Hyperscale Data Center Market is Expected to Grow at a 22.51% CAGR | Market Key Players are Cisco Systems, Inc, IBM Corporation, Hewlett Packard Enterprise Development LP, DELL Inc. and Huawei Technologies Co. Ltd

Hyper Scale Data Center Market Research Report- Forecast till 2024

Market Highlights

High-flying technology companies have helped the global hyper-scale data centres market 2020 claw back most of its losses for the year due to COVID 19 outbreak worldwide. On this Market Research Future, from an in-depth study, opens that the stocks are helping to carry the load. The global hyper-scale data centres market would see a tremendous rise with a valuation of USD 96 billion by 2023, at 27% CAGR. The growth could be witnessed from the year 2017 to 2023.

Noble Developments

The rising demand for online services such as live channels, social networking, and gaming websites is generating a hefty volume of data that needs to be stored and processed. With the fragmentary changes in data storage requirements, mounting demand for cloud computing services is being witnessed. Cloud computing offers numerous advantages such as scalability, efficiency, enhanced application performance, and flexibility requires high computational power owing to which enterprises are consolidating data centres to enhance business profitability.

Growing demand for cloud resources and data centres from the consumers and businesses has led to the execution of large-scale public cloud data centres. These hyperscale cloud operators are predictable to lead the cloud industry. Such factors are likely to positively impact the hyperscale data centre market profits over the forecast timespan. Hyperscale data centres have been chiefly adopted by big companies such as Amazon and Google, thus promising as one of the fastest-growing technologies in the IT infrastructure world.

Furthermore, the factors driving this market are also noted to be the application of hyperscale data centre, energy efficiency, across various industry domains, and reduced total cost of ownership. On the contrary, factors such as power failure and generation of enormous heat are some of the manacles for the world hyperscale data centre industry.

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Segmentation:

The globe level analysis of the global hyper-scale data market is done for segments such as solutions, type, and vertical.

Depending on the solutions segment, the market has included storage, software, server, service and others.

Depending on the type segment, the market has included enterprises, collocation providers and cloud providers.

Depending on the vertical segment, the market has included government and defence, manufacturing, retail, media and entertainment, healthcare, IT & telecommunication, BFSI, energy & utilities and others.

Regional Analysis

Regionally, North-America grabbed the largest market share from countries the such U.S. among others. The reason is attributed to the growing investments for these technological solutions, adoption of these solutions by various domains and low operational cost. North America has also constituted a leading market share back in 2016 and is probable to retain its position over the forecast period. The growth was propelled by the cost-efficiency of the technology and the incidence of numerous vendors, leading to foremost investments in the development of cloud infrastructure in the region. The U.S. grabbed major markets share in North America.

Asia-Pacific region is anticipated to cultivate over the assessment period, 2017-2023. The reason is attributed to escalating data centre traffic, mounting demand for various technological solutions and rising development of IT infrastructure.

Top Market Players

Top players in the global hyperscale data centre market include IBM Corporation (US), Cisco Systems, Inc. (US), Ericsson (Sweden), Huawei Technologies Co. Ltd. (China), Cavium (US), Lenovo Group Ltd. (China), Broadcom Ltd. (US), Quanta Computer Inc. (Taiwan), Dell Inc. (US) Intel Corporation (US), and Hewlett Packard Enterprise Development LP (US).

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Hyperscale Data Center Market Research Report: by Component (Servers, Networking, Software, Storage and others), by Services (Consulting, Installation and Deployment, and Maintenance and Support), by Type (Cloud Providers, Colocation Providers, Enterprises), by Tier Type (Tier 3, Tier2, Tier 4 and Tier 1), by Design Type (Electrical Construction and Mechanical Construction) and by Region (North America, Asia-Pacific, Europe, Middle East and Africa and South America) - Forecast till 2024

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This release was published on openPR.