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Cloud Computing Is Fastest Growing Segment Fueling The Growth Of Hyperscale Data Center Market

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Leena Shedmake
Cloud Computing Is Fastest Growing Segment Fueling The Growth Of Hyperscale Data Center Market

The global Hyperscale Data Center Market is estimated to be valued at US$ 87.87 Bn in 2023 and is expected to exhibit a CAGR of 30% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.



Market Overview:


Hyperscale data centers are large facilities that provide advanced data storage and analytics capabilities for enterprises and service providers. Hyperscale data centers provide high computing power, storage capacity, and network connectivity for customers' data-intensive applications and data processing requirements.



Market key trends:


The increasing popularity of cloud-based services and the trend of digital transformation across various industries are the key drivers boosting the growth of hyperscale data centers. They provide advanced solutions to enterprises for managing massive amounts of unstructured data generated due to the rise of social media, web 2.0 technologies, analytics, and IoT. Hyperscale data centers deliver reliable, scalable, and cost-effective infrastructure for various data-centric workloads. They leverage the latest technologies like AI, ML, and big data analytics for deeper data insights. Their utility and content delivery networks help disburse heavy content across a wide network of users concurrently.


Segment Analysis


The global hyperscale data center market is dominated by large, wholesale facilities that support hyperscale client deployment needs. These large facilities, also referred to as hyperscale data centers, have an electrical infrastructure capacity of 15+ megawatts and often house hundreds of thousands of servers. Hyperscale data centers are built to support the deployment of public cloud services, internet content delivery, and other bandwidth- and compute-intensive services. Their size, scale, and workload capacity enable cloud and internet giants such as AWS, Microsoft Azure, Google Cloud, Facebook, and Netflix to power their global cloud computing infrastructures. The growth in demand for public cloud, online content delivery, and internet services has fueled the rapidly rising deployment of hyperscale data centers around the world in recent years.



Key Takeaways


The Global Hyperscale Data Center Market Demand is expected to witness high growth, exhibiting a CAGR of 30% over the forecast period, due to increasing demand for cloud computing and data analytics services among enterprises. The market size for 2023 is US$ 87.87 Bn.


Regional analysis: North America currently dominates the global hyperscale data center market, accounting for over 35% share. However, Asia Pacific region is emerging as the fastest growing regional market, driven by growing Chinese cloud service providers and internet companies investing heavily in new data center construction.


Key players: Key players operating in the hyperscale data center market include Aecom, DPR Construction, Holder Construction, Jacobs, Bouygues Construction, Mercury, Arup, and Benthem Crouwel Architects. These companies are among the top data center contractors globally, specializing in hyperscale data center design and build services for cloud and internet majors.


Read More - https://www.pressreleasebulletin.com/hyperscale-data-center-market-share-size-and-growth-share-trends-analysis-demand-forecast/ 

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