Market Analysis
The hyperscale data center market will touch USD 90.72 billion at a 27.87% CAGR in the forecast period 2019- 2024, as per the new Market Research Future (MRFR) analysis. Hyperscale data centers, simply put, are modified data centers that are customized for an organization’s particular requirements.
Various factors are fuelling the global hyperscale data center market growth. As per the recent MRFR market estimates, such factors include the increasing need for high application performance and reducing operational and capital expenditure, increasing data center technology spending, rise in digital demands from businesses due to data explosion, and growing need for reduction in OPEX and CAPEX, and surge in data center traffic.
On the contrary, storage challenge for hyperscale data centers, rapid growth in the number of IoT devices, and increased infrastructural overheads may impede the global hyperscale data center market growth over the forecast period.
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Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global hyperscale data center market based on component, services, type, tier type, design type, and vertical.
By component, the hyperscale data center market is segmented into storage, software, networking, servers, and others. Of these, storage will lead the market over the forecast period.
By services, the global hyperscale data center market is segmented into maintenance and support, installation and deployment, and consulting.
Based on type, the global hyperscale data center market is bifurcated into enterprises, colocation providers, and cloud providers.
By tier type, the global hyperscale data center market is segmented into Tier 1, Tier 2, Tier 3, and Tier 4.
By design type, the global hyperscale data center market is segmented into mechanical construction and electrical construction.
By vertical, the global hyperscale data center market is segmented into retail, media and entertainment, manufacturing, energy and utilities, government, healthcare, BFSI, IT and telecommunication, and others. Of these BFSI will dominate the market over the forecast period.
Regional Analysis
By region, the global hyperscale data center market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, and the Middle East and Africa (MEA). Of these, North America will remain the forerunner in the market over the forecast period. Low operational cost, the adoption of hyperscale data center solutions by various domains, increasing investments for these technological solutions, the presence of several IT industry giants & internet giants, increasing use of cloud-based solutions, presence of several vendors, and major investments in the development of cloud infrastructure are adding to the global hyperscale data center market growth in the region. The United States holds the utmost market share.
In Europe, the hyperscale data center market is predicted to have the second-largest share over the forecast period.
In the APAC region, the hyperscale data center market is predicted to grow at a fast pace over the forecast period. The presence of many developing countries, surging number of data centers, rising data center traffic, growth of consumer electronics, increasing development of IT infrastructure, increasing need for various technological solutions, growing demand for cloud service from large-segment enterprises and SMEs, rapid development in the banking sector of major economies, and the increased adoption of hyperscale data center technologies and architecture by industries from different sectors are adding to the global hyperscale data center market growth in the region.
In South America and the MEA, the hyperscale data center market is predicted to have sound growth over the forecast period.
Key Players
The notable players profiled in the hyperscale data center market report include NVIDIA Corporation, Equinix Inc, Digital Realty Trust Inc, Huawei Technologies Co. Ltd, Lenovo Group Ltd. (Lenovo), DELL Inc., Hewlett Packard Enterprise Development LP, Intel Corporation, IBM Corporation, and Cisco Systems, Inc, among others.
The hyperscale data center market is highly fragmented and competitive in nature with the presence of several well-established domestic and international players. These industry players have used several strategies to stay ahead such as mergers and acquisitions, partnerships, collaborations, geographic expansions, and others. Further, they are also investing in research and development activities.
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Industry Updates
- March 2021- Google, Amazon will build hyperscale data centers in Malaysia
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