PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1094384
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1094384
According to Stratistics MRC, the Global Hyperscale Data Center Market is accounted for $63.85 billion in 2021 and is expected to reach $292.72 billion by 2028 growing at a CAGR of 24.3% during the forecast period. Hyperscale data center solution is designed to offer a single massively scalable compute architecture that is developed from individual servers called nodes that offer storage, software components, and networking.
Hyperscale infrastructure is built to provide better performance. Energy efficiency is the main component that drives the hyper-scale data center market, as all businesses strive to develop their total energy efficiency. The hyper-scale data centers can assist with fulfilling the need for high application performance. Organizations seek data centers that utilize the smallest amount of energy while having less impact on the environment. In data centers, high-density blade servers, and storage systems provide higher computation capability per Watt of energy consumption.
Increasing infrastructural overheads are restraining the growth of the hyper scale data center market. The overhead means the ongoing expense of an organization. If the overheads are rising, then it will be difficult for an organization to get other services for a company.
Implementation of hyper-scale data centers reduces the total cost of ownership owing to optimal hardware infrastructure utilization, effective allocation of system workloads, and process transformation. Hyperscale data center architectures are by now being utilized across colocation data centers because of their low cost and great performance. Hyperscale data center architecture assists enterprises in lowering their colocation data center OPEX and CAPEX.
The banking, financial services, and insurance (BFSI) segment are estimated to have a lucrative growth as the banking, financial services, and insurance industry is investing a lot in data center facilities to maintain pace with the competitors and is concentrating on cloud solutions owing to the cost-effectiveness and agility provided by these solutions.
The colocation providers segment is anticipated to witness the fastest CAGR growth during the forecast period due to the high demand for efficient data traffic management solutions. Hyperscale data centers provide the interconnection, security, and reliability that are essential for colocation service providers, scaling efficiently with the changing or increasing business needs.
Asia Pacific is projected to hold the largest market share during the forecast period due to the increasing number of cloud data centers and the rise in the number of institutions adopting cloud computing technologies in the region. Large enterprises are establishing data centers in the region in because of the increasing penetration of digitalization.
North America is projected to have the highest CAGR over the forecast period owing to the presence of various developing countries and the growing number of data centers. Adoption of cloud-based computing is rapidly increasing, owing to which, data centers are increasing in the country.
Some of the key players profiled in the Hyperscale Data Center Market include: Quanta Computer Inc., NVIDIA Corporation, Lenovo Group Ltd., Intel Corporation, Huawei Technologies Co. Ltd., Cisco Systems, Ericsson, Dell Inc, Hewlett Packard Enterprise Development LP, Cavium, Broadcom Ltd., IBM Corporation and Microsoft Corporation.
In Jan 2020, Microsoft Corporation partnered with AT&T for enabling next-generation solutions on the edge. The partnership is aimed at enabling new 5G, cloud, and edge computing solutions to drive enterprise capabilities for companies around the world.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.