Categories: Market Research

Hyperscale Data Centers Market Drivers, Demand, Insights 2024-2033

The hyperscale data centers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Hyperscale Data Centers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

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 growth in the historic period can be attributed to cloud computing growth, internet services expansion, data explosion, energy efficiency.

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%. The growth in the forecast period can be attributed to increasing data volumes, edge computing expansion, cloud services, ai and machine learning. Major trends in the forecast period include cloud computing dominance, ai and machine learning, hybrid and multi-cloud strategies, software-defined data centers (sddcs).

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Scope Of Hyperscale Data Centers Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Hyperscale Data Centers Market Overview

Market Drivers –

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.

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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Regional Insights –

The Asia-Pacific was the largest region in the hyperscale data centers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the hyperscale data centers market report analysis during the forecast period. The regions covered in the hyperscale data centres market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies –

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.

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