Market Research Future (MRFR) affirms that the Hyperscale data centre 2020 can touch an approximate valuation of USD 96 billion by 2023-end. MRFR also expects the market to procure a remarkable growth rate of 27% between 2017 and 2023 (evaluation period).
There are so many factors that are contributing to the growth of the Hyperscale storage. Some of the main factors are the increasing requirements for high performance of applications, reduction in capital, and high spending in the hyperscale data centre technologies.
The escalated demand level for hybrid cloud storage is estimated to play a crucial role in the development of the cloud storage market. Moreover, the increased occurrence of remote working patterns in organizations due to the ongoing COVID- 19 pandemic is estimated to benefit the long-term growth of the cloud storage market.
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Prominent leaders in the market are Cavium (US), Intel Corporation (US), Dell Inc. (US), Hewlett Packard Enterprise Development LP (US), Cisco Systems Inc. (US), Broadcom Ltd. (US), Lenovo Group Ltd (China), IBM Corporation (US), Huawei Technologies Co. Ltd (China), Ericsson (Sweden), Quanta Computer Inc. (Taiwan), and more.
The hyper scale data centre market can be considered for solutions, type as well as vertical. The categories depending on solutions include software, storage, service, and server. The key types specified in the study are enterprises, colocation providers and cloud providers.
Vertical-based sections included in the report are retail, energy & utilities, government, and defence BFSI, manufacturing, healthcare, media and entertainment, IT & Telecommunication, and more. Out of these, the IT & Telecom vertical owns the biggest share in the market, because of the expansion of re-architect data centres as well as IT services. BFSI also generates high revenue in the market owing to the intensifying competition across the financial sector, surge in consumer trends and rising need for fraud detection. These aspects are leading to higher consumption of hyper scale data centres for better efficiency.
The hyper scale data centre industry can note significant opportunities coupled with the latest trends across the primary regions of Europe, APAC/Asia Pacific, North America, and RoW/Rest of the World.
North America is the apparent winner in the global market, given the increasing consumption of hyper scale data centre solutions by diverse industries and the rising spending on these technologies. North America holds a massive number of IT giants that are growing more formidable in the hyper scale data centre industry, thereby further fortifying the region’s prominence at a global level. The escalating deployment of cloud-based services and solutions can also encourage the market expansion in the region during the assessment period.
APAC’s favourable position in the global market is the result of the rapid expansion of the IT infrastructure across India and China, soaring demand for advanced technological services and the fact that the data traffic across industries is becoming denser with time.
The global Hyperscale Data Centre Report Market Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Hyperscale Data Centre Report Market Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Hyperscale Data Centre Report Market Size for the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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