The hyperscale data center market is growing at a rapid pace; the market is expected to grow at a Compound Annnual Growth Rate (CAGR) of 26.32% during the forecast period and is projected to reach USD 80.65 billion by 2022. Hyperscale data center solutions are witnessing increased adoptions across various industry verticals owing to the growing demand for these solutions for improving data center availability and reducing costs. The hyperscale data center market is also expected to witness increased growth due to the increase in spending related to data center technology, and an exponential growth of data traffic all across the globe.
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Hyperscale data center solutions are undergoing major technological changes, and they are evolving with the technological advancements. Hyperscale data centers are expected to offer economical solutions that facilitate reduced capital and operational expenditure.
The storage component segment is expected to grow at the highest rate in the hyperscale data center market during the forecast period. Organizations are experiencing increased needs for optimum storage solutions that can reduce the differences between traditional file-based applications and new object access paradigms. Hyperscale data center vendors can take advantage of this requirement by providing a scalable and resilient storage solution that can be upgraded and expanded to cope with the increasing data.
The maintenance and support services segment is expected to grow at the highest rate in the hyperscale data center market during the forecast period. Organizations need trained staff to maintain critical data center equipments. Moreover, maintenance and support services help end-users to understand changing business conditions and service inconveniences, and they help to establish a seamless support process within the organizations.
The increasing number of cloud providers who offer efficient cloud services for business processes has helped to propel the growth of hyperscale data center solutions. Moreover, the increasing demand for public, private, and hybrid clouds for cost-efficiency and performance improvement has further contributed to the growth of the hyperscale data center market.
Small and medium-sized data centers are expected to grow at the highest CAGR from 2017 to 2022. These data centers are used by organizations to store daily records and operational information. The increasing demand for cost-effective data centers in small enterprises coupled with the advantages of scale-out infrastructure has positively impacted the growth of the hyperscale data center market.
The retail sector is expected to grow at the highest rate from 2017 to 2022 in the hyperscale data center market. The retail sector is constantly in need of efficient data center infrastructure to securely store customers’ mission-critical personal and financial data. Hyperscale data center solutions help to improve performance and availability. They also alleviate the risks associated with supporting various e-commerce applications. These have resulted in increased demand for hyperscale data center solutions in the retail industry.
The APAC market is expected to grow at the highest CAGR during the forecast period. APAC offers potential growth opportunities due to the increasing investments in advanced technologies and surge in data traffic.
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