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.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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The Market Research Future report offers a wide segmental analysis of the hyperscale data center market based on industry, deployment, data center size, components, and type.
Based on type, the hyperscale data center market is segmented into enterprises, colocation providers, and cloud providers.
Based on component, the hyperscale data center market is segmented into services and solution. The solution segment is again segmented into networking, storage, servers, and others. Of these, networking will have the largest share in the market over the forecast period.
Based on services, the hyperscale data center market is segmented into managed and professional services. The professional services segment is again segmented into maintenance and support, consulting, and installation and deployment.
Based on data center size, the hyperscale data center market is segmented into large data centers and small and medium-sized data centers.
Based on deployment, the hyperscale data center market is segmented into on-cloud and on-premise.
Based on industry, Covid 19 Hyperscale Data Center Market is segmented into manufacturing, healthcare, IT and telecommunications, retail, BFSI, and others. Of these, the BFSI segment will dominate the market over the forecast period.
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.
Leading players profiled in the hyperscale data center market report include Hewlett Packard Enterprise Development LP (US), Intel Corporation (US), Broadcom Ltd. (US), Quanta Computer Inc. (Taiwan), Cavium (US), Lenovo Group Ltd. (China), NVIDIA Corporation (US), Cisco Systems, Inc. (US), Ericsson (Sweden), Huawei Technologies Co. Ltd. (China), IBM Corporation (US), and Dell Inc. (US), among others. The key players in the market are heavily investing in R&D activities and constantly innovating for generating affordable product portfolio.
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