HYPERSCALE DATA CENTER MARKET ANALYSIS

Hyperscale Data Center MarketSize and Trends

The global hyperscale data center market size was valued at US$ 87.87 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 30.9% from 2022 to 2030.  The massive volume of data that is generated by businesses and individuals today is one of the major drivers driving the hyperscale data center market.  The hyperscale data center market is expected to continue growing in the future as businesses expand their capacity and need to manage more data. The increasing use of managed services in enterprise IT environments is also driving the market growth.

Global Hyperscale Data Center Market Trends:

Rising adoption of renewable energy is a growing trend

The number of colocation and hyperscale data centers is increasing with time. However, along with this, the consumption of energy in data centers has also increased majorly leading to carbon emissions. Thus, government of countries around the world are focused on initiatives to control the emissions and consumption of power by data centers through adoption of renewable energy. This trend is likely to support growth of the global hyperscale data center market during the forecast period.

Increasing deployment of 5G for edge data centers is another trend in the market

Data center development is mostly growing in prominent cities around the world, while it is still in the initial stages in cities that are tier II and tier III. With increasing adoption of novel technologies in smaller regions based away from major locations is growing in terms of deploying edge data center. The importance of edge data centers has increased along with emergence of 5G networks around the world. Many countries around the world are deploying 5G services. This trend is expected to continue in the global hyperscale data center market over the forecast period.