Hyper Scale Data Centers Market is expected to reach USD 96 Billion up to 2030
Market Analysis
The global hyperscale data center market will reach USD 96 billion
at a favorable 27% CAGR by 2030, states the latest Market Research Future
(MRFR) report.
Drivers
Increase in Internet Users to Boost Market Growth
The increasing number of
internet users has increased the amount of data which is generated and requires
being managed and stored by the hyperscale data centers that will boost market
growth over the forecast period. Rise in internet users coupled with faster
wireless internet access boosts the demand for hyperscale data centers.
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Opportunities
Various Applications of Hyperscale Data to offer Robust Opportunities
The hyperscale data is
widely used in various application areas like big data, online game hosting,
internet commerce, cloud computing, web 2.0, and social media that will offer
robust opportunities for the market over the forecast period.
Restraints
High Investment Need to act as Market Restraint
The concerns about high
investment requirements may act as a market restraint over the forecast period.
Challenges
High Cost to act as Market Challenge
The high cost of
maintenance and product may act as market challenge over the forecast period. Besides,
the generation of enormous heat and power failure may also impede market
growth.
COVID-19 Analysis
The COVID-19 outbreak has
created ample demand for hyperscale data centers across every region. With the
remote working trends, the hyperscale facilities are gaining a lot of traction.
Besides, government initiatives towards the digital economy, growing
investments from telecommunication and service providers, and increasing
adoption of digitalization are adding market growth. Further with regards to
hyperscale construction, companies such as China Telecom, OVH, Baidu, Alibaba,
Microsoft, AWS, Google, Facebook, and Apple are making huge investments in the
market.
Market Segmentation
The global hyperscale data
center market is bifurcated based on component, services, type, tier type,
design type, and vertical.
By component, the servers
segment will lead the market over the forecast period.
By services, the
maintenance and support segment will dominate the market over the forecast
period.
By type, the cloud
providers segment will spearhead the market over the forecast period.
By tier type, the
hyperscale data center market is segmented into Tier 1, Tier 2, Tier 3, and
Tier 4.
By design type, the
hyperscale data center market is segmented into mechanical construction and
electrical construction.
By vertical, the BFSI
segment will have the lions share in the market over the forecast period.
Regional Analysis
North America to Steer Hyperscale Data Center Market
North America will steer
the hyperscale data center market in the forecast period. Cost efficiency of
the technology, the presence of different vendors, major investments in the
development of cloud infrastructure, and the increasing adoption in the US are
adding to the global hyperscale data center market growth in the region.
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Key Players
Eminent industry players
profiled in the global hyperscale data center market report include Cisco Systems, Inc, IBM Corporation, Intel Corporation, Hewlett Packard
Enterprise Development LP, DELL Inc., Lenovo Group Ltd. (Lenovo), Huawei
Technologies Co. Ltd, Digital Realty Trust Inc, Equinix Inc, and NVIDIA
Corporation.
Industry Updates
Vantage SDC
Platform of DigitalBridge has acquired CA22, a Santa Clara Hyperscale Data
Center.
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