Global Micro Data Center Market exploring future growth and trends by 2026

Global Micro Data Center Market exploring future growth and trends by 2026

The micro data center market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

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.

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The advent of new-age computing technologies has advocated the construction of new data centers. Generally, the distance between a data center and an end-user can affect the delivery of digital services with high bandwidth costs. Micro data centers solve this issue by enabling the effective deployment of edge computing.

Proliferating demand for superior data centers from computer-intensive end-users specializing in IoT and AI could massively benefit industry outlook over the forecast timeframe. This could also fuel the demand for highly integrated enclosures & racks as well as efficient cooling and power equipment.

In terms of application, the micro data center market is bifurcated into colocation, BFSI, government, energy, industrial, healthcare and IT & telecom. Out of these, the colocation services segment is expected to record immense traction over the forecasted timeframe. Building a new data center can be expensive, especially for small and medium-sized businesses that have budget constraints. As a result, colocation services provide a cheap alternative for businesses to store their vital data.

Colocation services minimize the additional expenses incurred for power and cooling equipment, and the overall cost on IT infrastructure. Various colocation providers are integrating micro data centers in their portfolio to broaden their market reach and consumer base. Taking August 2020 for instance, EdgeMicro released five new micro data centers in the United States as spending on edge technology from cloud vendors such as Google, Microsoft and AWS skyrocketed. The company will construct these centers in Indianapolis, Cleveland, Houston, Pittsburgh and Memphis.

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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.

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