Micro Data Center Market Growth, Trends, Product, Forecast Research, 2024

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Micro Data Center Market - Increased Competition
Set to Drive 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Micro Data Center Market

• Several European countries including Italy,
  Spain, and Russia are recovering from the
  economic crisis, which is proving to be a decent
  opportunity for businesses organizations to grow
  and has led to the demand for efficient data
  storage techniques, thereby providing an impetus
  to the micro data center market. New startups and
  businesses in the European countries are
  contributing to the rising amount of data.
• In 2016, around 660,000 companies were
  established in the UK giving rise to the need for
  an enhanced data center infrastructure. The
  requirement of the micro facilities in the region
  for SMEs is increasing rapidly due to the several
  advantages that provided by these infrastructures
  to the enterprises as compared to the large
  infrastructures. These factors are anticipated to
  positively impact the Europe micro data center
  market over the coming years.

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• Application Analysis of Micro Data Center Market
  
• IT telecom and BFSI sectors accounted for the
  majority of the market share and are witnessing a
  growing adoption of these facilities thereby
  driving the micro data center market. The rise in
  large information storage requirements and
  processing in these sectors has increased the
  need and demand for these facilities. In the
  micro data center market, IT telecom and
  financial organizations are the largest adopters
  of the facilities as they help the businesses to
  manage a large array of mission-critical
  applications from basic compute storage to
  latency-sensitive trading.
• The solutions can cater to any performance
  requirements while offering the flexibility to
  scale from single cabinets to customized
  cabinets. With the rise in data traffic in the
  sector, a high necessity for the data security,
  safety, and management has been experienced,
  thereby driving the micro data center market
  growth.

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Competitive Market Share of Micro Data Center
Market

• Key players operating in micro data center market
  are Allied Electronics Corporation Limited,
  Canovate Group, Advanced Facilities, Inc.,
  Chillmann, LLC, Dataracks, Dell, Inc., Delta
  Power Solutions, Cannon Technologies Ltd., River
  Sync , Eaton Corporation PLC, , Vapor IO,
  Zellabox Pty Ltd., Hanley Energy, Hewlett Packard
  Enterprise (HPE) Development LP, Hitachi, Ltd.,
  Huawei Technologies Co., Ltd., International
  Business Machines (IBM) Corporation LLC., IPSIP
  Group, KSTAR Corporation, Orbis Oy, Panduit
  Corp., Vertiv Co., Instant Data Centers, Rittal
  GmbH Co., KG, Schneider Electric SE, Sicon Chat
  Union Electric Co., Ltd., and STULZ GmbH, among
  others.
• These players are competing based on the needs
  and requirements of the widespread customer base
  and the technological advancements in micro data
  center market.

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