Hyperscale Computing Market Size, Share & Trends Analysis Report By Component (Solution, Service), By Enterprise Size, By Application, By End-use (BFSI, Healthcare), By Region, And Segment Forecasts, 2023 - 2030

Hyperscale Computing Market Size, Share & Trends Analysis Report By Component (Solution, Service), By Enterprise Size, By Application, By End-use (BFSI, Healthcare), By Region, And Segment Forecasts, 2023 - 2030

Hyperscale Computing Market Growth & Trends

The global hyperscale computing market size is anticipated to reach USD 310.11 billion by 2030, expanding at 23.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 23.9% from 2023 to 2030. The demand for hyperscale computing is expected to grow owing to the increasing adoption of cloud computing, big data, social media, IoT, and streaming services.

The COVID-19 pandemic had a positive impact on the hyperscale computing industry. The efforts made by hyperscale cloud providers to combat Covid-19 by leveraging modern digital technologies such as AI, machine learningS, analytics, and bots’ services available on their platforms had helped demonstrate to the world the true power of cloud computing. Virtual reality services such as Azure Spatial anchors and AWS Sumerian were made available on cloud computing platforms during to pandemic. To support the U.S. National Health Service (NHS), approximately 17,000 doctors and nurses trained during the COVID-19 pandemic using the Oxford Medical Simulation.

Edge computing and multi-cloud techniques are growing increasingly popular as hyperscale models become more distributed. A connection must be ensured for both physical connections within the data center and high-speed fiber cables that effortlessly integrate hyperscale locations. Data center interconnects (DCIs) are used to connect enormous data centers and sophisticated edge computing facilities all over the world.

Hyperscale Computing Market Report Highlights

• Based on the component, the solution segment accounted for the maximum revenue share of 78.7% in 2022. Increasing demand for hardware servers, storage, networking, and racks is driving the segment’s growth
• Based on enterprise size, the small & medium enterprises segment is likely to expand at the highest CAGR of 26.3% over the forecast period. Different hyperscale innovations including software-defined networking (SDN), micro-segmentation, and converged infrastructure are currently being adopted by small & medium enterprises
• Based on application, the cloud computing segment accounted for the maximum revenue share of 31.4% in 2022. According to the Google Cloud Brand Pulse Survey 2022, 33.4% of the surveyed businesses are planning to migrate from legacy enterprise software to cloud-based tools
• North America held the largest share of 32.8% in 2022 and is expected to retain its position over the forecast period. This can be attributed to the presence of prominent market players in the region. Moreover, the highly developed IT services and cloud computing market are aiding the market growth of the region
• In January 2022, Oracle launched the first hyperscale cloud region in Mexico. The Oracle cloud infrastructure is expected to help businesses in the region access a wide range of technology services including cloud services with inbuilt security systems

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