High spending on data center technology is a significant factor influencing growth of the market.
Market Size – USD 39.41 Billion in 2019, Market Growth – at a CAGR of 22.5%, Market Trends –Growing demand for decreasing capital expenditure
The global Hyperscale Data Centers Market is forecast to reach a market size of USD 203.05 Billion by 2027, and register a significantly high CAGR over the next seven years, according to a latest report by Reports and Data. Growing demand for hyperscale data centers can be attributed to high spending on data center technology. High power-consuming workloads – including 3D and AR/VR rendering, genome processing, big data analytics, and cryptography – require considerable computing resources for organizations that conduct their operations in the cloud. The benefits offered by hyperscale data centers in handling high-volume traffic and heavy computing workloads are attracting significant demand from several industry verticals. Demand for hyperscale data centers is expected to continue to expand in the coming years owing to constant investments in public cloud. Public cloud data center infrastructure spending witnessed a 25.0% y-o-y growth to about USD 17.00 Billion in Q2 2020.
The COVID-19 impact
Hyperscale data centers market witnessed a setback amid the COVID-19 pandemic, which is a key factor for production and procurement delays till June 2020, resulting in postponement in construction of hyperscale data centers due to lack of workforce and supply chain disruption. The pandemic has also affected new hyperscale data centers projects that were expected to start post-Q2 2020.
Key market participants include IBM Corporation, Cisco Systems Inc., Marvell, Hewlett Packard Enterprise, Huawei Technologies Co. Ltd., Dell Inc., NVIDIA Corporation, Ericsson, Lenovo, and Broadcom.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3765
Further key findings in the report
- Hyperscale data center storage solutions help in efficient storing of a vast volumes of data. Hyperscale data center storage capacity is usually in the range of petabytes.
- By industry vertical, BFSI segment accounted for the largest market size in 2019. In the BFSI sector, hyperscale data centers is in high demand for storing, securing, and handling large volumes of consumer and enterprise data, which is key to overall operational efficiency. Furthermore, numerous transactions are processed every minute in the BFSI sector, and any disruption in the process can result in major monetary losses. Thus, the BFSI sector requires effective and scalable infrastructure to cater to growing customer demands that can be efficiently handled by deploying hyperscale data centers.
- By end-use, cloud provider segment revenue is expected to grow at a significant rate over the forecast period. A major concern of every business, regardless of size and industry, is security of its data. In a cloud-based hyperscale data center, regular penetration testing is carried out by cloud provider, along with offering baseline protection for the data that is being stored.
- The hyperscale data centers market revenue in Asia Pacific is expected to register the fastest growth rate during the forecast period, due to increasing data center traffic and rising demand for IT applications in countries in the region. Also, growing demand for cloud service from small & medium enterprises and large-segment enterprises and growing deployment of hyperscale data center technologies by various industry verticals in the region is driving market growth.
To identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/hyperscale-data-centers-market
For the purpose of this report, Reports and Data has segmented the global hyperscale data centers market on the basis of offering, industry vertical, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2017-2027)
- Solution
- Service
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
- BFSI
- IT & Telecom
- Government & Defense
- Manufacturing
- Research & Academics
- Retail
- Media & Entertainment
- Healthcare
- Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Cloud Providers
- Colocation Providers
- Enterprise
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
Order Now: @ https://www.reportsanddata.com/checkout-form/3765
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Hyperscale Data Centers Market Segmentation & Impact Analysis
4.1. Hyperscale Data Centers Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.2.1. Growing demand for decreasing capital expenditure and operational expenditure
4.2.2.2. High spending on data center technology
4.2.2.3. Increase in investments in hyperscale data centers by cloud companies
4.2.2.4. Rising demand for high application performance
4.2.3. Market restraints analysis
4.2.3.1. High power consumption
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
….
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. IBM Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Cisco Systems Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Marvell
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Hewlett Packard Enterprise
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Huawei Technologies Co. Ltd.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
Continue….
Thank you for reading our report. For further query on the report and customization, please connect with us. Our team will ensure you get the report best suited for your needs.
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Media Contact
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Phone: +1-212-710-1370
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States
Website: https://www.reportsanddata.com/press-release/global-hyperscale-data-centers-market