Micro Data Center Market Size, Share, Growth Analysis, By Type(Up to 24U, 24U to 40U, and Above 40U), By Component(Solution & Services), By End - User(BFSI, IT & telecommunication, Colocation, Energy), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2149 | Region: Global | Published Date: March, 2024
Pages: 197 |Tables: 93 |Figures: 66

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Micro Data Center Market size was valued at USD 3.52 billion in 2022 and is poised to grow from USD 4.13 billion in 2023 to USD 14.80 billion by 2031, growing at a CAGR of 17.3% in the forecast period (2024-2031).

The micro data center market is highly competitive and characterized by the presence of several prominent players striving to gain a competitive edge. These companies are continuously focusing on technological advancements and innovation to cater to the evolving needs of businesses across various industries. 'Schneider Electric SE (France)', 'Hewlett Packard Enterprise (USA)', 'Dell Technologies Inc. (USA)', 'Eaton Corporation PLC (Ireland)', 'Vertiv Group Corp. (USA)', 'IBM Corporation (USA)', 'Panduit Corporation (USA)', 'Rittal GmbH & Co. KG (Germany)', 'Hitachi, Ltd. (Japan)', 'Canovate Group (Turkey)'

Micro data centers offer the advantage of quick deployment and mobility, making them suitable for temporary or remote locations, disaster recovery scenarios, and edge computing applications

Edge Computing Adoption: The growing adoption of edge computing solutions to process data closer to the source and reduce latency is driving the demand for micro data centers. Edge computing enables real-time data analysis and faster response times, making micro data centers an ideal choice for supporting edge computing deployments.

North America is poised to assert its dominance in the market, driven by the increasing digitization and adoption of innovative technologies in the retail industry. Retailers are leveraging big data powered by machine learning to enhance customer experience and optimize manufacturing and logistics operations. Major players in the U.S. are contributing to significant developments in micro data centers, positively impacting market growth. For instance, Vertiv Group Corporation announced the launch of a single-phase UPS integrated with lithium-ion batteries in the North American market, aimed at boosting runtime and reducing maintenance for micro edge data centers.

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Micro Data Center Market Size, Share, Growth Analysis, By Type(Up to 24U, 24U to 40U, and Above 40U), By Component(Solution & Services), By End - User(BFSI, IT & telecommunication, Colocation, Energy), By Region - Industry Forecast 2024-2031

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