Market Highlights
The rising demand for online services such as live channels, social networking, and gaming websites is generating a hefty volume of data that needs to be stored and processed. With the fragmentary changes in data storage requirements, mounting demand for cloud computing services is being witnessed. Cloud computing offers numerous advantages such as scalability, efficiency, enhanced application performance, and flexibility requires high computational power owing to which enterprises are consolidating data centres to enhance business profitability.
The global market for hyperscale data center can touch a valuation of USD 105 billion by 2023, says Market Research Future (MRFR). MRFR, in its latest report also reveals that the market seems to exhibit signs of achieving a growth rate of 28% from 2017 to 2023, which is the forecast period.
Growing demand for cloud resources and data centres from the consumers and businesses has led to the execution of large-scale public cloud data centres. These hyperscale cloud operators are predictable to lead the cloud industry. Such factors are likely to positively impact the hyperscale data centre market profits over the forecast timespan. Hyperscale data centres have been chiefly adopted by big companies such as Amazon and Google, thus promising as one of the fastest-growing technologies in the IT infrastructure world.
Furthermore, the factors driving this market are also noted to be the application of hyperscale data centre, energy efficiency, across various industry domains, and reduced total cost of ownership. On the contrary, factors such as power failure and generation of enormous heat are some of the manacles for the world hyperscale data centre industry.
Top Market Players
Top players in the global hyperscale data centre market include IBM Corporation (US), Cisco Systems, Inc. (US), Ericsson (Sweden), Huawei Technologies Co. Ltd. (China), Cavium (US), Lenovo Group Ltd. (China), Broadcom Ltd. (US), Quanta Computer Inc. (Taiwan), Dell Inc. (US) Intel Corporation (US), and Hewlett Packard Enterprise Development LP (US).
Regional Analysis
Regionally, North-America grabbed the largest market share from countries. The reason is attributed to the growing investments for these technological solutions, adoption of these solutions by various domains and low operational cost. North America has also constituted a leading market share back in 2016 and is probable to retain its position over the forecast period. The growth was propelled by the cost-efficiency of the technology and the incidence of numerous vendors, leading to foremost investments in the development of cloud infrastructure in the region. The U.S. grabbed major markets share in North America.
Asia-Pacific region is anticipated to cultivate over the assessment period, 2017-2023. The reason is attributed to escalating data centre traffic, mounting demand for various technological solutions and rising development of IT infrastructure.
Segmentation:
The global hyperscale data center market growth has been studied thoroughly in the MRFR report, with respect to segments like type, components, data center size, deployment and industry.
The user types covered in the report are colocation providers, enterprises and cloud providers.
Component-based market segments are solution and services.
The types of solutions are storage, networking, servers, and others.
Services-wise, the segments mentioned in the report include professional and managed services. The professional services can be split into consulting, maintenance & support as well as installation and deployment.
Depending on the data center size, the market segments include large data centers and small and medium-sized data centers.
Given the deployment segment, the market caters to on-premise and on-cloud.
The hyperscale data centers are used across different industry verticals such as retail, BFSI, healthcare, IT and telecommunications, manufacturing and others.
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