Hyperscale Data Center Market Size, Share, Trends, Analysis
Report 2023-2032
Hyperscale Data Center Market is expected to witness a
growth rate of 25% over 2023 and 2032, driven by rising demand for cloud
computing, increased reliance on big data analytics, and data traffic surge.
According to an article by Explodingtopics.com in 2023, with
89% adopting multi-cloud and 80% using hybrid models, 97% of IT leaders aim to
expand cloud systems. In 2022, 61% of businesses rely on one (34%) or two (27%)
clouds, highlighting the ongoing shift in cloud adoption. The need for
high-performance computing, storage, and networking capabilities to support the
latest technologies is a primary catalyst for market growth. Additionally, the
relentless rise in data traffic, coupled with the increasing adoption of
artificial intelligence and machine learning, further amplifies the demand for
hyperscale data centers.
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The hyperscale data center market is classified based on
component, end-use, application, and region.
The service component segment is set for decent growth
through 2032 owing to its vitality in successful operation of hyperscale data
centers. As organizations strive to optimize their infrastructure and ensure
seamless performance, service providers are stepping up to deliver tailored
solutions. The data center operators recognize the importance of strategic
partnerships to enhance the overall efficiency and reliability of their
operations, the services segment will flourish.
The government application segment is poised to witness
steady growth during the study period owing to the indispensability of data
centers for governmental operations. Governments worldwide are leveraging these
advanced data centers to enhance their capabilities in areas such as e-governance,
national security, and public services. The ability of hyperscale data centers
to process and analyze vast datasets in real-time is instrumental in
facilitating data-driven decision-making within government agencies. Moreover,
the heightened focus on data security and the need for robust infrastructure to
support critical applications make hyperscale data centers a strategic asset
for governments globally.
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Asia Pacific hyperscale data center market is anticipated to
witness upsurge during 2023-2032 driven by rapid digital transformation and
technological adoption. The increasing digitization of businesses, rapid
urbanization, and a burgeoning middle class are driving the demand for
hyperscale data centers in the region. Governments in countries like China and
India are actively investing in infrastructure to support the growing digital
economy.
Major players operating in the
hyperscale data center market are Alphabet Inc., Amazon Web Services, Broadcom
Ltd., Cisco Systems Inc., Dell Inc., Equinix Inc., Huawei Technologies Co.,
Ltd., IBM Corporation, Microsoft Corporation, Schneider Electric SE.
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