Global Micro data center market is expected to witness strong growth over the forecast period owing to its advantages in streamlining business operations at a lower cost than traditional data center services. Increasing advancement in Very Large Scale Integration (VLSI) technology adds the capability to Microdata center solutions such as cross-platform data-sharing, extended storage capabilities, and internet connectivity. The proliferation of cloud services is expected to serve as a key driver to the microdata center market growth. Availability of contingency backup, portability & scalability features, energy-efficient data center design, and low expenditure requirements are also expected to drive market growth over the next six years. However, lack of awareness may hinder market growth. Modularity & portability of Microdata center and their flexible design allow for just-in-time deployment, which may serve as an attractive market growth opportunity.
The IT & Telecom and BFSI sectors are expected to account for a major share owing to the high year-on-year growth rates of data center capacity and retrofits. Oil & gas as well as military applications are expected to offer significant growth opportunities throughout the forecast period. Micro data center also find applications in mobile computing, high-density networks, disaster recovery, remote office support, and others. Disaster recovery is expected to hold an attractive share in the microdata center market owing to its high demand in IT & telecom vertical. Micro data center market can be segmented according to rack size which includes 5-25 RU, 26-50 RU, and 51-100 RU.
North America dominated the global market due to earlier technology advancements in this region, while Asia Pacific is expected to witness high growth owing to the increasing number of data center retrofits. Key vendors in the microdata center market include Dell Inc., Panduit Corp, Canovate Group, Huawei, Elliptical Mobile Solutions, Zellabox, Wave-2-Wave Solution Corporation, SGI, Rittal, Dane-Elec Memory Corp, IOGear, NetGear, Roku, Silicondust and Sling Media.
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Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.
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