The Modular Data Center Industry: Understanding the Market and Its Potential 2032

The global modular data center market size was USD 23.00 Billion in 2022 and is expected to register a revenue CAGR of 18.8% during the forecast period. Growing adoption of cloud-based solutions by Small and Medium-sized Enterprises (SMEs) to favor growth, rising need for scalable data centers from industries across all domains, and increasing advantages in disaster recovery capabilities are some of the major factors driving the market revenue growth.

Recent years have seen rapid developments in the information and communication technology sector, with the industry projected to grow substantially in revenue over the next five years. ICT industry technology advancements, increasing adoption of advanced and latest devices, an increasing number of consumers using these devices, and high internet penetration worldwide are expected to drive global market revenue growth throughout the forecast period. The global market is expected to grow as a result of factors such as a growing risk of data leakage, an increasing use of advanced technologies like artificial intelligence (AI), the Internet of Things, and cloud services to manage large amounts of data, as well as a growing investment in research and development activities for developing advanced devices and solutions.

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