Revenue in the data center market is projected to reach $342.10 billion in 2023 and most revenue will be generated in the United States $99.97 billion in 2023, according to Statista. It is expected to show a CAGR of 4.66%, resulting in a market volume of $410.40 billion by 2027. However, Research and Market found that modular data center market is soaring with an expected growth from $25.65 billion in 2022 to $48.16 billion by 2026 at a CAGR of 17.1%. According to the U.S. Chamber of Commerce, the average data center has 165.141 net rentable square feet (NRSF) and costs $1.305 for each NRSF with the final price tag of $215.5 million. Modular data centers can be the answer to this challenge as it is able to cut
costs by much as 30% and often taking 50% to 70% less time compare to two years of built-in data centers’ deployment.
The 30% of costs saved when building a modular data center compared to traditional ones equates roughly to one data center for every three built. The mobility of modular data centres that allow them to be just loaded and transport to its next desired location make them extremely versatile. Compared to the weeks or months of time and cost wasted to move a traditional data center, further solidifies that modular data centers are not just an option but a dire necessity. Though traditional data centers are still being used today, modular data center adoption makes more sense in many situations. Those who do not transition now, may find themselves left behind and losing out on massive savings.
The 2nd Annual Modular Construction in Data Centers by Trueventus is aimed to gather insights on the innovative approach of energy-efficient modular data centers. Join us to learn about the various benefits, integration, and maintenance methods of modular data centers from reputable speakers and network with subject experts and key players in the industry.