According to a new market research report, the world hyperscale data center market is expected to reach a revenue of $71.2 billion by 2022, with a CAGR of 20.7% from 2016 to 2022.
Global Hyperscale Data Center Market, by Component, 2015 (% COMPARIOSN)
According to a new market research report, the world hyperscale data center market is expected to reach a revenue of $71.2 billion by 2022, with a CAGR of 20.7% from 2016 to 2022.
As stated by the analyst, “Hyperscale data centers are most widely adopted by cloud service providers to house cloud-based resources and cloud services, accounting for a market share of around 63% in 2015. North America is the largest revenue-generating region for hyperscale data centers, followed by Europe and Asia-Pacific in 2015.”
Key findings of the study include the following:
— The cloud provider segment was the highest revenue-generating segment, constituting over 63% of the total market revenue in 2015. The segment is expected to remain dominant throughout the analysis period.
— The enterprises segment is expected to generate a notable revenue of $7,095.2 million by 2022 growing at a CAGR of 27.7% during the forecast period.
— The rising demand for higher energy efficiency and increasing big data content are expected to drive the developments and advancements in the hyperscale data center market.
— Banking, financial services and insurance (BFSI) is likely to be the highest revenue-generating segment by 2019.
— Increased adoption of hyperscale data centers is anticipated to be witnessed across key sectors such as healthcare, manufacturing, and government utilities from 2016 to 2022.
— In 2015, North America was the highest revenue-generating region, constituting nearly 37% of the total market revenue.
Leading companies profiled in the report include Intel Corporation, Nlyte Software, Sandisk Corporation, Avago Technologies, Cisco Systems Inc., Hewlett-Packard, Ericsson, Cavium Inc., IBM, and Mellanox Technologies, Inc.