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Hyperscale Data Centres Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | NVIDIA Corporation, Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd
Hyperscale Data Centres Market Size
The Business Research Company offers in-depth market insights through Hyperscale Data Centres Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hyperscale data centres market size has grown rapidly in recent years. It will grow from $92.85 billion in 2023 to $108.13 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to cloud computing growth, internet services expansion, data explosion, energy efficiency.
The hyperscale data centres market size is expected to see rapid growth in the next few years. It will grow to $204.92 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to increasing data volumes, edge computing expansion, cloud services, ai and machine learning. Major trends in the forecast period include cloud computing dominance, ai and machine learning, hybrid and multi-cloud strategies, software-defined data centers (sddcs).
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Market Segmentation:
The various user types of hyperscale data centers are cloud providers, colocation providers, and enterprises. The component of hyperscale data centers is solution and service. Cloud providers are software infrastructures that store data on remote servers. The various type of data center sizes is small and medium-sized data centers, and large data centers. The data can be accessed through the Internet. The different applications are manufacturing, government utilities, BFSI, IT and telecommunication, healthcare, and energy.
Major Driver - Surge In Internet Users Drives Demand For Hyperscale Data Center
The increase in the number of internet users increases the amount of data that is generated and needs to be managed and stored by hyperscale data centers. For instance, in July 2023, according to the Canadian Internet Use Survey 2022 by Statistics Canada, a Canada-based government agency for national statistics, internet usage among Canadians aged 15 and older increased from 92% in 2020 to 95% in 2022. Canadians 75 years of age and older experienced the biggest increase, going from 62% in 2020 to 72% in 2022. Increased numbers of internet users and faster wireless internet access drive the demand for hyperscale data centers market.
Competitive Landscape:
Major companies operating in the hyperscale data centres market include NVIDIA Corporation, Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., International Business Machines Corporation, Hewlett-Packard Company, Dell Inc., Orange Business Services, Cavium Inc., Lenovo Group Ltd., Hewlett-Packard Company, Intel Corporation, Western Digital Corporation, NVIDIA Corporation, Oracle Corporation, OVHcloud Company, Tencent Holdings Limited, Alibaba Group Holding Limited, Apple Inc., Microsoft Corporation, Meta Platforms Inc., Equinix Inc., Digital Realty Trust Inc., CyrusOne Inc., NTT Communications Corporation, Interxion Holding N.V., Global Switch Holdings Limited, CoreSite Realty Corporation, QTS Realty Trust Inc., Switch Inc., Iron Mountain Incorporated, Cologix Inc., Cyxtera Technologies Inc., Zayo Group Holdings Inc., CenturyLink Inc., AT&T Inc., Verizon Communications Inc.
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Top Trend - Sustainability Initiatives And Investments In Hyperscale Data Centers
The major players operating in the hyperscale data market are investing in finding alternatives to meet their high-power requirements for existing and new facilities across the globe to reduce their carbon footprint. The leading data center providers are purchasing clean, renewable energy sources. For instance, Apple, announced for an investment of over $921 million for the construction of a hyperscale infrastructure facility in Denmark that will entirely operate on renewable energy sources. Similarly, Google announced plans to invest around $700 million for a data center in Denmark that will make use of renewable energy generated through power purchase agreements (PPAs).
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hyperscale Data Centres Market Characteristics
3. Hyperscale Data Centres Market Trends And Strategies
4. Hyperscale Data Centres Market - Macro Economic Scenario
5. Hyperscale Data Centres Market Size And Growth
…..
27. Hyperscale Data Centres Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Hyperscale data centers, with their enormous computing, storage, and bandwidth capacities, as well as their potential to handle enormous volumes of data transfers, have revolutionized the data center industry.
Major Companies operating in the Hyperscale Data Center are
1. ABB Ltd
2. Dell Inc
3. EdgeConneX Inc
4. Cisco Systems Inc
5. International Business Machines Corp
6. Fujitsu Ltd
7. Hewlett Packard Enterprise Development LP
8. Intel Corporation
9. Juniper Networks Inc
10. Schneider Electric SE
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