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Micro Data Center Market in 25 - 40 Rack Unit Segment is Projected to Witness A High Growth Over 2018 – 2024

Author : Ronak Bora | Published Date : 2019-04-24 

The Global Micro Data Center Market Report 2018-2024 analyzes the important factors of this market based on present industry situations, market demands, business strategies utilized by the market players and their growth synopsis. This report divides based on the key players, type, application and regions are mentioned below.

In the micro data center market, 25 - 40 rack unit segment is anticipated to witness a high growth over the forecast time span owing to their benefits such as portability and ease-of-use. The implementation of these racks in SMEs is increasing rapidly. Increasing demand for high-security and safety of the storage infrastructure located at inaccessible locations has forced the developers to construct the facilities, which are close to the businesses to ensure the safety of the information.

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Moreover, the increased dependency on IoT technology in this sector is increasing the need for this infrastructure in the micro data center market. With the advent and adoption of this infrastructure, the performance and reliability of the IoT technology and its processing have enhanced due to the reduction in the distance between the information source and storage centers.

The industry is witnessing a growing trend in the demand for IoT technology in data transmission, storage, and connectivity. The proliferation of the IoT is making service providers to move IT assets closer to the network edge thereby driving the micro data center market demand. Providing local connectivity to the network edge will result in enhanced security and service.

A central facility serving a large geographical area faces problems, such as poor connections and congestion of data, thereby stressing the need for micro facilities. Moreover, the increasing adoption of IoT technology in industries and the growth in CDN traffic are boosting the number of facilities globally, which is predicted to propel the micro data center market.

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IT & telecom and BFSI sectors accounted for the majority of the market share and are witnessing a growing adoption of these facilities thereby driving the micro data center market. The rise in large information storage requirements and processing in these sectors has increased the need and demand for these facilities. In the micro data center industry, IT & telecom and financial organizations are the largest adopters of the facilities as they help the businesses to manage a large array of mission-critical applications from basic compute & storage to latency-sensitive trading.

Several European countries including Italy, Spain, and Russia are recovering from the economic crisis, which is proving to be a decent opportunity for businesses organizations to grow and has led to the demand for efficient data storage techniques, thereby providing an impetus to the micro data center market. New startups and businesses in the European countries are contributing to the rising amount of data. In 2016, around 660,000 companies were established in the UK giving rise to the need for an enhanced data center infrastructure.

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Key players operating in micro data center market are Allied Electronics Corporation Limited, Canovate Group, Advanced Facilities, Inc., Chillmann, LLC, Dataracks, Dell, Inc., Delta Power Solutions, Cannon Technologies Ltd., River Sync , Eaton Corporation PLC, , Vapor IO, Zellabox Pty Ltd., Hanley Energy, Hewlett Packard Enterprise (HPE) Development LP, Hitachi, Ltd., Huawei Technologies Co., Ltd., International Business Machines (IBM) Corporation LLC., IPSIP Group, KSTAR Corporation, Orbis Oy, Panduit Corp., Vertiv Co., Instant Data Centers, Rittal GmbH & Co., KG, Schneider Electric SE, Sicon Chat Union Electric Co., Ltd., and STULZ GmbH, among others. These players are competing based on the needs and requirements of the widespread customer base and the technological advancements in micro data center industry.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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