The hyperscale data center market is growing at a rapid pace; the market is expected to grow at a Compound Annnual Growth Rate (CAGR) of 26.32% during the forecast period and is projected to reach USD 80.65 billion by 2022. Hyperscale data center solutions are witnessing increased adoptions across various industry verticals owing to the growing demand for these solutions for improving data center availability and reducing costs. The hyperscale data center market is also expected to witness increased growth due to the increase in spending related to data center technology, and an exponential growth of data traffic all across the globe.
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=26026183
Hyperscale data center solutions are undergoing major technological changes, and they are evolving with the technological advancements. Hyperscale data centers are expected to offer economical solutions that facilitate reduced capital and operational expenditure.
The storage component segment is expected to grow at the highest rate in the hyperscale data center market during the forecast period. Organizations are experiencing increased needs for optimum storage solutions that can reduce the differences between traditional file-based applications and new object access paradigms. Hyperscale data center vendors can take advantage of this requirement by providing a scalable and resilient storage solution that can be upgraded and expanded to cope with the increasing data.
The maintenance and support services segment is expected to grow at the highest rate in the hyperscale data center market during the forecast period. Organizations need trained staff to maintain critical data center equipments. Moreover, maintenance and support services help end-users to understand changing business conditions and service inconveniences, and they help to establish a seamless support process within the organizations.
The increasing number of cloud providers who offer efficient cloud services for business processes has helped to propel the growth of hyperscale data center solutions. Moreover, the increasing demand for public, private, and hybrid clouds for cost-efficiency and performance improvement has further contributed to the growth of the hyperscale data center market.
Small and medium-sized data centers are expected to grow at the highest CAGR from 2017 to 2022. These data centers are used by organizations to store daily records and operational information. The increasing demand for cost-effective data centers in small enterprises coupled with the advantages of scale-out infrastructure has positively impacted the growth of the hyperscale data center market.
The retail sector is expected to grow at the highest rate from 2017 to 2022 in the hyperscale data center market. The retail sector is constantly in need of efficient data center infrastructure to securely store customers’ mission-critical personal and financial data. Hyperscale data center solutions help to improve performance and availability. They also alleviate the risks associated with supporting various e-commerce applications. These have resulted in increased demand for hyperscale data center solutions in the retail industry.
The APAC market is expected to grow at the highest CAGR during the forecast period. APAC offers potential growth opportunities due to the increasing investments in advanced technologies and surge in data traffic.
To Know More About Hyperscale Data Center Market :
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Address:630 Dundee Road Suite 430
Country: United States