The South America modular data center market is estimated to hit USD$2.39 billion by 2030 according to a report published by Allied Market Research.
The report states that the market was pegged at USD$515.63 million in 2020 and would potentially register a Compound Annual Growth Rate (CAGR) of 16.5% from 2021 to 2030.
The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers and opportunities, market size and estimations, competitive landscape and changing market trends.
The South America modular data center market is being driven by a rise in demand for rapidly deployable and scalable data centers, a surge in adoption of cloud services by SMEs, an increase in demand for green data centers and an expansion of global data center industry players in South America.
Proliferation of emerging technologies such as Artificial Intelligence, Big Data and Internet of things has led to a significant rise in storage volume requirement, which in turn has impacted the South America modular data center market positively.
On the other hand, challenges such as transportation and vendor lock-in impede the growth to some extent. However, increasing demand for modular data centers by colocation providers is expected to create lucrative opportunities for key players in the industry.Click below to share this article