The hyperscale data center market is anticipated to witness healthy growth from 2019 to 2024, a research report suggests. Growing at a CAGR of 22.51%, the market is projected to reach US$90.72 billion by 2024. The rising need for high application performance is expected to support the market growth along with the rapidly growing population. As predicted by analysts, the increasing demand for skilled professionals will negatively affect the market’s performance from 2019 to 2024. During the forecast period, the market will be supported by the need for reducing capital and operational expenditure and favorable government policies.
Concerns regarding high investment requirements on the other hand will challenge distributed computing sector based organizations functioning in the global hyperscale data center market. Analysts have split the market into component, servers, type, tier type, vertical, and design type segments based on products and services. Distributed computing based companies have been profiled. Problems related to the supply chain are set to affect the global market during the forecast period 2019 to 2024. The report also provides the market’s performance forecasts till 2024. Analysts have studied the strategy of distributed computing segment based organizations to help new entrants and established businesses. The distributed computing sector itself is supported by a rise in disposable income as well as the availability of many untapped opportunities. During the forecast period 2019 to 2024, the hyperscale data center market is set to witness a health growth across component, servers, type, tier type, vertical, and design type segments as well as regional markets.
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In the pandemic period, the markets that belonged to the IT sectors had mixed impacts, and the Hyper-Scale Data Center Market has shown a stable growth during the period because the requirement of data protection, management, and transferring has increased at a high rate. The use of cloud-based services even increased during the lockdown time. These factors had shown a positive impact on the market’s growth rate.
Due to the rise of widespread opportunities, the market is estimated to grow at a significate rate in the future years. The Hyper-Scale Data Center Market Size is estimated to reach a CAGR of 27 %, worth USD 96 Billion during the forecast period.
The Hyper-Scale Data Center Market is segmented based on type, solutions, and vertical. The type segment of the market is fragmented into enterprises, cloud providers, and colocation providers. The company needs to store and secure its data; therefore, a hyper-scale data center plays a major role in this process. The cloud providers include public clouds, manage private clouds, and offer on-demand computing components. The equipment, space, and bandwidth are provided under the collocation provider, and the solution segment includes software, storage, server, service, and others. The market is classified into energy & utilities, government and defense, IT & telecommunication, retail, BFSI, manufacturing, media and entertainment, healthcare, and others in the vertical segment.
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According to the geographical status, the Hyper-Scale Data Center Market is distributed into different regions such as North America, Europe, and the Asia Pacific. Among these, North America holds the highest market share of the global market. This region is emerging due to the increase in investment in technological solutions; meanwhile, the Asia Pacific region to growing at a consistent rate during the forecast period. The market regions to propel the growth in the global level, especially due to the increased growth of IT infrastructure.
According to the recent update, Extra by Airtel is all set to launch New 38 MW Hyperscale Data Center in Chennai, India.
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