Global Micro Mobile Data Center Market - Growth, Trend and Forecasts (2018 - 2023)
Micro mobile data center market is now gaining traction in various end-user industries, and has caught the eye of various organizations for better data storage. Some of the prominent trends that the market is witnessing include, increasing speed and volume of digital data generation, rising adoption of data governance tools among SME’s, growing digital traffic are some main reasons owing to growth of micro mobile data center market.
However, growing data breaching cases across the globe could be major hindrance for the growth of micro mobile data center market.
Increasing Speed and Volume of Digital Data Generation
Digitization has exponentially increased the volume and speed of data generation, which is creating the need for this vast data storage and security. This is one of the primary factor driving the demand for the micro mobile data center. According to IBM, 90% of the data in the world today has been generated in the last two years. In 2017 it was estimated that mobile data traffic would reach 11 Exabyte’s (11 billion gigabytes) a month, climbing rapidly into the future. That same year, cloud computing traffic was forecast to reach 320 Exabyte’s per month in North America alone. Managing this huge data and easy accessibility of this massive data is also becoming hard. As demands for immediate access and application availability increase, data center and IT environments are growing more critical, hybrid and distributed. This generated the need for micro mobile data centers in the market. Hence with data proliferation, the demand for the micro mobile data center will grow for the forecast period.
Adoption among Small & Medium Enterprises (SME) Segment Seeing Fastest Growth
With public cloud platforms maturing and providing secure on-cloud connectivity, using them as extensions of core IT infrastructure, especially among SME’s, has become a reality. High investment cost for data centers were once a major restrain for SME segments to invest in data center markets. But with the availability of micro mobile data center, SME can now focus on analysis of data, rather than storing it. This is a major reason for growing adoption among SME. Also easy availability of BI tools, especially on cloud, has bought analytics into the SME’s working culture. This is also further contributing to the growing demand for micro mobile data center. Therefore with these factors and increasing government policies favoring SME’s growth are estimated to grow the market for micro mobile data center significantly during the forecast period.
North America is Dominating the Micro Mobile Data Center Market
North America market is dominating global micro mobile data center market, owing to its early adoption of big data analytics companies in the US and a large number of micro data center vendors in the region which would help consolidate the majority of revenues in the micro mobile data center market. Automation trends among all major industries and adoption of cloud technologies were earliest and fastest in the region. The region also have the highest investment in data center market. With many industries implementing IoT and smart devices to enable better operations, the data generation is growing exponentially. Hence the deployment of micro data center to enhance performance is also increasing. North America is also the most significant contributor to the global IT BFSI, retail and healthcare market, from where the major share of micro data center demand generates. Moreover, stringent government regulations for data security are resulting in companies to adopt data management and storage tools and service in the region. Hence thriving the demand for micro mobile data center in the region.
Notable Developments in Micro Mobile Data Center Market
May 2018: Schneider Electric, the global specialist in the digital transformation of energy management and automation, announced the launch of EDGE Computing in Jamaica. This will drive the market for micro mobile data center in the country.
Major Players: SCHNEIDER ELECTRIC SE, HUAWEI TECHNOLOGIES CO., LTD., HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP, EATON CORPORATION PLC, PANDUIT CORP., ZELLABOX PTY LTD., HITACHI, LTD., VERTIV CO., IBM CORPORATION, RITTAL GMBH & CO. KG, CANOVATE GROUP, DELL INC., INSTANT DATA CENTERS, LLC, and DATARACKS, amongst other.
Reasons to Purchase Micro Mobile Data Center Market Report
To understand the impact of micro mobile data center applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Asia-Pacific is expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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