April 02, 2020
As per the report titled ‘Hyperscale Data Center Market Size By Component, Service, By End-Use, By Application , Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global hyperscale data center market is projected to cross US 65 billion by the year 2025.
Growing inclination of enterprises towards incorporating sustainable business practices to lower the overall carbon footprint is augmenting the growth of hyperscale data center market. Implementation of colocation services for improved hardware security and network connectivity will play a key role in fostering the market growth over the forecast period. Shifting preference for cost-effective solutions among enterprises to reduce their overall capital expenditure and allocate funds for their IT infrastructure, coupled with benefits including efficient space management and low maintenance cost are encouraging the establishment of colocation facilities.
Based on the application spectrum, IT & Telecom market segment is presumed to grow momentously during the analysis period, on account of increasing penetration of smartphones and internet across the globe. Expansion of facilities for storage and processing of a massive amount of telecom data, in tandem with inflowing investments for business expansion are boosting the segment growth.
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Considering the geographical outlook, hyperscale data center market in North America is slated to grow substantially during 2019-2025, owing to the presence of major tech companies including Microsoft, Amazon, Facebook and Google who are focused on expanding their operation base across the region. Highly competitive business scenario, along with rapid urbanization and higher adoption rate of advanced technologies are other factors favoring the regional growth.
Major players of hyperscale data center market are Sandisk LLC, NVIDIA Corporation, Microsoft Corporation, Schneider Electric SE, Lenovo Group Ltd., Huawei Technologies Co., Ltd., Broadcom Ltd., IBM Corporation, Cavium, Inc., Dell, Inc., Intel Corporation, and Cisco Systems, Inc. These companies are focusing on adopting modern IT solutions such as colocation services to enhance their business operations.
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