High spending on data center technology is a significant factor influencing growth of the market.
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.
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Further key findings in the report
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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)
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
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Regional Outlook (Revenue, USD Billion; 2017-2027)
Finally, all aspects of the Hyperscale Data Centers market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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