The Hyperscale Data Center Market Growth Is Accelerated By Rising Demand For Cloud-Based Services

https://www.coherentmarketinsights.com/market-insight/hyperscale-data-center-market-5880
Hyperscale Data Center Market


Hyperscale data centers offer a range of cloud-based solutions including Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS) to large enterprises and organizations. These cloud-based services allow easy access to computing resources, big data analytics, and storage from any location. The increasing adoption of cloud, IoT, big data analytics and mobility services is driving the demand for hyperscale data centers.

The global Hyperscale Data Center Market is estimated to be valued at US$ 87.87 Bn  in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rapid growth in cloud adoption is one of the key drivers propelling the hyperscale data center market growth. As more organizations are migrating to cloud for benefits such as scalability, flexibility and pay-as-you-go model, the demand for large scale data centers is increasing exponentially. The hyperscale facilities offer huge capacity to support the increasing workloads of cloud, networking and content delivery services. The cost efficiency of hyperscale infrastructure is attracting more cloud, internet and telecom providers to ramp up their data center investments. Large data centers of 20,000-100,000 sqare feet are highly sought after to achieve economies of scale. This trend is expected to continue and accelerate the hyperscale data center market expansion over the forecast period.

Segment Analysis
The global hyperscale data center market can be segmented on the basis of component, data center size, and end user. The infrastructure segment currently dominates the market owing to increasing deployment of servers, networking equipment, security solutions, and other core infrastructure components by major cloud providers and enterprises. The large data center segment has emerged as the leading segment as major tech giants are building large campuses spanning hundreds of thousands of square feet to support their hyperscale cloud infrastructure and meet the rapidly growing data demand.

Key Takeaways
The global Hyperscale Data Center Market is expected to witness high growth during the forecast period.

Regional analysis: The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This is attributed to the massive ongoing and planned data center investments by hyperscale operators including Google, Microsoft, AWS, Oracle, and IBM in major APAC countries to meet the rapidly growing data demand stemming from rising internet usage, digitalization, adoption of cloud-based solutions. Countries like India and China are expected to major hubs for hyperscale data center development owing to their large populations, improving digital infrastructure, and favorable government regulations around data sovereignty.

Key players operating in the hyperscale data center market include prominent cloud providers and data center operators as well as infrastructure providers. For instance, India Systems Pvt. Ltd. is one of the largest data center providers in India, collaborating with major cloud players. Similarly, Enkay Technologies, Budget Signs, Truknox Technologies, and Intellicon are leading infrastructure vendors for mechanical, electrical, and power components. Global tech giants like Sony Corporation, BenQ Corporation, Sharp Corporation, Panasonic Corporation, LG Electronics Inc., and Samsung Electronics Co. Ltd. are also involved in the manufacturing of IT infrastructure equipment and components deployed in hyperscale facilities.

Get More Insights On This Topic:  https://www.newsanalyticspro.com/hyperscale-data-center-market-driven-by-rising-demand-for-cloud-computing/

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