Hyperscale Data Centres Market Forecast 2024-2033: Growth Rate, Drivers, And Trends
Hyperscale Data Centres Market Growth Trajectory Through 2024-2033
Global Hyperscale Data Centres Market Analysis 2024 – Estimated Market Size And Key Drivers
Hyperscale Data Centres Market Overview 2024-2033 – Competitive Landscape and Strategies
Global Hyperscale Data Centres Market Report 2024: Growth Rate, Major Segments And Regions
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The Hyperscale Data Centres Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Hyperscale Data Centres Global Market Report 2024, The hyperscale data centres market size has grown rapidly in recent years. It will grow from $92.85 billion in 2023 to $108.13 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to cloud computing growth, internet services expansion, data explosion, energy efficiency.
The hyperscale data centres market size is expected to see rapid growth in the next few years. It will grow to $204.92 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to increasing data volumes, edge computing expansion, cloud services, ai and machine learning. Major trends in the forecast period include cloud computing dominance, ai and machine learning, hybrid and multi-cloud strategies, software-defined data centers (sddcs).
The increase in the number of internet users increases the amount of data that is generated and needs to be managed and stored by hyperscale data centers. For instance, in July 2023, according to the Canadian Internet Use Survey 2022 by Statistics Canada, a Canada-based government agency for national statistics, internet usage among Canadians aged 15 and older increased from 92% in 2020 to 95% in 2022. Canadians 75 years of age and older experienced the biggest increase, going from 62% in 2020 to 72% in 2022. Increased numbers of internet users and faster wireless internet access drive the demand for hyperscale data centers market.
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The hyperscale data centres market covered in this report is segmented –
1) By Type: Cloud Providers; Colocation Providers; Enterprises
2) By Component: Solution; Service
3) By Application: Manufacturing; Government Utilities; BFSI; IT & Telecommunication; Healthcare; Energy
Sub-Segments
By Data Center Size: Small and Medium-sized Data Centers; Large Data Centers
The hyperscale data centres market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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