and physical data security. These centers offer convenient solutions to compute density, capacity planning, high energy efficiency and system utilization. All these features are increasing value of the micro data centers across different industrial verticals. Increasing awareness about these products is also working for the progress of micro data center market, which is currently in its nascent stage.
The industry is basically segmented on the basis of the types of rack size, applications of mobile data centers, size of the organizations, types of business verticals and demand across different geographic regions. Following are the details:
- Rack Size: 51-100 RU, 26-50 RU and 5-25 RU
- Applications: Disaster recovery, instant data center and retrofit, remote office support, high density networks and other applications
- Organizations: Small and medium businesses (SMBs) and large organizations
- Verticals: BFSI, military and defense, oil and gas, telecom and IT and other businesses
- Geography: Europe, North America, Asia pacific, Latin America and Middle East and Africa
Detailed analysis of all the aforementioned segments gives a comprehensive outlook about the vital issues like market trends, drivers, restrains, competitors, challenges and business opportunities. According to the latest market research reports, micro data centers market is expected to grow at an exponential rate. For the forecasting period of next five years, from 2013 to 2018, the industry is expected to maintain an impressive CAGR of over 53%. At this rate, the market is expected to become worth $21.03 billion in 2018. In 2013, the industry was worth $2.5 billion. North America is the first mover in the market, which will be followed by developing regions like Asia Pacific and Middle East.