Hyperscale Data Center Market Worth $585.0 Billion: Growth Trends, Key Drivers, and Competitive Landscape (2030)

According to the report published by Allied Market Research, the global hyperscale data center market generated $59.0 billion in 2020, and is estimated to generate $585.0 billion by 2030, witnessing a CAGR of 25.9% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenario, and competitive landscape.

A hyperscale data center is a facility designed to support massive amounts of data storage and processing power, typically for cloud computing and big data applications. These data centers are characterized by their enormous scale, often containing thousands or even tens of thousands of servers housed in a single location.

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Hyperscale data centers provide businesses with more data storage capacity as well as technologically upgraded servers with quicker processing capabilities. Enterprises seek colocation data centers that use the least amount of energy while having the least impact on the environment. Companies are developing novel data centers to reduce their environmental effect. Such applications promise great opportunities for the growth of the global hyperscale data center market in the coming years.

Increase in demand for data centers to improve productivity and customer experiences drive the growth of the global hyperscale data center market. In addition, need to improve the network operational efficiency positively affects the growth of the hyperscale data center market. On the contrary, high implementation costs of hyperscale data center solutions impede the market growth. However, increase in cloud dependence and industry 4.0 trends, are likely to provide lucrative prospects for hyperscale data center market expansion in the coming years.

The report offers detailed segmentation of the global hyperscale data center market based on component, user type, enterprise size, end user, application, and region.

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Based on components, the solution segment held the highest market share in 2020, accounting for around two-thirds of the total share, and is projected to maintain its leadership status during the forecast period. However, the service segment is estimated to grow at the fastest CAGR of 27.6% from 2021 to 2030.

Based on end users, the IT and Telecom segment dominated the overall hyperscale data center market share in 2020, and is expected to continue this trend during the forecast period. This is attributed as the enterprise adapts to a changed IT landscape in the rise of the digital economy. This trend will continue in 2021, as the world slowly defines the contours of the "next normal" in its battle with COVID-19. It is an enormous challenge, and an enormous opportunity, and digital infrastructure will be central to this transition.

Based on region, North America contributed the highest share in 2020, accounting for nearly two-fifths of the total share. However, Asia-Pacific is projected to manifest the largest CAGR of 30.7% during the forecast period.

Leading players of the global hyperscale data center market discussed in the research includeNlyte Software, Mellanox Technologies, Inc., SanDisk Corporation, Cavium, Inc., Avago Technologies, Cisco Systems, Inc., Hewlett-Packard Company, Ericsson, International Business Machines Corporation, and Intel Corporation.

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The COVID-19 pandemic had an overall positive affect on the growth of the global hyperscale data center market size, owing to increase in work from home and remote education trends during the period, which influenced the growth of digital and cloud dependence services, and thus supports the growth of the global hyperscale data center market. Such factors enable key players to increase their market share during the period. For instance, Microsoft Corporation announced that its cloud (Microsoft azure) segment grew by almost 60% during the early phases of the pandemic.

Key features of hyperscale data centers include:

1. Massive Scalability: They are designed to easily scale up or down in response to changing demands, allowing for rapid expansion or contraction of computing resources.

2. Efficiency: Hyperscale data centers are engineered for efficiency in terms of both energy consumption and space utilization. They often incorporate advanced cooling systems, energy-efficient hardware, and optimized layouts to minimize environmental impact and operational costs.

3. Redundancy and Reliability: These data centers typically feature redundant systems and multiple layers of failover mechanisms to ensure high availability and reliability of services.

4. Distributed Architecture: Hyperscale data centers may be geographically distributed across different regions or countries to reduce latency and improve performance for users in various locations.

5. Virtualization and Automation: Virtualization technologies and automation play a crucial role in managing and provisioning resources within hyperscale data centers, allowing for efficient allocation of computing resources and streamlined operations.

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