HYPERSCALE DATA CENTERS MARKET TRENDS AND DRIVERS FOR 2024-2033
The Business Research
Company’s “Hyperscale Data Centers Global Market Report 2024 is a
comprehensive source of information that covers every facet of the market. As per
TBRC’s market forecast, the hyperscale data centers market size is predicted to
reach the hyperscale data Centers 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 Centers 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 hyperscale data centers market is due to the growth of
cloud-based services. Asia-Pacific region is expected to hold the largest
hyperscale data centers market share. Major players in the hyperscale data
centers market include NVIDIA Corporation, Cisco Systems Inc.,
Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., International
Business Machines Corporation.
Hyperscale data centers are massive business-critical facilities
designed to efficiently support scalable and robust applications.
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.
Leave A Comment