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Modular Data Center Market worth $79.49 billion by 2030- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Nov. 5, 2024 /PRNewswire/ — The Modular Data Center Market is expected to grow from USD 29.93 billion in 2024 to USD 79.49 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period, according to a new report by MarketsandMarkets™.

The combined usage of AI and machine learning is expected to fuel the demand for Modular Data Center Market across the world. The modular data centers are gaining popularity among end users like cloud service providers (CSPs), telecom service providers, and enterprises in verticals including BFSI, IT & ITeS, and Healthcare & Life Sciences to achieve scalability and operational efficiency at a lower cost. The increased investment in automation and advanced analytics is already increasing the use of modular solutions for infrastructure management and real-time processing.  These advancements will enhance decision-making, optimize resource utilization, and proactively manage data center operations, driving future market growth.

Browse in-depth TOC on “Modular Data Center Market”

356 – Tables
71 – Figures
384 – Pages

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Scope of Report

Report Metrics

Details

Market Size Available For Years

2019 –2030 

Base Year Considered

2023

Forecast Period

2024–2030

Forecast Units

Value (USD Billion)

Segments Covered

Component, Form Factor, Build Type, Data Center Size, Deployment Type, End User and Region  

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

Dell (US), Schneider Electric (France), Vertiv (US), Johnson Controls (US), Eaton (US), Delta Electronics (Taiwan), Huawei (China), ABB (Switzerland), Rittal (Germany), Stulz (Germany), (US), IE Corp (US), Cannon Technologies (US), Edge MCS (US), Asperitas (US), Retex (Spain), Box Modul (Sweden), Bladeroom (UK), Wesco (US), FiberHome (China), ScaleMatrix (US), Equinix (US), 365 Data Centers (US), CoreSite (US), Cupertino Electric (US),K-Star (China), IEM (US), Modular Power Solution (US), Faith Technologies (US), Volta (US), M.C DEAN (US), Data Specialities Inc. (US), TAS (US), EAS (US), Total Site Solutions (US), AWS (US), Meta (US), Oracle (US), Microsoft (US), Apple (US), Intel (US), Nvidia (US), IBM (US), Siemens (Germany) and HPE (US).

As per form factor, skid-mounted is expected to grow at the highest CAGR during the forecast period.

Skid-mounted systems are another flexible and easy to implement solution in the Modular Data Center Market. These systems are permanently mounted on a strong metallic structure that enables them to be easily connected to other machineries and electrical appliances in an organization. Skid-mounted systems are another type of systems that have the benefit of being pre-built in a factory, leaving little to setup on site. This pre-construction approach is not only beneficial in the installation process but also reduces the construction time. When used as pre-fabricated structures, skid-mounted modules can provide a convenient way to grow or create new data centers. They normally occupy less space than conventional enclosures, hence, enabling efficient use of the available space. Furthermore, these systems are normally cheaper and usually developed to fit certain operations of an organization. For organizations that need standby systems or require a solution for permanent installations, skid-mounted systems are a cost-effective option to improve the data center infrastructure.

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As per deployment type, indoor holds the largest share during the forecast period.

Modular data centers for indoors are specifically planned to be implemented within the premises of buildings, including warehouses or office spaces, and take advantage of the available space for the IT facilities. These units are typically characterized by standard containerized modules that can be easily incorporated into existing structures. One of the major benefits of indoor deployments is that the environment is controlled, which is especially important for the performance and durability of some crucial equipment. Moreover, indoor installations can leverage pre-existing power, cooling, and networking infrastructure, thereby requiring less investment in these areas. However, these solutions can face issues such as space constraints, which can hinder expandability and future growth. Additionally, indoor environments may require enhanced security measures to protect sensitive data and equipment from unauthorized access. Modular data centers designed for indoor environments are preferred by organizations that need to maximize their premises while ensuring that operational capacity is not compromised, thus achieving an optimal balance between flexibility and efficiency in their IT solutions. In general, modular data centers for indoor use meet the requirements of organizations that need to improve their infrastructure without interrupting business processes.

As per region, Asia Pacific will grow at the highest CAGR during the forecast period.

The Asia Pacific region, comprising China, Japan, Australia, and New Zealand, has witnessed the fastest growth in the Modular Data Center Market over recent years, propelled by increasing demand for AI and cloud computing infrastructure. China’s investment in data center infrastructure has surged, with a staggering $61 billion allocated to support the rising demand for AI chips. Major companies like Alibaba are expanding their capacity, aiming for a 200 MW increase in hyperscale facilities across Beijing and Shanghai.

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In Japan, significant investments are transforming the data center landscape. Oracle has committed $8 billion to bolster cloud computing and AI capabilities, while Microsoft is investing $2.9 billion to enhance its data center operations, reflecting the region’s focus on digital transformation. Australia is also actively contributing to this growth, with DXN delivering modular data centers that tackle supply chain challenges while emphasizing sustainability and innovation. The rapid digital transformation across the Asia Pacific has made it the fastest-growing market for modular data centers globally, driven by government initiatives, robust cloud adoption, and escalating data consumption. As companies adapt to this evolving landscape, the region is well-positioned to solidify its dominance in the global data center sector, paving the way for continued advancements and expansion in the years ahead.

Top Key Companies in Modular Data Center Market:

Some of the key players operating in the Modular Data Center Market are – Dell (US), Vertiv (US), Schneider Electric (France), Huawei (China), Eaton (US), Johnson Controls (US), Delta Electronics (Taiwan), ABB (Switzerland), Rittal (Germany), Stulz (Germany) and Hubbell (PCX) (US).

Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting

Related Reports:

Data Center Infrastructure Management Market – Global Forecast to 2029

Enterprise Networking Market – Global Forecast to 2029

Autonomous Networks Market – Global Forecast to 2029

Communication Test and Measurement Market– Global Forecast to 2029

Edge Data Center Market– Global Forecast to 2028

Get access to the latest updates on Modular Data Center Companies and Modular Data Center Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Cineverse Appoints Rey Puentenegra as Vice President, Corporate Controller

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LOS ANGELES, Nov. 5, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), an innovative streaming entertainment and technology company, today announced that it has hired Rey Puentenegra as Vice President, Corporate Controller. Leveraging over 20 years of combined experience across the Industry, Audit and Regulatory Sectors, Puentenegra will oversee all financial and accounting functions across Cineverse’s entire business. He will manage day-to-day operations of the accounting department while taking ownership of corporate accounting, regulatory and financial reporting, audit preparation, and the continual development of internal control policies and procedures. Puentenegra’s appointment is effective immediately, and he will report directly to Mark Lindsey, Chief Financial Officer of Cineverse.

For more than two decades, Puentenegra has been responsible for financial and accounting management, SEC reporting and technical accounting, IPO and SPAC consulting, and process systems implementation and optimization across public and private companies, Big 4 accounting firms, and the Public Company Accounting Oversight Board (PCAOB). Prior to joining Cineverse, Puentenegra served as Controller at YOUNGLA, a fitness and lifestyle apparel e-commerce company, where he oversaw the finance and accounting team as well as managed an outside accounting firm and the company’s primary banking relationship. He was responsible for developing and implementing the initial finance operations structure in addition to the company’s Enterprise Resource Planning. Throughout his career, Puentenegra has served in finance and accounting roles for KPMG, PricewaterhouseCoopers (PwC), Reading International, Global Eagle Entertainment, Corporate Finance Group, XOS, and Spatial Genomics. As Inspections Specialist at PCAOB, he inspected the audits of the Big 4 and mid-tier firms in both the U.S. and foreign jurisdictions.

In connection with his joining the Company, Puentenegra received stock appreciation rights (the “SARs”) for 85,000 shares of Cineverse’s Class A Common Stock (the “Common Stock”), having a ten-year term and an exercise price equal to $2.74, and vesting 1/3 on November 4 of each of 2025, 2026 and 2027. The grant of SARs is an inducement grant pursuant to NASDAQ listing Rule 5635(c)(4).

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse  (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

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Cboe Global Markets Reports Trading Volume for October 2024

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CHICAGO, Nov. 5, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today reported October monthly trading volume statistics across its global business lines.

The data sheet “Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report” contains an overview of certain October trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Average Daily Trading Volume (ADV) by Month

Year-To-Date

Oct

2024

Oct

2023

%

Chg

Sep
 2024

%

Chg

Oct

2024

Oct

2023

Chg

Multiply-listed options (contracts, k)

10,793

11,230

-3.9 %

10,459

3.2 %

10,610

10,885

-2.5 %

Index options (contracts, k)

3,976

4,534

-12.3 %

4,130

-3.7 %

4,097

3,765

8.8 %

Futures (contracts, k)

187

292

-36.0 %

232

-19.6 %

243

227

6.7 %

U.S. Equities – On-Exchange (matched shares, mn)

1,289

1,376

-6.4 %

1,234

4.4 %

1,360

1,396

-2.6 %

U.S. Equities – Off-Exchange (matched shares, mn)1

77

81

-5.6 %

85

-9.1 %

78

81

-2.8 %

Canadian Equities (matched shares, k)

158,622

137,305

15.5 %

148,628

6.7 %

145,790

134,538

8.4 %

European Equities (€, mn)

10,534

9,277

13.6 %

10,121

4.1 %

9,681

9,498

1.9 %

Cboe Clear Europe Cleared Trades2 (k)

117,528

100,398

17.1 %

102,208

15.0 %

1,017,755

990,488

2.8 %

Cboe Clear Europe Net Settlements2 (k)

1,042

873

19.4 %

943

10.5 %

9,278

8,406

10.4 %

Australian Equities (AUD, mn)

777

719

8.0 %

891

-12.8 %

788

699

12.7 %

Japanese Equities (JPY, bn)

288

196

47.0 %

312

-7.5 %

315

174

80.5 %

Global FX ($, mn)

44,373

47,933

-7.4 %

48,096

-7.7 %

46,805

44,363

5.5 %

1 U.S. Equities – Off-Exchange ATS Block metrics restated to incorporate a tier of sell-side activity from July 2023 and forward, previously excluded from reporting.
2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date. Asa of April 2023, data has been restated to reflect both On-Book and Off-Book cleared trades.

October 2024 Trading Volume Highlights

Cboe Europe

Cboe Europe Periodic Auctions reported a record average daily notional value (ADNV) of €2.5 billion, beating the previous record of €2.4 billion in September 2024.Cboe Clear Europe processed 117.5 million client trades in October, its highest monthly volumes in 2024. Additionally, it cleared its first trades on Deutsche Börse, introducing competitive clearing to the German market.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

 

Cboe Media Contacts

   Cboe Analyst Contact

Angela Tu 

Tim Cave

Kenneth Hill, CFA 

+1-646-856-8734 

+44 (0) 7593-506-719

+1-312-786-7559 

atu@cboe.com

tcave@cboe.com

khill@cboe.com

 

CBOE-V

Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor’s®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor’s or Cboe and neither Standard & Poor’s nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.

There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/

Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. 

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SOURCE Cboe Global Markets, Inc.

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Patrick Industries to Participate in Upcoming Baird Conference

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ELKHART, Ind., Nov. 5, 2024 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in Baird’s 2024 Global Industrial Conference on November 12, 2024.

Andy Nemeth, Chief Executive Officer, and Kip Ellis, President – Powersports, Technology and Housing, will participate in a fireside chat as well as engage in one-on-one meetings with institutional investors and analysts. The conference will be held at the Ritz-Carlton in Chicago.

Please contact Baird for attendance information and additional details. 

About Patrick Industries, Inc. 
Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com

Forward-Looking Statements  
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made. 

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SOURCE Patrick Industries, Inc.

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