Hyperscale Data Center Market worth over $60bn by 2027

Hyperscale Data Center Market Size is set to surpass USD 60 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Increasing demand for advanced IT infrastructure will foster the demand for hyper-scale data centers. Organizations in the industry rely on technologies, such as AI, IoT, cloud computing & machine learning, to increase the efficiency of the offices. The integration of technologies has supported industries in data management, cybersecurity, and remote accessibility & information transfer. This factor has increased the rate of data traffic in various sectors including BFSI, IT & entertainment, thus increasing the demand for high-end infrastructure for proper information management. The growing requirement for advanced backend systems will drive the market growth in the coming years.
 

The coronavirus (COVID-19) pandemic has supported the demand for hyper-scale data centers. The spread of the virus has resulted in stringent government lockdown measures & travel restrictions. This factor has led to an increase in the utilization of digital services for contactless payment, virtual meeting, online streaming, and e-commerce & grocery shopping applications. The rapid changes in the market condition due to sudden dependency on digital solutions has encouraged companies to focus on data management & security, thus propelling the industry growth.
 

Advancements in technology to improve the efficiency of the system will stimulate the hyperscale data center market expansion

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The growing focus on technology upgrades will augment the market demand. To offer advanced solutions to end-users & boost the acceleration of R&D activities, companies in the sector are forming strategic collaborations. Companies are implementing Submer’s precision cooling method & Intel Xeon-based immersion enhanced server board to establish the reutilization of heat waste generated from the compute elements in the data centers. It will support facility owners to eliminate cooling costs and reduce the overall operational costs. The technology will accelerate the adoption of immersion-based cooling in the segment.
 

Browse key industry insights spread across xx pages with xx market data tables and xx figures & charts from the report, “Hyperscale Data Center Market Size By Component (Solution {Cooling, Power, IT Racks & Enclosures, LV/MV Distribution, Networking Equipment, DCIM}, Service {Installation & Deployment, Maintenance & Support, Monitoring Services}), By End-Use (Cloud Providers, Colocation Providers, Enterprises), By Application (BFSI, Government, IT & Telecom, Entertainment & Media, Retail & e-commerce), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hyperscale-data-center-market
 

The expanding IT &Telecom sector to support the hyperscale data center market value

The IT & Telecom sector is projected to witness 18% growth rate through 2027. Government authorities are focusing on developing their domestic infrastructure to support the growing demand for digital transformation from companies and individuals. Growing government initiatives to support the sector will attract global brands to invest in the region, thus supporting the industry demand of hyper-scale data centers.
 

Increasing competition from different companies will influence the hyper-scale data center demand in Europe

Increasing data center traffic owing to the growing utilization of digital solutions across individuals and small & medium enterprises has encouraged several companies to invest in the region to capture hyperscale data center market share. Technology providers are expanding their presence through the acquisition of existing centers or the launch of new facilities. The increasing number of players will support the industry revenue.
 

Companies are focusing on R&D to launch innovative solutions

Prominent leaders operating in the market include Intel Corporation, Schneider Electric SE, Lenovo Group Ltd., NVIDIA Corporation, Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Huawei Technologies Co., Ltd., Dell, Inc., Nlyte Software, and Broadcom Ltd. Participants are focusing on developing innovative technologies in the market to offer a differentiated product offering.