Future Analysis For Hyper Scale Data Center Market Forecast By 2020 – 2027
Market Analysis
The global Hyper Scale Data Center Market will grow at a stellar 27% CAGR in the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Hyper scale data center is a form of data center that supports and manages the massive number of virtual and physical server at a time. These can be customized as per the necessity and can be simply integrated with the existing infrastructure of the organization that keeps the data safe and secure.
Various factors are fuelling the global hyper scale data center market demand. As per the recent MRFR market estimates, such factors include the increasing need for high performance of applications, high spending in the hyper scale data center technologies, reduction in capital, fall in operational expenditures, growing needs for high performance applications, increasing number of users choosing such technological solutions, increasing applications of such data centers in different sectors, power efficiency, increasing data center technology spending, increased infrastructural overheads, increasing computing, storage resources, memory, and computing, the demand in distributed or grid computing environments. The additional factors adding market growth include the increasing need for high application performance, growing need for online services like gaming websites, live channels, and social networking, the ongoing changes in data storage needs, growing need for cloud computing services, the awareness of the different benefits of hyper scale data centers such as flexibility, scalability, efficiency, and application performance, growing demand during COVID-19 pandemic, and growing demand for data centers and cloud resources from businesses and consumers that has led to the implementation of large-scale public cloud data centers.
On the contrary, storage challenge for hyper scale data centers, power failure, rising generation of heat from such technological solutions, high investment and installation costs, and increased infrastructural overheads may limit the global hyper scale data center market growth over the forecast period.
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Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global hyper scale data center market based on solutions and vertical.
By solutions, the global hyper scale data center market is segmented into server, storage, service and software. Of these, the storage segment will lead the market over the forecast period.
By vertical, the global hyper scale data center market is segmented into healthcare, media and entertainment, manufacturing, BFSI, retail, IT and telecommunication, government and defense, energy and utilities, and others. Of these, the BFSI segment will dominate the market over the forecast period.
Regional Analysis
Based on region, the global hyper scale data center market covers the recent trends and growth opportunity across Europe, North America, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America will command the market over the forecast period. Increasing investments for the technological solutions and uses of these solutions by affordable operational cost, cost-efficiency of the technology, the presence of several vendors, major investments in the development of cloud infrastructure, low operational cost, the adoption of such solutions by different domains, increasing investments for such technological solutions, the presence of several IT industry giants, and the increasing use of cloud-based solutions are adding to the global hyper scale data center market growth in the region.
In the APAC region, the global hyper scale data center market is predicted to have healthy growth over the forecast period. Increasing data center traffic, growing need for different technological solutions, the growth of the IT infrastructure, and the growth of consumer electronics are adding to the global hyper scale data center market growth in the region.
Key Players
The leading players profiled in the global hyper scale data center market report include Cisco Systems, Inc. (the US), Quanta Computer Inc. (Taiwan), Intel Corporation (US), Broadcom Ltd. (US), Cavium (US), Ericsson (Sweden), IBM Corporation (US), Lenovo Group Ltd. (China), Dell Inc. (US), and Huawei Technologies Co. Ltd. (China), among others.
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