According to the research report titled ‘Hyperscale Data Center Market Size By Component (Solution {Cooling, Power, IT Racks & Enclosures, LV/MV Distribution, Networking Equipment, DCIM}, Service {Installation & Deployment, Maintenance & Support, Monitoring Services}), By End-Use (Cloud Providers, Colocation Providers, Enterprises), By Application (BFSI, Government, IT & Telecom, Entertainment & Media, Retail & e-commerce), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, hyperscale data center market is anticipated showcase remunerative growth through 2027.

As per reliable estimates, increasing usage of online services around the world, widespread adoption of cloud computing & IoT, expanding colocation business, and rising volume of organizational & consumer data are the major growth stimulants for global hyperscale data center market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/1979114/  

For the unversed, hyperscale refers to a technical architecture's ability to scale up as more resources are added. As a result, hyperscale data centers offer enterprises and people a storage portfolio of services as well as scalable and reliable applications. These data centers are owned and operated by the firms that they support.

Based on component, the power sub-segment under solution category is expected to grow steadily during the evaluation period, due to growing demand for sophisticated power supply systems to support continuous data center operations with no downtime. Whereas the networking equipment market is anticipated to grow significantly over the study period, as it facilitates effective interconnection of a large number of data center components.

Meanwhile, the monitoring services category is likely to gain traction over the analysis timeframe, because of rising demand for remote monitoring services to ensure optimum operation of data center facilities.

In terms of end-use scope, the enterprises segment of hyperscale data center industry is poised to showcase robust growth over the study period, on account of soaring number of businesses implementing digital technologies.

On the basis of application spectrum, the government segment is expected to grow at a considerable CAGR over the forecast period, due to growing number of government agencies embracing digital technology.

On a geographical level, Latin America industry is projected to grow considerably through 2027. The expansion is attributed to rapid industrialization leading to demand for massive IT data management facilities in the region.

The key players in worldwide hyperscale data center marketplace are Western Digital Corporation, Telefonaktiebolaget LM Ericsson, Sify Technologies Ltd., Schneider Electric SE, NVIDIA Corporation, Nlyte Software, Microsoft Corporation, Marvell Technology Inc., Lenovo Group Ltd., Intel Corporation, IBM Corporation, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Company, Equinix Inc., Dell Inc., Corning Incorporated, Colt Group Holdings Ltd., Cisco Systems Inc., Amazon Web Services Inc., Alphabet Inc., ABB Ltd., and Broadcom Ltd.