Governments worldwide are propelling the global hyperscale data center market by advocating digitalization and supporting data center deployment. Special economic zones and industrial parks have been established to foster data center growth. Tax incentives extended to large and small-to-medium enterprises are driving hyperscale data center development. This government backing is instrumental in boosting the industry, incentivizing expansion, and shaping the evolving landscape of hyper-scale data centers globally.
According to Data Bridge Market Research, the Global Hyperscale Data Center Market was valued at USD 65.64 billion in 2021 and is expected to reach USD 398.57 billion by 2029, registering a CAGR of 25.29% during the forecast period of 2022-2029.
“Growing number of data centers worldwide drive the market growth”
The global hyperscale data center market is driven by the growing number of data centers worldwide. As businesses increasingly rely on digital operations and data-intensive applications, the demand for scalable and efficient data storage solutions has surged. Hyperscale data centers provide the capacity to handle massive data volumes, delivering high performance and seamless scalability. This rise in demand for data center services has propelled the establishment of more hyperscale facilities to accommodate the evolving needs of industries, contributing significantly to the market's expansion and potential for future growth.
What restraints the growth of the global hyperscale data center market?
“High costs and substantial investment requirements”
The global hyperscale data center market faces the restraint of high costs and substantial investment requirements. Establishing and maintaining hyperscale data centers demand significant financial resources due to the need for advanced infrastructure, cutting-edge technology, and robust security measures. These substantial initial and ongoing expenses can deter smaller players from entering the market and pose challenges even for established companies. The capital-intensive nature of building and operating hyperscale data centers can hinder market growth, particularly for organizations with limited financial capacity, impacting their ability to compete and expand in this competitive landscape.
Segmentation: Global Hyperscale Data Center Market
The hyperscale data center market is segmented on the basis of infrastructure, component, data center size, application, and end user.
- On the basis of infrastructure, the hyperscale data center market is segmented into IT infrastructure, electrical infrastructure, mechanical infrastructure, and general construction.
- On the basis of component, the hyperscale data center market is segmented into solutions, and services.
- On the basis of data center size, the hyperscale data center market is segmented into small and medium-sized data centers, and large data centers.
- On the basis of application, the hyperscale data center market is segmented into banking, financial services, insurance, IT and telecom, research and academics, government and defense, retail, manufacturing, healthcare, and others.
- On the basis of end user, the hyperscale data center market is segmented into cloud providers, colocation providers, and enterprises.
Regional Insights: North America dominates the Global Hyperscale Data Center Market
North America leads the hyperscale data center market, fueled by substantial investments in futuristic technologies and a rising trend of cost-efficient operations. The region's advanced infrastructure further solidifies its dominance, making it a pivotal hub for hyper scale data centers.
Asia-Pacific exhibits remarkable growth potential, poised to achieve the highest growth rate in the forecast period. This projection stems from an increasing number of data centers, expanding IT infrastructure, and the significant presence of key industry players. The region's burgeoning development positions it as a hub for future hyperscale data center expansion.
To know more about the study visit, https://www.databridgemarketresearch.com/es/reports/global-hyperscale-data-center-market
Recent Developments in Global Hyperscale Data Center Market
- In July 2020, IBM, European cloud provider OVHcloud, and data management firm Atempo Group announced the development of a storage-as-a-service solution for European data centers. Leveraging IBM's 3592 enterprise tape technologies and Atempo's Miria platform, the service will be hosted by OVHcloud in French data centers. The plan includes a global rollout in subsequent months.
- In July 2020, data centre startup Novva embarked on constructing a significant data centre campus in Utah. The endeavor received a substantial US$1 billion investment and support from CIM Group, signifying a major boost to Novva's expansion efforts and advancements in data center infrastructure.
The Prominent Key Players Operating in the Global Hyperscale Data Center Market Include:
- Intel Corporation (U.S.)
- Cisco Systems Inc. (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Marvell (U.S.)
- IBM (U.S.)
- NVIDIA Corporation (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Equinix, Inc. (U.S.)
- Apple Inc. (U.S.)
- NTT Communications Corporation (Japan)
- Microsoft (U.S.)
- Dell (U.S.)
- VIAVI Solutions Inc. (U.S.)
- QTS Realty Trust, Inc. (U.S.)
- Inspur (China)
- Western Digital Corporation (U.S.)
- Schneider Electric (France)
- Broadcom (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global hyperscale data center market companies contact, https://www.databridgemarketresearch.com/es/contact
Research Methodology: Global Hyperscale Data Center Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
