NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global hyperscale data center market size is estimated
to grow by USD 371.3 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 37.58% during the forecast
period. Rising demand for data center colocation
facilities is driving market growth, with a trend
towards growing infrastructure innovations.
However, consolidation of data centers poses a
challenge. Key market players include Alphabet Inc., Amazon.com
Inc., Broadcom Inc., Cisco Systems Inc., CtrlS Datacenters Ltd.,
CyrusOne LLC, Dell Technologies Inc., Equinix Inc., Hewlett Packard
Enterprise Co., Inspur Systems Inc., Intel Corp., International
Business Machines Corp., Microsoft Corp., Nippon Telegraph and
Telephone Corp., NVIDIA Corp., Oracle Corp., QTS Realty Trust LLC,
Schneider Electric SE, Telefonaktiebolaget LM Ericsson, and Viavi
Solutions Inc..
![Technavio has announced its latest market research report titled Global hyperscale data center market 2024-2028 Technavio has announced its latest market research report titled Global hyperscale data center market 2024-2028](https://mma.prnewswire.com/media/2440109/IRTNTR43498_bw2.jpg)
Get a detailed analysis on regions, market segments, customer
landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Critical
infrastructure and Support infrastructure), End-user (BFSI, Energy,
IT, and Others), and Geography (North America, APAC, Europe, South
America, and Middle East and Africa)
|
Region
Covered
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Alphabet Inc.,
Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., CtrlS
Datacenters Ltd., CyrusOne LLC, Dell Technologies Inc., Equinix
Inc., Hewlett Packard Enterprise Co., Inspur Systems Inc., Intel
Corp., International Business Machines Corp., Microsoft Corp.,
Nippon Telegraph and Telephone Corp., NVIDIA Corp., Oracle Corp.,
QTS Realty Trust LLC, Schneider Electric SE, Telefonaktiebolaget LM
Ericsson, and Viavi Solutions Inc.
|
Key Market Trends Fueling Growth
The hyperscale data center market is experiencing significant
growth due to advancements in infrastructure technology.
Microservers are poised to replace blade servers, while flash
storage and 100 Gb Ethernet are expected to supersede traditional
storage. Cooling methods like free cooling, aisle containment, and
liquid immersion cooling are being adopted to minimize IT equipment
heat exhaust. Rack modifications include improved flexibility and
in-rack cooling installations for better cable management. Vendors
are innovating with rack-embedded PDUs and multi-mode UPS systems
for enhanced performance. These infrastructure improvements are key
trends driving the expansion of the global hyperscale data center
market.
The hyperscale data center market is experiencing significant
growth, driven by the increasing demand for cloud services and the
need for businesses to digitally transform. Companies are investing
in data centers to support their expanding operations and improve
their infrastructure. Sizes vary from small to large, with some
data centers being able to handle petabytes of data. Providers
offer various services such as colocation, provisioning, and
connectivity. Markets in the US and Europe are leading the way, with China and India also showing strong growth. Data centers
are crucial for businesses to store, manage, and access their data
efficiently and securely. The use of advanced technologies like AI
and machine learning is also increasing to optimize operations and
enhance security. Overall, the hyperscale data center market is a
dynamic and evolving sector that is essential for businesses in
today's digital economy.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- Data center consolidation is a significant trend in the
business world, driven by cost savings, improved security, and
efficiency. Consolidation, facilitated by virtualization, reduces
operational expenses and capital expenditures. However, the process
involves risks and challenges, including the need for expertise and
time. The consolidation of data centers can hinder infrastructure
sales and reduce the overall footprint of data centers. Despite
these challenges, the federal government continues to pursue data
center consolidation to optimize costs and resources.
- The hyperscale data center market is experiencing significant
growth due to the increasing demand for cloud services and digital
transformation. However, this growth brings challenges. One
challenge is the need for massive capacity and power to support
large-scale data centers. Another challenge is the complexity of
managing and securing vast amounts of data. Additionally, there is
the issue of energy consumption and the need for sustainable
solutions. Furthermore, the market is competitive, with various
players offering similar services. Lastly, the cost of building and
maintaining hyperscale data centers is high. These challenges
require innovative solutions and strategic planning to ensure the
success of hyperscale data center providers.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This hyperscale data center market report extensively covers
market segmentation by
- Type
- 1.1 Critical infrastructure
- 1.2 Support infrastructure
- End-user
- 2.1 BFSI
- 2.2 Energy
- 2.3 IT
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Critical infrastructure- The Hyperscale Data
Center Market is experiencing significant growth due to the
increasing demand for cloud services and digital transformation.
Companies are investing heavily in building and expanding their
data center infrastructure to support their growing digital needs.
Hyperscale data centers offer cost savings through economies of
scale and improved operational efficiency. These large-scale
facilities are designed to house thousands of servers and offer
high levels of reliability and redundancy. The market is expected
to continue growing as more businesses move their operations online
and require the infrastructure to support their digital
initiatives.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Hyperscale Data Center Market is experiencing significant
growth due to the increasing demand for IP data traffic,
particularly from Over-The-Top (OTT) applications and the Internet
of Things (IoT). Big Data and its analysis are driving the need for
advanced Network Gateway Firewalls (NGFWs) and Cloud-based
solutions. Small and Medium Enterprises (SMEs) are also adopting
these technologies, fueled by increasing IT spending on Cloud
services. Sustainability is a key consideration, with a shift
towards Green data centers using renewable energy sources such as
Solarvest and Centexs. Infrastructure components, including Data
Center Size, are being optimized for Financial Services and other
industries. Market Advantages include cost savings, scalability,
and flexibility, while Market Opportunities lie in emerging
economies and industries. Market Restraints and Challenges include
security concerns, regulatory issues, and Capital Expenditure
requirements. Cloud Providers continue to innovate, offering
advanced features and services to meet these demands.
Market Research Overview
The Hyperscale Data Center Market refers to large-scale data
center facilities designed to support the infrastructure needs of
cloud computing companies and other technology organizations. These
data centers prioritize scalability, efficiency, and flexibility to
accommodate the dynamic nature of hyperscale IT environments. They
typically employ advanced technologies such as containerization,
automation, and high-density computing to optimize resource
utilization and reduce operational costs. The market for hyperscale
data centers is experiencing significant growth due to the
increasing demand for cloud services and the digital transformation
initiatives of businesses across various industries. Key features
of hyperscale data centers include their massive size, modular
design, and the use of renewable energy sources to minimize carbon
footprint.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Critical Infrastructure
- Support Infrastructure
- End-user
-
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hyperscale-data-center-market-size-is-set-to-grow-by-usd-371-3-billion-from-2024-2028--rising-demand-for-data-center-colocation-facilities-to-boost-the-market-growth-technavio-302174023.html
SOURCE Technavio