Thursday, 18 April 2024
Friday, 23 Feb 2024 12:00 am

Hyperscale Data Center Market is expected to reach US$ 355.87 billion by 2030

Hyperscale data center market is anticipated to secure US$ 355.87 billion by 2030. Insights based on solution, end-user, & vertical.

By The Insight Partners

Increasing Deployment of 5G Services to Create Opportunities for Hyperscale Data Center Market Growth During 2022–2030

According to our latest market study on "Hyperscale Data Center Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Solution, End User, and Vertical," the hyperscale data center market is projected to grow from US$ 80.45 billion in 2022 to US$ 355.87 billion by 2030; it is estimated to record a CAGR of 20.4% from 2022 to 2030.

The deployment of 5G is expected to significantly increase data traffic, as 5G offers much high-speed data with lower latency than the 4G and other networks. According to a report published by Cisco Systems, Inc. in 2022, 5G is expected to support more than 10% of the world's mobile connections by the end of 2023, with an average speed of 575 Mbps, i.e., 13 times faster than the average mobile connection. Due to increased data traffic, businesses and enterprises are seeking a location to store, process, and distribute their data more efficiently and reliably, creating the need for hyperscale data centers. Moreover, the major advantage of 5G deployment is associated with its ability to support a wide range of IoT services and applications, such as autonomous vehicles and industrial automation. Vast volumes of data generated in these applications need to be processed in real time and stored securely. Hyperscale data center facilities offer a cost-effective and scalable solution for storing and processing this data, providing high security, redundancy, and connectivity. Thus, owing to the burgeoning deployment of 5G, various companies worldwide are constructing new hyperscale data centers. In January 2024, ACS Group was selected to build a hyperscale data center campus for Meta in Indiana. This new data center would have a campus spread over nearly 700,000 sq. ft., including multiple data center buildings. It will be part of Meta’s global infrastructure, which helps bring technologies and services to life. For the construction of this data center, ACS Group plans to utilize cutting-edge prefabricated modular assemblies and equipment. Once operational, the data center will be supported by 100% renewable energy through investments in new renewable energy projects, similar to Meta’s other data centers, which are likely to achieve LEED Gold certification from the US Green Building Council. Therefore, the increasing deployment of 5G services and the construction of new data centers are expected to offer lucrative opportunities for the hyperscale data center market growth in the coming years.

Hyperscale Data Center Market Analysis – by Geography, 2022

To get sample Copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00023893

Source: The Insight Partners Analysis

North America held the largest hyperscale data center market share in 2022. Asia Pacific is expected to register the highest CAGR during 2022–2030. The projected market growth in this region is primarily attributed to growing internet penetration and the flourishing 5G infrastructure. As per the GSM Association, Asia Pacific is expected to have more than 400 million 5G subscriptions by 2025, representing 14% of overall mobile subscriptions. Nonetheless, 4G would also continue to be a dominant technology. In 5G pioneer markets, including China and South Korea, operators have seen rapid acceptance after the launch. Meanwhile, the total revenues of telecom operators are projected to rise from US$ 210 billion in 2021 to US$ 224 billion by 2025. The 5G network provides high bandwidths (wave frequencies above 24 GHz) to support ultra-high capacity and low-latency bandwidth applications. This further accelerates the adoption of edge computing, which is emerging as an important hyperscale data center market trend in Asia Pacific.

E-commerce became one of the fastest-growing industries that survived and thrived amid lockdowns in Asia Pacific in 2021. The increasing middle-class population and an expanding mobile internet user base have been significant contributors to the e-commerce business across the region. According to the International Air Transport Association (IATA), APAC leads the e-commerce market growth globally, with China accounting for a significant percentage of its revenue share. As per the International Trade Administration, the country has the largest e-commerce market in the world and generates almost 50% of the world’s transactions. Similarly, the e-commerce market in other countries in APAC is also witnessing significant growth. According to the International Trade Administration, the e-commerce market in Australia—which ranks 11th among the largest e-commerce markets in the world—is expected to reach US$ 32.3 billion by 2024. According to the India Brand Equity Foundation (IBEF), the e-commerce market in India is expected to reach US$ 188 billion by 2025. Thus, the growing adoption of IoT, the establishment of 5G networks, and the flourishing e-commerce industry are likely to lead to an increase in data generation, raising the demand for hyperscale data centers in the region. Thus, the generation of enormous volumes of data in different applications would have a significant impact on the hyperscale data center market forecast in Asia Pacific in the coming years.

ABB Ltd, Dell Inc, EdgeConneX Inc, Cisco Systems Inc, International Business Machines Corp, Fujitsu Ltd, Hewlett Packard Enterprise Development LP, Intel Corporation, Juniper Networks Inc, and Schneider Electric SE are among the key players profiled in the hyperscale data center market report. Several other major players were also studied and analyzed to get a holistic view of the market and its ecosystem. The hyperscale data center market report provides detailed market insights, which helps the key players strategize their growth.

In Asia Pacific, China held the largest hyperscale data center market share in 2022. In China, it is witnessed that the adoption of IoT solutions has tremendously increased, particularly in the manufacturing industry, in recent years. The Made in China 2025 initiative focuses on upgrading the country’s Industrial Internet of Things (IIoT) to support high-tech industries, including robotics, aviation, and electric vehicles, through their progress. Moreover, businesses are deploying IoT to produce high-quality products at lower costs,  making them more sustainable. They also aim to integrate Big Data, cloud computing, and IoT across manufacturing, healthcare, finance, and other industries. Further, the Chinese government aims to invest tremendously in 5G, IoT, wireless networks, AI, and other technologies in the coming years.

Contact Us
Contact Person: Content Team 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy