Hyperscale Data Center Market Growth Outlook with Industry Review and Forecasts by 2024: Global Market Insights, Inc. The hardware segment accounted for the majority of the hyperscale data center market share in 2017 and is anticipated to witness a high demand over the forecast timespan. An exponential rise in the number of businesses has led to rising pressure for enhanced data storage hardware solutions. Hardware forms a crucial part of the infrastructure that determines the quality of solutions offered by companies. Key players are focusing on incorporating the latest advanced technologies, such as AI, into their facilities. The hyperscale data center market is highly susceptible to constant changes in technologies owing to which companies are required to spend large financial resources in R&D activities. Several companies are relying on the hardware components for the storage of the data, which is allowing them to secure and manage the data effectively and also provide efficiency to their customers. Hyperscale Data Center Market size is expected to grow at a rapid pace over the forecast time span owing to the rise in the adoption of cloud computing and online services. Several companies are constructing the hyperscale facilities for the large availability of data storage and enhanced networking & connectivity. With changing data storage requirements, the industry is witnessing a growing demand for cloud computing services. As cloud computing provides several benefits such as enhanced scalability, efficiency, and flexibility and requires high computational power, several large enterprises are shifting toward hyperscale facilities that can provide these benefits. These mega facilities are increasingly being adopted by several large companies, such as Google, Microsoft, Amazon, and IBM, driving the hyperscale data center market.
The demand is increasing from government agencies and large enterprises owing to the growing adoption of advanced technologies such as big data analytics and hosting for business operational needs, thereby driving the hyperscale data center market. Growing adoption of online & mobile computing services and the use of social media by businesses demand a large number of storage devices for the content owing to which, several enterprises are delegating their computing needs to the cloud-based infrastructure. This has resulted in the growing usage of colocation services and high adoption of mega and hyperscale facilities thereby driving the hyperscale data center market demand. Increasing energy efficiency, server density, and application performance are helping companies to reduce the Total Cost of Ownership (TCO). In the hyperscale data center market, traditional networking servers are extensive management tools and include storage networks computing management, blade systems, and network switches, among others. The complexity and cost of this equipment are anticipated to be major barriers for businesses and enterprises to meet the TCO, product performance, and 1|Page