The micro data center market is anticipated to amass noteworthy revenue growth on account of proliferating demand for portable and compact data storage and management infrastructure. Organizations are looking for reliable data storage solutions that offer efficient management and data security.
Digitalization has apparently led to the generation of large volumes of data. Increasing adoption of digital technologies across multiple industry verticals could positively impact the micro data center business growth. Considering these aspects, the micro data center market could touch USD 15 billion by the year 2026.
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Scalability, speed of deployment, and reliability are some of the properties rendered by micro data centers. Robust adoption of the data centers to support computer applications like Content Distribution Networks (CDN), IoT, and AI to limit the telecommunication latency as well as bandwidth cost will enhance the industry forecast.
This is owing to the construction of the data center components within the reach of the points of utilization that helps in minimizing the latency along with the costs incurred to manage cloud or other remote data centers. However, the optimum functioning of the data centers pushes an incessant demand for highly integrated racks and enclosures, efficient cooling equipment, and power supply.
DCIM software solutions market is likely to witness significant growth as they provide monitoring, measuring, and management of the data center components. These include IT equipment as well as cooling and power infrastructures across businesses. Software aids data center managers to reach maximum energy efficiency besides restricting system downtime.
It regulates the monitoring and automation of power, environmental control, and security while ensuring effective data center operations. DCIM also offers user-configurable alarm thresholds on heat, ventilation, and air conditioning devices. Another prominent driver for the industry is the planning and execution of the software that permits changes and deployment of new equipment to enhance the efficiency and tracking of assets by the data center owners.
Colocation micro data centers offer lower costs for the overall IT infrastructure and curtail off the additional expenses related to cooling and power devices. The rising popularity of colocation services will add impetus to market value considering the high development charges of new data centers, that prevent small and medium enterprises from constructing their own data centers.
Higher adoption for convenience and efficient infrastructure will stimulate the micro data center development by colocation service providers.
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On the regional landscape, the Middle East and Africa are emerging as a credible growth source for micro data center companies. Rapid expansion activities in the industrial sector supported by increasing trend of digitalization could prove beneficial for the regional business outlook. Initiatives like Abu Dhabi Economic Vision 2030 and UAE Vision 2021, which are focused on establishing a globally integrated business environment and building modern economies, could massively support the adoption of micro data centers.
Major Key Points from Table of Content:
Chapter 6 Micro Data Center Market, By Application
6.1 Key trends
6.2.1 Micro data center market estimates and forecast, 2016 – 2026
6.3.1 Micro data center market estimates and forecast, 2016 – 2026
6.4.1 Micro data center market estimates and forecast, 2016 – 2026
6.5.1 Market estimates and forecast, 2016 – 2026
6.6.1 Market estimates and forecast, 2016 – 2026
6.7.1 Market estimates and forecast, 2016 – 2026
6.8 IT & Telecom
6.8.1 Market estimates and forecast, 2016 – 2026
6.9.1 Market estimates and forecast, 2016 – 2026
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