Hyperscale Data Center Market 2020: Growth, Emerging Technologies, And Regional Forecast To 2024

The global hyperscale data center market is predicted to touch USD 105 billion at a 28% CAGR over the forecast period (2017-2023), states the new Market Research Future (MRFR) report. A hyperscale data center is a facility that is owned as well as operated by the organization it supports. It includes companies such as Apple, Google, and Microsoft. Hyperscale data center has a wide range of applications including manufacturing, energy, healthcare, government utilities, BFSI, IT and telecom, and many others. It offers scalable, robust applications and storage service portfolio to businesses or individuals.

Various factors are driving the growth of the hyperscale data center market. These factors, in accordance with the Market Research Future (MRFR) report, include growing need for high performance application, increased spending on data center technology, growing adoption of cloud-based solutions, growing needs for reduction in operational and capital expenditures, and proliferation of IoT.

On the contrary, concerns about data security and unethical hacking, excess heat generation, and power failure are factors that may deter the hyperscale data center market growth over the forecast period.

The Global Hyperscale Data Center Market has been segmented on the basis of component, services, type, tier type, design type, and vertical, and region. The market, by component, has been segmented into servers, networking, software, storage, and others. By service, the global hyperscale data center market has been segmented into consulting, installation and deployment, and maintenance and support. By type, the global hyperscale data center market has been segmented into cloud providers, colocation providers, enterprises. By tier type, the market has been segmented into tier 3, tier 2, tier 4, and tier 1. By design type, the market has been segmented into electrical construction and mechanical construction. By vertical, the market has been segmented into IT & telecommunication, BFSI, healthcare, government, energy & utilities, manufacturing, media and entertainment, retail, and others.

Based on the region, the hyperscale data center market report covers growth opportunities and the latest trends across Europe, North America, Asia Pacific (APAC), and the Rest of the World. Of these, North America will spearhead the market over the forecast period. This is owing to a higher number of data center providers in Canada and the US.

The hyperscale data center market in Europe is predicted to have decent growth over the forecast period. Growth of data across different industries such as manufacturing and healthcare are driving the market growth here.

The hyperscale data center market in the APAC region is predicted to have significant growth over the forecast period. Increasing use of cloud-based services in China, Taiwan, and India, coupled with burgeoning demand for hyperscale data centers, are pushing the market growth. Moreover, the rise in internet connected devices and good economic growth are also affecting the market growth in this region.

Some of the Prominent Players in the Global Hyperscale Data Center Market are 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.

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