Global Market Insights: Modular Data Center Market to hit $50 Billion USD by 2025

SELBYVILLE, DE -- The North American modular data center market will expand at a CAGR of 20% over the forecast years as growing use of internet services and connected devices has led to a rise in the demand for modular data centers in the region -- this according to a new report by Global Market Insights. The modular data center market is slated to rise from $13 Billion USD in 2018 to $50 Billion USD by 2025. Increased cost-effectiveness with the adoption of prefabricated technologies in business operations is a major factor propelling the market growth. The major cost benefits offered by IT facilities are in the deployment, installation, operations, and maintenance costs. These advantages allow small-scale businesses to easily deploy and maintain their business operations with reduced capital expenditure. The large facilities incorporate modern technologies that require high operational expenses & maintenance services. Business sectors are spending large amounts of money on installing preventative maintenance solutions to predict component failures or downtime. However, modular facilities being portable in size and design do not require such costly tools to manage the system components and devices, propelling the modular data center market demand. The rising demand for edge computing in business operations will augment modular data center market share. The businesses are dependent on IT infrastructure that is cost-effective and close to the network source, providing better data transmission speed & accuracy. Edge computing differs from traditional data centers as they…