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Hyperscale Data Center Market Business Growth, Industry Trends, Financial Planning, Sales Revenue and Forecast 2027




Market Overview

Market Research Future (MRFR) affirms that the hyper scale data centers market 2020 can touch an approximate valuation of USD 96 billion by 2023-end. MRFR also expects the market to procure a remarkable growth rate of 27% between 2017 and 2023 (evaluation period). We will provide covid-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.

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COVID-19 Analysis

In a space of a few months after the COVID-19 outbreak, the demand for hyperscale data centers has surged notably, at least in some of the key verticals. These sectors make high demand for colocation space, especially post the lockdown imposed due to the pandemic. A phenomenal surge has been observed in gaming, cloud and video streaming, which calls for establishment of hyperscale data centers. Additionally, there has been an aggressive rise in the demand for access to cloud services in the education sectors, with the closing down of colleges and schools. Despite the SARS-CoV-2 impact, hyperscale data centers are able to maintain everyday operations, albeit with multiple precautions in place.

MRFR anticipates steady momentum for the hyperscale data center industry despite the increasing spread of the novel coronavirus. It is expected that in the long run, the pandemic can compel various networks to boost their colocation deployments with the aim of making their service delivery more fortified since the world is highly dependent on network connections. To combat the adverse situation brought on by COVID-19 and also maintain their market position, key companies are adopting measures such as agreements, product launches, partnerships, to name a few.

For instance, in June 2020, Hurricane Electric and NEXTDC entered a partnership, following which Hurricane Electric extensively used Point of Presence/PoP for its Perth Data Centre. NEXTDC hyperscale data centers guarantee complete uptime, while providing a robust degree of reliability and resilience that are the top priorities for digital businesses, making it the ideal partner for Hurricane Electric.

Market Boosters and Main Restraints

The rising prevalence of online services such as live channels, gaming websites and social networking has led to generation of massive data volume that require processing and storage. With the continuously evolving data storage needs, the need for cloud computing services has risen exponentially in recent years. The high demand for cloud resources as well as Data Center Industry among businesses and consumers has boosted the use of hyperscale cloud data centers, leading to better growth prospects for the global market.

The fast penetration rate of hyperscale data centers in healthcare and manufacturing industries is likely to fuel major market expansion in the coming years. This data finds widespread applications such as e-commerce, social media, cloud computing and big data. The increasing robustness of the cloud infrastructure is also boosting the growth potential of the hyper scale data centers market.

The mounting adoption of online game hosting, Hadoop and Web 2.0 is leading to more infrastructural requirements for better energy efficiency, server density and performance, which fosters the demand for hyperscale data centers. The bolstered need for advanced and intelligent data center technologies that can meet with the growing demand for better data center performance needs, along with the rising strategic IT trends can act as a significant growth booster in the worldwide market.

Prominent Leaders

Prominent leaders in the market are Cavium (US), Intel Corporation (US), Dell Inc. (US), Hewlett Packard Enterprise Development LP (US), Cisco Systems Inc. (US), Broadcom Ltd. (US), Lenovo Group Ltd (China), IBM Corporation (US), Huawei Technologies Co. Ltd (China), Ericsson (Sweden), Quanta Computer Inc. (Taiwan), and more.

Market Segmentation

The hyper scale data center market can be considered for solutions, type as well as vertical.

The categories depending on solutions include software, storage, service, and server.

The key types specified in the study are enterprises, colocation providers and cloud providers.

Vertical-based sections included in the report are retail, energy & utilities, government and defense BFSI, manufacturing, healthcare, media and entertainment, IT & Telecommunication, and more. Out of these, the IT & Telecom vertical owns the biggest share in the market, as a result of the expansion of re-architect data centers as well as IT services. BFSI also generates high revenue in the market owing to the intensifying competition across the financial sector, surge in consumer trends and rising need for fraud detection. These aspects are leading to higher consumption of hyper scale data centers for better efficiency.

Regional Insight

The hyper scale data center industry can note significant opportunities coupled with the latest trends across the primary regions of Europe, APAC/Asia Pacific, North America, and RoW/Rest of the World.

North America is the apparent winner in the global market, given the increasing consumption of hyper scale data center solutions by diverse industries and the rising spending on these technologies. North America holds a massive number of IT giants that are growing more formidable in the hyper scale data center industry, thereby further fortifying the region?s prominence at a global level. The escalating deployment of cloud-based services and solutions can also encourage the market expansion in the region during the assessment period.

APAC?s favorable position in the global market is the result of the rapid expansion of the IT infrastructure across India and China, soaring demand for advanced technological services and the fact that the data traffic across industries is becoming more dense with time.

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About Market Research Future:

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Posted by on 2. April 2021. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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