Hyperscale Data Center Market Forecast 2030: Shaping the Future of Cloud Computing

Posted under: Computing
Date: 2024-01-25
Hyperscale Data Center Market Forecast 2030: Shaping the Future of Cloud Computing

The global hyperscale data center market is poised for significant growth, with a projected value of $585.0 billion by 2030, showcasing a robust CAGR of 25.9% from 2021 to 2030, according to a report by Allied Market Research. The surge is attributed to increased demand for data centers to enhance productivity and customer experiences. Hyperscale data centers offer advanced servers and enhanced data storage capacity, particularly appealing to businesses prioritizing energy efficiency and environmental sustainability. Despite challenges such as the need for a skilled workforce, the market is expected to thrive due to the surge in cloud services, internet penetration, automation, and IoT trends. North America currently leads, but the Asia-Pacific region is expected to witness substantial growth. The COVID-19 pandemic positively impacted the market, reinforcing the reliance on digital and cloud services. Major players include Microsoft, Cisco, and IBM.

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