The Micro Data Centers (MDC) market was worth USD 7342.38 million in 2022 and is expected to grow at a CAGR of 25.15% over the forecast period, with a projected market size of USD 28216.48 million by 2028.
The Micro Data Centres Market is expected to experience significant growth in the coming years, with a favorable outlook on major investments by industry participants and an increase in mergers and partnerships for expansion strategies. This trend is expected to drive the market forward and lead to the release of novel products.
It is expected that the global Micro Data Centres Market will experience growth during the forecast period from 2023 to 2030. The market research study will provide analyses and insights into consumer behavior towards existing products, as well as identify potential reasons for the failure of certain products.
Factors that contribute to the growth of the Micro Data Centres Market:
- The demand for edge computing is on the rise due to the increasing number of devices and applications that are connected to the internet. This has created a need for edge computing solutions that can store and process data in closer proximity to the source.
- Advancements in technology: The development of new technologies such as 5G networks and Internet of Things (IoT) devices is driving the growth of the Micro Data Centres market..
- There is a growing concern regarding data security due to the rising number of cyber threats and data breaches. This concern has led to a greater emphasis on data security, which is driving the demand for Micro Data Centres.
- Growth of cloud computing: The popularity of cloud computing is driving the growth of the Micro Data Centres market, as more organizations look to deploy edge computing solutions to support their cloud infrastructure.
- The growth of the Micro Data Centres market is also being driven by government initiatives and regulations surrounding data security and privacy.
According to the most recent Fortune Business Insights report, there is a significant opportunity for market expansion during the forecast period. The report analyzes the current Micro Data Centres Market scenario, including mergers and acquisitions, research and development investments, technological advancements, unique marketing strategies, and consumer behavior, to map out potential market opportunities. These opportunities will help enhance the understanding of the global market and its projected growth in the future.
Leading market participants:
The Micro Data Centres market is highly competitive and comprises of many small and large companies operating in domestic and international markets. The increasing demand for secure and speedy data access is driving market players to expand their product portfolio. Key companies are implementing fundamental business strategies such as launching new products, enhancing existing ones, and forming partnerships, collaborations, mergers, or acquisitions to strengthen their market position. For example, in August 2019, Tripp Lite, a US-based provider of power and connectivity solutions, launched EdgeReady, a line of Micro Data Centres that can be installed quickly and reliably.
Regional breakdown:
The Micro Data Centres market in North America is expected to dominate globally due to the increasing digitization and adoption of innovative technologies in the retail industry. Big data powered by machine learning is being used by retailers to improve customer experience, manufacturing, and logistics operations. Retailers such as ALDO Group are using big data analytics to target the right customers and predict emerging trends to boost sales. The adoption of analytics solutions is likely to encourage retailers to implement Micro Data Centres. Furthermore, the presence of major market players in the US is driving significant developments in Micro Data Centres, such as Vertiv Group Corporation’s launch of a single-phase UPS integrated with lithium-ion batteries to increase runtime and reduce maintenance for Micro Edge Data Centres in March 2020.
Europe is at the forefront of 5G network infrastructure deployment, with prominent telecom providers driving the penetration of this technology and boosting the growth of the Micro Data Centres market. For example, in May 2020, European telecom service provider Tele2 AB launched its 5G network for consumers in Gothenburg, Stockholm, and Sweden. Additionally, the European manufacturing sector is increasingly adopting the latest technologies such as 5G, robotics, machine learning, and IoT to improve productivity, which is expected to further positively impact the market growth. Furthermore, Germany’s government initiative, Industry 4.0, encourages digitalization, further fueling market growth across Europe. With the growing adoption of edge computing services, Europe is expected to see increased demand for micro data Centres in the coming years.
The Asia Pacific region is expected to witness significant growth in the micro data centre market due to various government initiatives to promote power usage effectiveness and reduce energy consumption in data centres. In June 2019, the Chinese government implemented data centre policies that require the power usage effectiveness of existing data centres to be below 1.4 and below 1.3 for new data centres. The rapid development of IT infrastructure is another crucial factor driving the demand for micro data centres in the Asia Pacific region. Moreover, government initiatives in countries such as China, India, South Korea, Japan, and Singapore are promoting advancements in the industrial sector for economic development. The growing industrial sector, especially in China and Taiwan, is expected to fuel the revenue growth of the micro data centre market in the Asia Pacific region.
Vietnam – the Potential Market for Micro Data Centers
Vietnam’s new growth strategy places the new digital economy at the forefront, paving the way for extensive digitalization in both the public and private sectors in the next decade. This growth strategy is also expected to attract international data center operators to enter the market.
Edge Centres, an Australian data center company, has made inroads into the Asian market by launching its first micro data center, EC51, in Ho Chi Minh City. This cutting-edge facility, powered entirely by solar energy and implemented by USDC Technology, will be the first of several, with the company planning to expand to other cities in Vietnam, in addition to HCM.
EC51, located in Ho Chi Minh City, stands out not only as the first micro data center established in Vietnam but also as the country’s maiden data center to operate on solar energy. This unique facility will be linked to six telecom service providers, boasting a dedicated capacity of 1MW, coupled with 250kW of solar and battery power.
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