Hyper Scale Data Center Market Estimated to Surpass $104.2 Billion Mark by 2026
Increasing Requirement for Superior Performance and Better Uptime Reliability Is Drive Growth of Hyper Scale Data Center Market
Hyderabad, India – July 20, 2021 /MarketersMedia/ —
The global Hyper Scale Data Center Market is estimated to surpass $104.2 billion mark by 2026 growing at an estimated CAGR of more than 16.5% during the forecast period 2021 to 2026. Hyper scale data center is a facility owned and operated by the company it supports. This includes colocation providers such as AWS, Microsoft, Google, and Apple. They offer robust, scalable applications and storage portfolio of services to individuals or businesses. Data are becoming increasingly important in any sector and each every bit of that is stored.
Increased demand for cloud service resources and data centers from the consumers and businesses has led to the implementation of large-scale public cloud data centers. These hyperscale cloud players are anticipated to dominate the cloud industry.
Hyper Scale Data Center Market Segment Analysis – By Application
The Hyper Scale Data center market is segmented based on the applications such as BFSI, healthcare, retail, education, gaming and on-demand entertainment. On demand entertainment content have seen tremendous growth and digitalisation at 20.1% CAGR through 2026. Rise in the BFSI sector has accelerated the growth of Hyper Scale Data Center market as well.
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Hyper Scale Data Center Market Segment Analysis – By Component
The market is segmented into Servers, Network Infrastructure, Storage based on Component. Adoption of improved IT solutions and facilities has increased the business operations and in turn the demand for storage and servers has increased. Enterprises are shifting towards software-defined networking to obtain high performance.
Hyper Scale Data Center Market Segment Analysis – Geography
North America is the largest market for Hyper Scale Data Center Market at 37% share in 2020. The rate of adoption of cloud-based computing is rapidly increasing, owing to which, data centers are increasing in U.S. The U.S is home to many tech giants, such as Apple, Amazon, Microsoft, and Facebook, offering hyperscale data centers. Increased OTT penetration in US market is driving the market.
Hyper Scale Data Center Market Drivers
Increasing requirement for superior performance to drive growth
Data centers in the have become the important with high performance computation as well as storage requirement to support high-end applications. Requirement for intelligent and advanced data center technologies to cater to the growing data center performance requirement, coupled with the growth of strategic IT trends, is expected to increase the demand for hyper scale data center deployments. The advancement of hyperscale computing is all about businesses and their association with their data and IT operations. Enterprises do not want to spend millions of dollars to build and operate a data center. This has improved the growth of the Hyper Scale Data Center.
Better Uptime Reliability
Uptime flexibility can vary from provider to provider, but if the facility has a strong track record, this could be one of the excellent advantages of colocation. For example, a colocation data center with an established record of more than 99,99999% uptime reliability encounters less than 3.15 seconds of downtime over the course of a year.
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Hyper Scale Data Center Market Challenges
High installation cost
Constructing a private data center is clearly a major capital investment, but after the building is finished the expenses will not end. The day-to-day operation of a data center incurs a substantial amount of recurring maintenance costs. Colocation hosting needs higher start-up costs than if the hosting firms hire servers.
Hyper Scale Data Center Market Landscape
Major key player in the market are Amazon, Microsoft, Alphabet, Facebook, Alibaba, Cisco, Hewlett Packard, Intel Corporation, Broadcom, IBM, Quanta Computer, Huawei, Ericsson, and other. These are companies that are continuously investing in making strategic partnership and acquisition to gain more market share.
Acquisitions/Technology Launches/Partnerships
In December, 2020, Adani to invest $269m to set up hyperscale data centre in Chennai called Adani Chennai-1. Chennai has sound optic fibre network connectivity with three undersea cable landing stations. Also, its geographic proximity to key Asian cities gives it an edge.
In December, 2020, New Zealand’s ‘first’ hyperscale data centre Invercargill is to be built with the partnership between Datagrid and Meridian. Datagrid is a company run by Hawaiki Cable founder Remi Galasso and Callplus founder Malcolm Dick. The two companies will develop a 25,000 square metre facility near Makarewa, about 11 kilometres north of Invercargill. That facility will generate 60 megawatts of power, and will be expanded to deliver 100 megawatts over 40,000 square metres over several years.
Key Takeaways
The rise of hyperscale data centers is because of rising data that is collected by many companies which has to be processed and stored for the further process. Increasing usage has influenced companies like Amazon Web Services, Google, Microsoft, Facebook, and Apple to invest significant amounts.
Increased number of users in the BFSI & Telecom industries is demanding the need for the hyperscale data center for information storage. Increased digitalization is major key for the data accumulation.
North America is expected to dominate the market in the forecasted period. This growth is attributed with increased usage of OTT and gaming, as US ranks highest in usage of OTT platform Netflix
Related Reports :
A. Data Center Colocation Market
https://www.industryarc.com/Research/Data-Center-Colocation-Market-Research-500503
B. Data Centre as a Service Market
https://www.industryarc.com/Report/17944/data-centre-as-a-service-market.html
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