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Analysis of Hyperscale Data Center Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~29.32% During 2023-2035 and Attain ~USD 1786.7 Billion by 2035 Research Nester assesses the growth and market size of the global hyperscale data center market which is anticipated to be on account of the growing importance of hyperscale data centers with the rising need to process the increasing volume of data produced every single moment worldwide. New York –April 27, 2023 - Research Nester’s recent market research analysis on “Hyperscale Data Center Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global hyperscale data center market in terms of market segmentation by solution, user type, industry, and by region. Growing Digitalization of Businesses, Products, and Services to Promote Global Market Share ofHyperscale Data Center Market Hyperscale Data Center The global hyperscale data center market is estimated to grow majorly on account of the growing digital transformation of business around the world along with the rising need for more efficient, scalable, and flexible data centers. For instance, the global investment in digital transformation between the years 2022 to 2025 is expected to double from around USD 1.8 trillion to nearly USD 2.8 trillion. Moreover, the adoption of effective regulatory frameworks to promote digital transformation as well as the quick adoption of new technologies and increasing IT load with digitization becoming the need for growth and development is expected to create ample opportunities for key players operating in the hyperscale data center market, propelling the market
growth. Furthermore, although it took 5 years for the number of hyperscale data centers to double, less than 4 years were taken for its capacity to double, which depicts the increasing demand for these data centers globally. Some of the major growth factors and challenges that are associated with the growth of the global hyperscale data center market are: Growth Drivers: Growth in Data Storage Demand Prospering Data Center Industry Challenges: The huge requirement for an initial investment in building hyperscale data center facilities that can support thousands of servers is restricting the market growth. The need for a larger facility size and a number of specialized high-density server racks to accommodate more components, like power suppliers and hard drives, along with the need for a massive amount of power supply makes its development expensive, and time- consuming. Moreover, these centers rely upon automation tools which are also considered a major factor hampering the market growth as there is still a lack of IT infrastructure to support full-fledged automation in many developing and underdeveloped countries. Access our detailed report at: https://www.researchnester.com/reports/hyperscale-data- center-market/4912 By solution, the global hyperscale data center market is segmented into cloud, colocation, and enterprise. The cloud segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The rise in the use of cloud computing by
businesses worldwide owing to its benefits over on-premise ERP systems regarding ease-of-use and flexibility as well as its delivery of on-demand computing services from application to storage and processing power is anticipated to boost the segment growth over the forecast period. Data from global cloud leaders, states that ~41% of global tech business plan to increase their investment in cloud-based services and products owing to the rapid adoption of cloud-based tools over enterprise software. Moreover, as cloud computing solutions for businesses are easily accessible from anywhere and provide increased capacity, functionality, scalability, and productivity, with less maintenance, and reduced cost, its adoption worldwide is growing swiftly. All these factors are anticipated to boost the segment growth. By region, the North American hyperscale data center market is to generate the highest revenue by the end of 2035. This growth is anticipated by the increasing number of data centers that are in operation in the region along with the rising base of large big data- producing companies such as Amazon, Google, and others in the region. According to findings, the US has the world's largest number of data centers, with ~2700 data centers operating in the United States. Moreover, the increasing investment in advanced technologies as well as the growing development of IT infrastructure in the region with the maximum percentage of businesses in the region going digital and adopting emerging technologies such as big data, artificial intelligence, cloud computing, and others are estimated to propel the market growth of hyperscale data center in the North American region in the upcoming years.
Consult our expert analysts at: info@researchnester.com or contact us at: https://www.researchnester.com/contact for any customized report. This report also provides the existing competitive scenario of some of the key players of the global hyperscale data center market which includes company profiling of Chindata Group, NVIDIA Corporation, Yotta Infrastructure, Amazon.com, Inc., SanDisk Corporation, Hewlett Packard Enterprise Company, Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Intel Corporation, Broadcom, Inc., Cavium, Inc., Nlyte Software Limitedand others. Request Report Sample@ https://www.researchnester.com/sample-request-4912 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion, investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919