Global Hyper Scale Data Centers Market is Estimated to Grow by 27% of CAGR during Forecast 2017-2023

Pune, India, June, 2, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Hyper Scale Data Centers Market.

Market Highlights

The cloud computing solutions has been changing the data storage requirements and which is turn boosting the growth of the hyper scale data center industry. Also, factors such as cost efficiency and flexibility are projected to propel the growth of the hyper scale data center market. The companies are investing in cloud based hyper scale data centers. Various manufacturers such as HP, Dell among others are investing largely in the data centers. However, the major factors driving the growth of the market are cost benefit, growing colocation services, increasing need for data consolidation on cloud.

Hyper Scale Data Centers Market

According to Market Research Future, market has been segmented into solutions, type, verticals and region.

On the basis of application, the market has been segmented into banking and finance, IT & telecommunications, government, energy & utilities, retail, healthcare, manufacturing and defense among others.

Out of these vertical, IT & Telecommunication segment accounted for the largest market share majorly due to the growth in IT services and re-architect the traditional data centers. Also, BFSI has been the highest revenue generator segment majorly due to fraud detection, increasing consumer trends and the immense competition in the financial sector. Therefore, these sectors are adopting hyper scale data center technologies for efficiency among the domains.

The key players in the global hyper scale data centers market include- Cisco Systems, Inc. (US), IBM Corporation (US), Huawei Technologies Co. Ltd. (China), Ericsson (Sweden), Lenovo Group Ltd. (China), Cavium  (US), Quanta Computer Inc. (Taiwan), Broadcom Ltd. (US), Intel Corporation (US), Dell Inc. (US) and Hewlett Packard Enterprise Development LP (US). 

Market Research Future Analysis

The global hyper scale data centers market is expected to grow significantly over the forecast period, 2017-2023. BFSI and IT & Telecommunications segment of hyper scale data center market globally drives the market majorly due to increasing demand for internet banking, increasing need for security. The market is expected to have higher growth rate as compared to the previous years.

Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2017-2023. Countries such as Japan, China and India contributes largely to the overall market share. The region is attributed to the increasing improvement in the IT infrastructure, increasing demand for cloud services from small, medium and enterprises and the IT & Telecommunication sector is the largest revenue generator in this region

North-America accounted for the largest market share majorly due to demand for social media platforms and the growing demand for data centers across various industries such as banking and finance among others.

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