The hyperscale data center market is growing at a rapid pace. The market growth attributes to the increasing demand for hyperscale computing capabilities and the ability to achieve maximum scalability. Hyperscale data center architecture helps obtain high-performance level, efficiency, and redundancy to enable fault tolerance and reduce downtime. Besides, the rising need for high application performance and reduced capital & operational expenditure escalate market growth.
According to Market Research Future (MRFR), the global hyperscale data center market is poised to create a valuation of USD 90.72 BN by 2024, growing at 27.87?GR throughout the assessment period (2019- 2024). Various key players such as Intel, Hewlett Packard, Dell, and Enterprise Development, influence the market growth, offering products & solutions for hyperscale data centers. Increasing numbers of standard data centers worldwide substantiate the hyperscale data center market size.
Additionally, the rising needs of hyperscale software to gain increased data protection and recovery to handle workloads, including cloud and virtual infrastructure loads, push the market growth. Growing IT sector by quickly developing IT environments increases the hyperscale data center market size. Also, digital transformations across the industries enhance the hyperscale data center market share. The proliferation of smart connected devices, sensors, and robots fosters market growth.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5878
Global Hyperscale Data Center Market – Segments
The report is segmented into seven dynamics;
By Component: Servers, Networking, Software, Storage, and others.
By Services: Consulting, Installation & Deployment, Maintenance & Support, and others.
By Type: Cloud Providers, Colocation Providers, Enterprises, and others.
By Tier Type: Tier 1, 2, 3, and Tier 4.
By Design Type: Electrical Construction and Mechanical Construction.
By Vertical: IT & Telecommunication, BFSI, Healthcare, Government, Energy & Utilities, Manufacturing, Media and Entertainment, Retail, and others.
By Regions: Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Hyperscale Data Center Market – Geographical Analysis
North America dominates the global hyperscale data center market. The largest market share attributes to the presence of major technology providers and well-established infrastructure that enables the rapid implementation of advanced technologies. Besides, increasing investments in hyperscale computing and data centers and rapid advances in technologies positively impact the regional market growth.
Moreover, the increasing popularity of cloud platform fosters the growth of the regional market. The North American hyperscale data center market is projected to retain its dominance, growing at 21.7?GR throughout the estimated period.
Europe stands second in the global hyperscale data center market. The market is driven by increasing virtualization and technological advancements in cloud computing technology, leading to increasing internet applications. Additionally, the high adoption of cloud technology & IoT and the increasing demand for IoT drive the growth in the regional market.
Furthermore, augmenting demand for hyperscale data centers to ensure continuous operations and management services boost the regional market growth. The European hyperscale data center market is expected to create a substantial revenue pocket, registering 23.15?GR during the forecasted period.
The Asia Pacific hyperscale data center market is rapidly emerging as a promising market globally. The region is increasingly attracting several multinational companies over the last couple of decades, which determines the growing landscape of the market. As a result, major global players, such as IBM Corporation and Microsoft Corporation in the region, drive the growth of the market.
Also, factors such as the augmenting demand for the highly efficient hyperscale data centers to replace server rooms of an increasing number of SMEs positively impact market growth. Besides, rapidly developing countries such as China, Japan, and India, heading with the growing numbers of enterprises, influence the development of the regional market. The APAC hyperscale data center market is predicted to register 24.92?GR during the forecast period.
Global Hyperscale Data Center Market – Competitive Analysis
Highly competitive, the hyperscale data center market appears to be fragmented due to the presence of several well-established industry players. Technology providers adopt strategic initiatives such as mergers & acquisitions, expansion, technology innovations, and product & service launch to gain a larger competitive share, intensifying the competitive environment of the market.
Matured technology providers increasingly focus on maximizing their market share while small players find it challenging to compete with them. Many brands have outlined plans to widen the penetration by including various technologies to their product portfolio.
They acquire additional capacities to meet the demand of their current as well as future customers as they grow and build out their IT infrastructures at the digital edge. High demand for data center space worldwide and acquisitions strengthen industry player’s position with more space, power, and connectivity to support digital transformations.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/hyperscale-data-center-market-5878
Players leading the hyperscale data center market include IBM Corporation, Cisco Systems, Inc, Intel Corporation, Dell Inc., Hewlett Packard Enterprise Development LP, Lenovo Group Ltd. (Lenovo), Digital Realty Trust Inc, Huawei Technologies Co. Ltd, Equinix Inc, and NVIDIA Corporation, among others.