Pune, India, January 31, 2019 -- /360iResearch/ -- The report "Global Hyperscale Data Center Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 23.86 billion in 2017 and is projected to reach USD 132.86 billion by 2024, growing at a CAGR of 27.80% from 2017 to 2024.
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The major forces driving the growth of the hyperscale data center market include the growing adoption of online & mobile computing services and the use of social media by businesses and growing requirement for high application performance. Moreover, reduced cost of ownership and increase investment in data center and increasing demand from government agencies and businesses owing to the adoption of big data analytics are also some of the factors that are driving the market growth. However inefficient cooling mechanism for data centers, and infrastructural overheads may hinder the market growth. In the middle of difficulty lies opportunity such as the surge in the data center traffic, rapid growth in iot, cloud computing, social media, and online gaming, and innovations and product enhancements. The possible challenges for the market growth is storage issues. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on component, the global hyperscale data center market is studied across Services, and Solutions. Based on industry, the global hyperscale data center market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on end user, the global hyperscale data center market is studied across Cloud Providers, Colocation Providers, and Enterprises. Based on geography, the global hyperscale data center market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the hyperscale data center market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Broadcom, Cavium, Cisco Systems, Dell, Ericsson, HPE, Huawei, IBM, Intel, Lenovo, Nvidia, and Quanta Computer.
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