Hyperscale Data Center Market Size, Growth, Statistics & Forecast Research Report 2024-2030

Published: 2024-06-27
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Author: Pujammr
Published in: Computers & Technology

Hyperscale Data Center Market Size, Growth, Statistics & Forecast Research Report 2024-2030

Hyperscale Data Center Market Growth or Demand Increase or Decrease for what contains:

Digital Transformation: The increasing volume of digital data and the need for efficient processing are primary growth drivers. The transition to cloud-based services and the adoption of data-intensive technologies are boosting the demand for hyperscale data centers.
Adoption of Advanced Technologies: The proliferation of Web 2.0, social media, Internet commerce, cloud computing, big data, and online gaming is driving demand for innovative hyperscale data center architectures.
Cost Efficiency: Hyperscale data centers are highly efficient and cost-effective. They reduce total cost of ownership (TCO) by optimizing energy efficiency, server density, and application performance.
Scalability: Hyperscale data centers use simple, scalable servers composed of readily available components, leading to low TCO and high efficiency.

Hyperscale Data Center Market CAGR Estimation:

Hyperscale Data Center Market was valued at USD 87.63 Bn in 2023 and is expected to reach USD 449.24 Bn by 2030, at a CAGR of 26.30 % during the forecast period.

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Hyperscale Data Center Market Segmentation:

By Component

Solution: This segment includes servers, storage systems, networking equipment, and software solutions optimized for hyperscale environments. It dominated the market in 2023 and is expected to hold the largest market share over the forecast period.
Service: Includes consulting, installation and deployment, and maintenance and support services.

By Industry

IT & Telecom: The IT & Telecom segment, which encompasses cloud services such as IaaS, PaaS, and SaaS, dominated the market in 2023. The deployment of hyperscale data centers for cloud computing infrastructure is a key growth driver.
Others: Banking, Financial Services, and Insurance (BFSI), Research and Academics, Retail, Manufacturing, Media & Entertainment, Government & Defence, and Healthcare.

Hyperscale Data Center Market Overview:

The Hyperscale Data Center Market was valued at USD 87.63 billion in 2023 and is projected to reach USD 449.24 billion by 2030, growing at a CAGR of 26.3% during the forecast period. Hyperscale data centers are essential facilities designed to manage large-scale workloads for extensive data processing and storage needs. They are significantly larger than traditional data centers, often accommodating thousands of servers, which allows for high-speed internet connectivity and scalability.

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Hyperscale Data Center Market: Which Regions are Experiencing Growth or Increased Demand?

North America

North America is a significant market for hyperscale data centers, driven by the widespread adoption of cloud services and digital transformation initiatives across various industries. The proliferation of big data and the rollout of 5G networks further boost demand.

Asia Pacific

Singapore is emerging as a key hub for data centers, attracting technology giants due to its robust infrastructure despite high operational costs. Other significant markets include China and Japan, with major players like Alibaba Cloud and Tencent Cloud leading the way.

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Hyperscale Data Center Market Key Players:

North America: Dell Inc, Hewlett Packard Enterprise, Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), IBM Cloud, Oracle Cloud, Nvidia.
Europe: OVHcloud, Interxion (Digital Realty), Equinix, Telehouse (KDDI), Deutsche Telekom.
Asia Pacific: Alibaba Cloud, Tencent Cloud, Huawei Cloud, NTT Communications, Singtel, Fujitsu.
Middle East & Africa: Etisalat.

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Key questions answered in the Hyperscale Data Center Market are:

• What is Hyperscale Data Center?
• What is the growth rate of the Hyperscale Data Center Market?
• Which are the factors expected to drive the Hyperscale Data Center market growth?
• What are the different segments of the Hyperscale Data Center Market?
• What growth strategies are the players considering to increase their presence in Hyperscale Data Center?
• What are the upcoming industry applications and trends for the Hyperscale Data Center Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Hyperscale Data Center Market?
• What major challenges could the Hyperscale Data Center Market face in the future?
• What segments are covered in the Hyperscale Data Center Market?
• Who are the leading companies and what are their portfolios in Hyperscale Data Center Market?
• What segments are covered in the Hyperscale Data Center Market?
• Who are the key players in the Hyperscale Data Center market?

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