Hyperscale Data Center Market Projected to Grow USD 934.9 Billion with Top Players | Cisco Systems Inc. (US), IBM Corporation (US), Huawei Technologies Co. Ltd. (China), Ericsson (Sweden), Lenovo Group Ltd. (China) and More

The Global Hyperscale Data Center Market in terms of revenue was estimated to be worth USD 82 billion and Projected to grow USD 934.9 billion at a CAGR of 25.29% to Forecast 2031, The global expansion of the data center industry is driving its growth. With businesses extending their reach internationally, there's an increased demand for robust, scalable, and geographically diverse data center facilities. Hyperscale data centers, known for their efficiency and flexibility, are meeting the needs of various industries worldwide.

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Hyperscale Data Center Market Dynamics

Drivers:

Increased Number of Data Centers

Growing demand for computing power and storage, driven by the rise in high-end applications, is leading to the development of powerful data centers. Hyperscale data centers play a crucial role in handling this complexity, fueling market growth.

The surge in organizational and consumer data volume is driving the need for high application performance, boosting the hyperscale data center market. Additionally, there's a growing emphasis on reducing capital and operational expenses, further fueling market expansion.

Factors like urbanization, industrialization, and increasing end users globally are contributing to market expansion. Moreover, the evolution of the Industrial Internet of Things (IIoT) and the adoption of smart automation solutions are expected to drive market growth.

Hyperscale Data Center Market 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),
Cyxtera Technologies Inc and Others.

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Hyperscale Data Center Market Segmentations:

By Component

Solution
Service

By End-Use

Cloud providers
Colocation providers
Enterprises

By Application

BFSI
Retail & e-commerce
Government
IT & telecom
Entertainment & media
Others

By Geography

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)

Recent Developments:

IBM, European cloud provider OVHcloud, and data management company Atempo Group are collaborating to develop a storage-as-a-service solution for data centers in Europe. There are plans to expand the service globally in the coming months. This solution, leveraging IBM's 3592 enterprise tape technologies and Atempo's Miria platform, will be hosted and operated by OVHcloud through data centers in France.

In July 2020, construction began on a significant data center campus in Utah. Novva, a data center startup, secured a US$1 billion investment and backing from the CIM Group.

Table of Contents:

Executive Summary
Market Introduction
Research Methodology
Market Dynamics
Hyperscale Data market ANALYSIS by SEGMENT (COUNTRY LEVEL ANALYSIS)
NORTH AMERICA Hyperscale Data market analysis
EUROPE Hyperscale Data market analysis
ASIA PACIFIC Hyperscale Data market analysis
Rest of the World Hyperscale Data market analysis
Company Profiles

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This release was published on openPR.