Market Analysis
The global hyperscale data center market will reach USD 96 billion at a favorable 27% CAGR by 2030, states the latest Market Research Future (MRFR) report.
Drivers
Increase in Internet Users to Boost Market Growth
The increasing number of internet users has increased the amount of data which is generated and requires being managed and stored by the hyperscale data centers that will boost market growth over the forecast period. Rise in internet users coupled with faster wireless internet access boosts the demand for hyperscale data centers.
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Key players: -
- Cisco Systems Inc. (US)
- IBM Corporation (US)
- Huawei Technologies Co. Ltd. (China)
- Ericsson (Sweden)
- Lenovo Group Ltd. (China)
- Cavium (US)
- Quanta Computer Inc. (Taiwan)
- Broadcom Ltd. (US)
- Intel Corporation (US)
Opportunities
Various Applications of Hyperscale Data to offer Robust Opportunities
The hyperscale data is widely used in various application areas like big data, online game hosting, internet commerce, cloud computing, web 2.0, and social media that will offer robust opportunities for the market over the forecast period.
Restraints
High Investment Need to act as Market Restraint
The concerns about high investment requirements may act as a market restraint over the forecast period.
Challenges
High Cost to act as Market Challenge
The high cost of maintenance and product may act as market challenge over the forecast period. Besides, the generation of enormous heat and power failure may also impede market growth.
COVID-19 Analysis
The COVID-19 outbreak has created ample demand for hyperscale data centers across every region. With the remote working trends, the hyperscale facilities are gaining a lot of traction. Besides, government initiatives towards the digital economy, growing investments from telecommunication and service providers, and increasing adoption of digitalization are adding market growth. Further with regards to hyperscale construction, companies such as China Telecom, OVH, Baidu, Alibaba, Microsoft, AWS, Google, Facebook, and Apple are making huge investments in the market.
Market Segmentation
The global hyperscale data center market is bifurcated based on component, services, type, tier type, design type, and vertical.
By component, the servers segment will lead the market over the forecast period.
By services, the maintenance and support segment will dominate the market over the forecast period.
By type, the cloud providers segment will spearhead the market over the forecast period.
By tier type, the hyperscale data center market is segmented into Tier 1, Tier 2, Tier 3, and Tier 4.
By design type, the hyperscale data center market is segmented into mechanical construction and electrical construction.
By vertical, the BFSI segment will have the lions share in the market over the forecast period.
Regional Analysis
North America to Steer Hyperscale Data Center Market
North America will steer the hyperscale data center market in the forecast period. Cost efficiency of the technology, the presence of different vendors, major investments in the development of cloud infrastructure, and the increasing adoption in the US are adding to the global hyperscale data center market growth in the region.
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Industry Updates
Vantage SDC Platform of DigitalBridge has acquired CA22, a Santa Clara Hyperscale Data Center.
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