Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 97.20 Billion | USD 167.03 Billion | 6.2% | 2023 |
The global Hyperscale Data Center Market size was valued at USD 97.20 Billion in 2023 and is predicted to reach USD 167.03 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.2% during the forecast period. The report analyzes the global Hyperscale Data Center Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Hyperscale Data Center industry.
The hyperscale data centers are the modified and customized data centers for particular requirements of an organization. Hyperscale data is a widely used cost-effective technology that is easy to blend with the integrity of corporate data and existing building systems.
One of the major factors driving the global hyperscale data center market is the surging networking, computing, storage resources, and memory demand in the distributed computing environments. Cloud computing is transforming data storage systems. Its rapid growth is anticipated to witness huge product demand. The features like cost-effectiveness and flexibility to scale upwards are likely to propel the global hyperscale data center market vigorously during the forecast period. There is a significant increase in demand for various online services like live channels, social networking, and gaming websites which in turn is generating huge data that needs to be gathered and processed. Moreover, cloud computing facilitates various advantages like flexibility, scalability, efficiency, application performance, and needs high computational power. Thus organizations are focusing on consolidating the data to boost the profitability of the business.
The global hyperscale data center market can be segmented into industry verticals, data center size, end-users, components, and region.
By industry verticals, the market can be segmented into media & entertainment, healthcare, manufacturing, retail, government & defense, research & academics, IT & telecom, banking, financial services, & insurance (BFSI), and others. The banking, financial services, & insurance (BFSI) segment holds the largest share in the global hyperscale data center market. The growth can be attributed to the surge in the customer base and increasing regulatory efforts & measures of financial inclusion to motivate the organizations to adopt large-scale IT facilities for effective data storage.
By data center size, the market can be segmented into large data centers and small & medium-sized data centers.
By end-users, the market can be segmented into enterprises, colocation providers, and cloud providers. The cloud providers segment holds hegemony over others due to the growing demand for social media and many other internet-based services.
By component, the market can be segmented into service and solution. The solution segment accounts for the largest share in the global hyperscale data center market.
The solution segment can further be bifurcated into software, networking, storage, and server. Among these, the networking segment holds hegemony over others. Integration of a large number of storage devices and servers needs an effective network system to ensure device communication and shareability of data of the whole enterprise effectively.
The service segment can further be segmented into maintenance & support, installation & deployment, and consulting.
Report Attributes | Report Details |
---|---|
Report Name | Hyperscale Data Center Market |
Market Size in 2023 | USD 97.20 Billion |
Market Forecast in 2032 | USD 167.03 Billion |
Growth Rate | CAGR of 6.2% |
Number of Pages | 220 |
Key Companies Covered | Bouygues, Arup Group, AECOM, Vertiv, Trane, STULZ, Schneider Electric, Rittal, Piller Power Systems, MTU On-Site Energy, Mitsubishi Electric Corporation, Nortek Air Solutions, Nlyte Software, Legrand, KOHLER, Hitec Power Protection, Sandisk LLC, Green Revolution Cooling, Euro-Diesel, Eaton, Delta Group, Condair Group, Cummins, Caterpillar, Bosch Security Systems, Asetek, Airedale Air Conditioning, Alfa Laval, ABB, Wistron, Cavium, Inc., Super Micro Computer, Quanta Cloud Technology, Pure Storage, Oracle, NetApp, NEC, Lenovo, Juniper, Inventec, Inspur Group, IBM, Huawei, Hitachi Vantara, Hewlett Packard Enterprise, Extreme Networks, Dell Technologies, Cisco, Broadcom, Atos, and Arista |
Segments Covered |
By Infrastructure, By Component, By Data Center Size, By Application, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global hyperscale data center market due to the growing investments by prominent market players for the low costs operations and technological developments.
Asia Pacific is anticipated to witness huge growth during the forecast period due to the presence of key providers of OTT and telecom operators. The countries like China, Japan, and India have high internet penetration rates which, in turn, are inducing lucrative growth opportunities in the region and boost the growth of the regional market.
Some of the significant players in the global hyperscale data center market are
By Infrastructure
By Component
By Data Center Size
By Application
By End User
Global Hyperscale Data Center Market: Regional Segment Analysis
FrequentlyAsked Questions
One of the major factors driving the global hyperscale data center market is the surging networking, computing, storage resources, and memory demand in the distributed computing environments. Cloud computing is transforming data storage systems. Its rapid growth is anticipated to witness huge product demand.
Some of the significant players in the global hyperscale data center market are Bouygues, Arup Group, AECOM, Vertiv, Trane, STULZ, Schneider Electric, Rittal, Piller Power Systems, MTU On-Site Energy, Mitsubishi Electric Corporation, Nortek Air Solutions, Nlyte Software, Legrand, KOHLER, and Hitec Power Protection.
North America accounts for the largest share in the global hyperscale data center market due to the growing investments by prominent market players for the low costs operations and technological developments.
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