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Hyperscale Data Centers Global Market Report 2024 - By Report, Share, Industry Trends, Demand, Forecast To 2033
Hyperscale Data Centers Market
As per the report, 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 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%.
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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.
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 hyperscale data centres market covered in this report is segmented -
1) By Type: Cloud Providers, Colocation Providers, Enterprises
2) By Component: Solution, Service
3) By Application: Manufacturing, Government Utilities, BFSI, IT & Telecommunication, Healthcare, Energy
Sub-Segments
By Data Center Size: Small and Medium-sized Data Centers, Large Data Centers
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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.
Contents of the report:
1. Executive Summary
2. Hyperscale Data Centers Market Report Structure
3. Hyperscale Data Centers Market Trends And Strategies
4. Hyperscale Data Centers Market - Macro Economic Scenario
5. Hyperscale Data Centers Market Size And Growth
…..
27. Hyperscale Data Centers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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