The hyperscale data center market is anticipated to grow at a CAGR of 21.5% during the forecast period. Hyperscale data centers are advanced data centers that are customized for the requirement of the organization. The factors such as demand for higher energy efficiency, need for decrease in total cost of ownership and growing open compute project are fuelling the growth of the hyper-scale data center industry. Moreover, the rising popularity of cloud-based infrastructure across different organization levels propels the market growth during the forecast period. Due to the development of technology, there has been a considerable transition in the business model for end-user industries.
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Furthermore, rising demand for online services includes live channels, social networking, and gaming websites is generating a high volume of data that needs to be stored and processed, thus create demand for advanced data centers across the globe. With the ongoing changes in the requirement of data storage, increasing demand for cloud computing services is expected. Cloud computing provides different benefits that includes improved application performance, flexibility, efficiency, scalability and require large computational power due to which organization are consolidating their data center to improve business profitability. Rising demand for cloud resources and data centers from the consumers and business has resulted in the implementation of large scale public cloud data centers. These hyper-scale cloud operators are expected to boosting the cloud industry. Such factors are expected to have positive impact on the market during the forecast period.
Hyperscale data centers are designed to offer scalable compute architecture. The architecture is established from small, individual servers, storage solutions, and networking. These nodes are making groups and monitor as a single entity. The idea behind hyperscale architecture development is to start with small infrastructure to keep the investment as low as possible. Hyperscale data centers have been adopted by big companies includes Google, Baidu and Amazon, thereby is emerging as the fastest growing technologies in the IT infrastructure across the globe. However, power failure and the generation of large quantity heat hamper the growth of the market.
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Global Hyperscale Data Center Market Segmentation
By Component
· Solution
· Server
· Storage
· Networking
· Software
· Service
· Maintenance & Support
· Monitoring Services
· Installation & Deployment
By End-User
· Banking & Financial Services
· Healthcare
· IT & Telecommunication
· Entertainment & Media
· Manufacturing
· Government
· Other
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
