Micro Data Center Market is growth predicted by owing to the rise in the adoption of modular storage centers for SMBs and enterprises. The compatibility in this storage equipment provides these enterprises an advantage of fast and easy adoption of the facilities, which can accommodate a large amount of data in small spaces. Several small businesses are constructing and implementing these facilities by analyzing the amount of capacity needed to store the information and fulfilling the requirements to support other facilities such as cooling equipment and Power Distribution Units (PDUs).
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.
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 market, 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.
The solutions can cater to any performance requirements while offering the flexibility to scale from single cabinets to customized cabinets. With the rise in data traffic in the sector, a high necessity for the data security, safety, and management has been experienced, thereby driving the micro data center market growth.
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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.
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.
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.
The requirement of the micro facilities in the region for SMEs is increasing rapidly due to the several advantages that provided by these infrastructures to the enterprises as compared to the large infrastructures. These factors are anticipated to positively impact the Europe micro data center market over the coming years.
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.