The global hyperscale data center market is anticipated to grow at a significant CAGR during the forecast period 2024-2031. Hyperscale data center is designed with nodes that include small and individual servers to offer a large-scale computing architecture to deliver a significant solution including storage, computing, and networking processes. The nodes present in this system are aggregated and combined together to manage the operations as a single entity. This hyperscale data center is one of the fastest-growing technologies and is widely adopted by IT infrastructures across the globe that contributes as a dominant factor to drive the market growth during the forecast period.
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The rising trend for digitalization and initiatives in the government and defense sector are expected to boost the market growth. The increasing adoption of hyperscale data center in various small and medium-sized enterprises is creating enormous opportunities for market growth. Growing investment in data center technology and rising demand for high application performance are some additional factors that contribute significantly to the growth of the global hyperscale data center market during the forecast period.
Some key players present in the global hyperscale data center market include Intel Corp., Western Digital Corp., and Quanta Computer lnc., among others adopted enormous strategies to stay competitive in the market. Product launches, mergers & acquisitions, research & developments, technological advancement, product expansion, and others are some key strategies adopted by the global hyperscale data center market. For instance, in January 2020, Microsoft Corp. merges with AT&T. The acquisition behind this collaboration is to enable next-generation solutions in the market. The collaboration witnessed to deliver an improved and innovative 5G, cloud, and edge computing solutions to leverage the enterprises’ capabilities across the world.
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Market Coverage
- Segment Covered-
o By Application
o By Component
o By User Type
- Competitive Landscape- Intel Corp., Western Digital Corp., and Quanta Computer lnc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hyperscale Data Center Market Report Segmentation
By Application
- IT & Telecom
- BFSI
- Government Utilities
- Healthcare
- Energy
- Manufacturing
- Others
By Component
- Server
- Networking
- Others
By User Type
- Cloud Providers
- Colocation Providers
- Enterprises
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