Hyperscale Data Center Market
Growth Factors of Hyperscale Data Center Market
The hyperscale data center market size was valued at USD 37.12 billion in 2023, and the market is now projected to grow from USD 44.89 billion in 2024 to USD 262.09 billion by 2032, exhibiting a CAGR of 24.7% during the forecast period of 2024-2032.
The COVID-19 pandemic had a combined effect on the market. Increased digital service call for and the shift to remote paintings undoubtedly influenced the want for facts processing and garage answers, riding boom in excessive-scale statistics facilities. However, the market additionally confronted demanding situations, consisting of disruptions in international deliver chains and constrained employee mobility, which slowed expansion.
The developing adoption of cloud-computing offerings by way of firms enhances usual IT spending because of multiplied garage and computing desires. The shift to remote work and the rise in digital collaboration and verbal exchange tools force call for cloud services, along with mission management gear, conversation answers, and digital laptop infrastructure. This fashion reflects the expanding reliance on cloud technologies in modern-day commercial enterprise operations.
Large-scale information centers are important for imparting the computing strength and garage capacity needed to handle vast amounts of statistics effectively. The surge in information from IoT gadgets, social media, on-line buying, and other resources has driven the want for superior garage solutions. This developing records volume necessitates innovative techniques to statistics processing and management.
Comprehensive Analysis of Hyperscale Data Center Market
The hyperscale data center market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by component analysis, by data center size analysis and by industry analysis. By component analysis include solutions and services. By data center size analysis include small and medium-sized data centers and large data centers. By industry analysis include IT & Telecom, retail & e-commerce, BFSI, government, energy & utilities, healthcare, and others.
The North America region lead the hyperscale data center market share by benefitting a market size of USD 15.57 billion in 2023 due to large number of hyperscale data centers in the U.S. and Canada.
The top players in the market play a crucial role in the technology industry assuring industrial prospectus growth and setting market standards. These players include, Amazon Web Services, Inc., Cisco Systems, Inc., IBM Corporation, Oracle Corporation, Arista Networks, Inc., Microsoft Corporation, Google, Inc., Intel Corporation, NVIDIA Corporation, Ericsson, Inc. these market players provide a level-playing competitive landscape.
In November 2023, Evroc seeks to raise USD 641.0 million to develop Europe's first hyperscale cloud data Center in Stockholm, focusing on sustainable cloud and AI infrastructure.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 24.7% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Component
- Solutions
- Storage
- Server
- Networking
- Software
- Services
- Installation
- Maintenance and support
By Data Center Size
- Small and Medium-Sized Data Centers
- Large Data Centers
By Industry
- IT & Telecom
- Retail & E-commerce
- BFSI
- Government
- Energy & Utilities
- Healthcare
- Others
By Region
- North America (By Component, Data Center Size, Industry, and Country)
- U.S.
- Canada
- Mexico
- Europe (By Component, Data Center Size, Industry, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
- Asia Pacific (By Component, Data Center Size, Industry, and Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
- Middle East & Africa (By Component, Data Center Size, Industry, and Country)
- Turkey
- Israel
- GCC
- South Africa
- North Africa
- Rest of the Middle East & Africa
- South America (By Component, Data Center Size, Industry, and Country)
- Brazil
- Argentina
- Rest of South America
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