The Hyperscale Data Center Market Is Estimated To Witness High Growth
Market Dynamics:
Growing demand for online streaming services is a key driver for the hyperscale data center market. Major players offering online streaming of TV shows and movies such as Netflix, Amazon Prime Video, and Disney+ require large data centers to store content and handle the computing requirements. Furthermore, increasing reliance on social media platforms such as Facebook, Twitter, and Instagram among others is also fueling the need for massive data storage capacities. Hyperscale data centers aid these organizations in efficiently managing the huge amounts of user-generated content and data on a daily basis. Rapid growth in the adoption of cloud-based applications and services is another factor augmenting the hyperscale data center industry growth
Key Takeaways
The Global Hyperscale Data Center Market Size is expected to witness high growth, exhibiting a CAGR of 30% over the forecast period, due to increasing adoption of cloud-based services. Large cloud service providers such as Amazon Web Services, Microsoft Azure, Alibaba Cloud, and Google Cloud Platform are continually investing in development of hyperscale infrastructure to cater to the growing demand for public cloud services.
Regional analysis- North America dominated the market in 2023, accounting for around 35% of the overall shares. However, the market in Asia Pacific is expected to witness the fastest growth, growing at a CAGR of over 35% during the forecast period. This high growth can be attributed to ongoing infrastructure development projects by hyperscale data center operators such as AirTrunk, GDS Holdings, and Equinix in major Asia Pacific countries including China, India, and Japan.
Key players operating in the Hyperscale Data Center market are Aecom, DPR Construction, Holder Construction, Jacobs, Bouygues Construction, Mercury, Arup, and Benthem Crouwel Architects. These players are engaged in new data center building, expansion, and refurbishment projects for hyperscale cloud providers. They have expertise in designing resource-efficient and scalable data center facilities to help hyperscale operators optimize costs.
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