BFSI segment seen fueling modular data centers to 28.3% CAGR

"The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market," states Research and Markets.

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According to the "Modular Data Centers - Market Analysis, Trends, and Forecasts" report from ResearchAndMarkets.com (Dublin, IR), the modular data centers market worldwide is projected to grow by US $73.9 billion, driven by a compounded growth of 27.8%, through the forecast period. Banking, Financial Services, and Insurance (BFSI), one of the segments analyzed and sized in this study, displays the potential to grow at over 28.3%, finds the analyst.

"The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market," states the report's executive summary. "Poised to reach over US $28.1 billion by the year 2025, Banking, Financial Services, and Insurance will bring in healthy gains adding significant momentum to global growth."

Competitors identified in the new market report include:

CommScope, Inc.

Datapod

Dell Technologies

Eaton Corporation PLC

Emerson Network Power

Flexenclosure AB

Gardner DC Solutions Ltd.

Hewlett-Packard Development Company L.P.

Huawei Technologies Co., Ltd.

ICTroom

Inspur Technologies Co., Ltd.

Johnson Controls, Inc.

Nortek Air Solutions, LLC.

PCX Corporation, LLC.

Rittal GmbH & Co. KG

Total Site Solutions, Inc.

ZTE Corporation

According to the research, in Japan, the BFSI segment will reach a market size of US $2.4 billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 26.6% over the next couple of years and add approximately US $12.3 billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Representing the developed world, the United States will maintain a 31.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.3 Billion to the region's size and clout in the next 5 to 6 years. Over US $3.4 billion worth of projected demand in the region will come from the rest of the European markets.

Learn more about the report and view its TOC here.

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