Hyperscale Data Center Market Worth to Outgrow by USD 77038.38 MN By 2027
Posted On May 20, 2021
According to the research report by Value Market Research, the Global Hyperscale Data Center Market is likely to grow to USD 77038.38 MN by 2027 with a CAGR of 20% during the year 2021-2027. The skyrocketing demand for cloud-based digital services and the rising need for secure and reliable data centers is the main driver for the hyperscale data center market. The growing investment in new processors, cloud storage, edge computing, and 5G by hyperdata center vendors will benefit market growth. Many modern companies being built around a vast data-driven ecosystem will further propel market growth. The high demand for cloud computing infrastructure with a unique combination of energy efficiency and IoT functionality in various applications like 3D rendering, big data analytics, genome processing, virtual reality workloads, and cryptography will enhance the market growth. The increased investment in solar and wind power to accelerate renewable energy strategy to power cloud data centers will be a market booster. The challenges faced by this market are maintenance issues and high-power demands.
Hyperscale data center is a facility housing more than 5000 computer servers and related components, like storage systems and telecommunications, and is built over 10,000 square feet. These data centers employ an ultra-high-speed, high fiber count network. In HDCs, fewer tech experts are used, but much of the technology is automated. Any hyper-scale data center follows an architecture that allows for a homogenous scale-out of greenfield applications, an enormous, disintegrated infrastructure of higher-density, and power optimization. These data centers pursue self-healing automation which enables significant efficiency from the data. They offer robust, scalable storage portfolios and applications to individuals or businesses.
"Global Hyperscale Data Center Market Report By Type (By Component (Solution, Server, Storage, Networking, Software) Service (Consulting, Installation And Deployment, Maintenance And Support), By Industry (Banking, Financial Services, And Insurance (BFSI), IT And Telecom, Research And Academics, Government And Defense, Retail, Manufacturing, Healthcare, Media And Entertainment, Others (Energy And Utilities, And Transportation And Logistics) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.
On the basis of component the market is segmented into [Solution (Server, Storage, Networking, Software), Service(Consulting, Installation and Deployment, Maintenance and Support)]. By Industry the hyperscale data center market is categorised as Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Research and Academics, Government and Defense, Retail, Manufacturing, Healthcare, Media and Entertainment, Others.By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Hyperscale Data Center is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Hyperscale Data Center Market -
- Installation and Deployment
- Maintenance and Support
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Research and Academics
- Government and Defense
- Media and Entertainment
- Others (Energy and Utilities, and Transportation and Logistics)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Dell Inc., Quanta Computer Inc., Hewlett Packard Enterprise Development LP, Cavium, IBM Corporation, Cisco Systems, Inc., Ericsson, NVIDIA Corporation, Huawei Technologies Co. Ltd., Lenovo Group Ltd., Quanta Computer Inc., Broadcom Ltd., and Intel Corporation.
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