According to The Insight Partners' research, the Asia Pacific micro data center market was valued at US$ 1,004.31 million in 2023 and is expected to reach US$ 3,317.37 million by 2031, registering a CAGR of 16.1% from 2023 to 2031. Growing cloud computing investment and AI-powered micro data center are among the critical factors attributed to the Asia Pacific micro data center market expansion.
The growing investment in cloud computing is poised to significantly boost the micro data center market, driven by the increasing demand for efficient, scalable, and flexible data processing solutions. According to a research study by Oracle, one-third of companies have transitioned to cloud computing, while an additional 39% are in the process of planning and assessing their cloud strategies. Organizations are increasingly adopting cloud solutions due to their ease of use, flexibility, and scalability. The cloud has proven to be a pivotal enabler of IT, particularly for small and medium-sized businesses (SMBs), as it offers a high level of security at a lower cost compared to traditional in-house solutions. This allows SMBs to concentrate more effectively on their core business activities, driving overall productivity and innovation. As companies invest in cloud solutions, they often require localized processing capabilities to manage data efficiently and reduce latency. This is where micro data centers come into play. These compact, modular solutions enable organizations to deploy computing resources closer to the data source, facilitating faster access and processing.
On the contrary, monitoring and management of micro data centers hampers the growth of Asia Pacific micro data center market.
Based on rack type, the Asia Pacific micro data center market is bifurcated into single rack and multi rack. The single rack segment held 69.9% share of the Asia Pacific micro data center market in 2023, amassing US$ 702.10 million. It is projected to garner US$ 2,372.06 million by 2031 to expand at 16.4% CAGR during 2023-2031.
By organization size, the Asia Pacific micro data center market is bifurcated into large enterprises and SMEs. The large enterprises segment held 63.5% share of the Asia Pacific micro data center market in 2023, amassing US$ 637.70 million. It is projected to garner US$ 2,015.28 million by 2031 to expand at 15.5% CAGR during 2023-2031.
By application, the Asia Pacific micro data center market is segmented into IT and telecom, BFSI, retail, healthcare, manufacturing, and others. The IT and telecom segment held 37.0% share of the Asia Pacific micro data center market in 2023, amassing US$ 371.49 million. It is projected to garner US$ 1,367.64 million by 2031 to expand at 17.7% CAGR during 2023-2031.
Based on country, the Asia Pacific micro data center market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held 29.3% share of Asia Pacific micro data center market in 2023, amassing US$ 294.69 million. It is projected to garner US$ 1,148.09 million by 2031 to expand at 18.5% CAGR during 2023-2031.
Key players operating in the micro data center market are Eaton Corp Plc; Cannon Technologies Ltd; SCHÄFER Ausstattungssysteme GmbH; Rittal GmbH & Co KG; Delta Electronics Inc; Datwyler IT Infra GmbH; Schneider Electric SE; Intellinet Network Solutions; Panduit; Legrand SA; Vertiv Group Corp.; STULZ GMBH; Hefei Coolnet Power Co., Ltd.; Vericom Global Solutions; and Canovate, among others.
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