Hyperscale Datacenter Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Hyperscale Data Center Market is expected to register a CAGR of approximately 5.69% over the forecast period. Hyperscale data centers have become highly powerful in recent years due to the increased computing and storage requirements to serve high-end applications. Business-critical apps are increasing, resulting in greater data center complexity. With the rising popularity of the web, e-commerce, social media, big data, computing, online gaming hosting, and Hadoop, the infrastructure needs to improve application speed, energy efficiency, and server density are increasing.
Key HighlightsThe hyperscale data center market is moderately fragmented, with the presence of both global players and small and medium-sized enterprises. Moreover, hyperscale data centers are used in various industries to provide vendors with growth opportunities. Players in the market are adopting strategies, such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
October 2022, Microsoft Corporation plans to develop a large hyperscale data center in Pune as part of its multi-city data center strategy in India. As a part of the development, the company acquired a 25-acre land parcel in the Pimpri-Waghere locality of the city through an agreement with Finolex Industries to transfer the long-term lease for approximately INR 329 crore (USD 40.2 million), and it is planning to develop the data center on this plot.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook