Hyperscale data center market is expected to touch $104.8 billion by 2024 from just $23.4 billion in 2016, growing at a CAGR of 20.7% during the forecast period (2017-2024), as per a report by Esticast Research and Consulting.
The hyperscale data centers are used to deal with massive amount of data, storage and networking. The emergence of new entrepreneurs, startups, and small-scale industries, is leading to the development and improvisation of hyperscale data centers.
There are numerous advantages of hyperscale data centers, including remote tech support, supply chain support, efficient and consistent process workflow, and task automation.
- By user type:
Based on user type, the Cloud Service Provider segment generated the highest revenue in 2016, and is predicted to grow at a CAGR of 21.3% during the forecast period.
Enterprises segment will exhibit the highest CAGR during the forecast period, and is predicted to gain around one-ninth of the total market share by 2024.
- By Application:
Based on application, the telecom and IT market segment held the largest market share in global hyperscale market in 2016.
However, the BFSI application segment will dominate the hyperscale data center market by 2024, holding around two-ninth of the total market share. It will grow at a CAGR of 22.70% during the forecast period.
Global hyperscale data center market, 2016 vs. 2024
- By Region:
North America dominated the hyperscale data center market in 2016, generating a revenue of $8.4 billion. It is expected to hold around one-third of the total market share by 2024, growing at a CAGR of 29.37% during the forecast period.
North American Hyperscale Data Center Market, 2016 vs. 2024
Figure 2North American Hyperscale Data Center Market, 2016 vs. 2024
Asia-Pacific market will generate the highest revenue in hyperscale data center market by 2024, growing at a CAGR of 24%.
- By component:
Based on component, the Server segment dominated the global hyperscale datacenter market in 2016.
Also read: Why immersion cooling is imminent to power the next generation datacenters?
Avago Technologies, Cavium, Cisco Systems, Ericsson, HP, IBM, Intel, Mellanox Technologies, nlyte Software, and SanDisk LLC are the prominent players in the global hyperscale data center market.
For full report, visit: https://www.esticastresearch.com/market-reports/hyperscale-data-center-market
