Hyperscale Data Center Market: Current Analysis and Forecast (2022-2028)

The Global Hyperscale Data Center Market is expected to grow at a significant rate of around 26% during the forecast period. Hyperscale Data Centers are advanced buildings that provide the space, power, cooling, and network infrastructure required to support the mass-scale requirements of data and cloud computing. The increasing internet usage along with the rising in the number of OTT platforms is attributed to the market growth of hyper-scale data centers. Furthermore, the rising internet penetration and increasing usage of social networking sites increase the need for the installation of large data centers. For instance, Facebook generates 4 petabytes of data daily which equates to 4 million gigabytes daily.

BASF SE, Futamura Group, Walki Group Oy, BioBag International AS, Avery Dennison Corporation, Novamont S.p.A., Plascon Group, Taghleef Industries, Clondalkin Group, and Groupe Barbier are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst component, services category to witness higher CAGR during the forecast period"

Based on components, the market is categorized into solutions and services. Among these, the service segment has a significant share in the hyperscale data center market due to the rising need for improved working efficiency and to mitigate security threats. Furthermore, frequent service launches along with the increasing efforts to reduce the capital cost are the important reasons for the segmental growth. For instance, in May 2022, NTT Ltd. in India announced the launch of its new hyperscale data center campus in Navi Mumbai with the first data center - NAV1A.

"Amongst end-user, the IT & telecom to hold a significant share in the market in 2020"

Based on end-user, the market is categorized into BFSI, IT & telecom, government, energy & utilities, and others. Among these, IT & telecom has a considerable share in the hyperscale data center market. The rapidly rising telecom industry due to the increasing usage of the internet along with the rapidly growing IT industries are the important factor for the growth of the IT & telecom sector in the hyper-scale data center market. For instance, as per the TRAI report April - June 2021, the Internet subscriber base is comprised of a broadband internet subscriber base of 792.78 million and a narrowband Internet subscriber base of 40.93 million.

"North America to hold a significant share in the market"

For a better understanding of the market adoption of the hyperscale data center industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. In 2020, North America held a significant share of the global hyperscale data center market. The higher investment in the IT sector along with the presence of the major market players in the region are important factors for the growth of the market in North America. For instance, for the 2021 fiscal year, the U.S. federal government has budgeted USD 92.2 billion for federal IT spending. Civilian agencies accounted for USD 54.4 billion of federal IT spending, and the Department of Defense was the agency with the single biggest funding at USD 38.8 billion.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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