Overview
The hyperscale data center market is anticipated to witness healthy growth from 2019 to 2024, a research report suggests. Growing at a CAGR of 22.51%, the market is projected to reach US$90.72 billion by 2024. The rising need for high application performance is expected to support the market growth along with the rapidly growing population. As predicted by analysts, the increasing demand for skilled professionals will negatively affect the market’s performance from 2019 to 2024. During the forecast period, the market will be supported by the need for reducing capital and operational expenditure and favorable government policies.
Concerns regarding high investment requirements on the other hand will challenge distributed computing sector based organizations functioning in the global hyperscale data center market. Analysts have split the market into component, servers, type, tier type, vertical, and design type segments based on products and services. Distributed computing-based companies have been profiled. Problems related to the supply chain are set to affect the global market during the forecast period 2019 to 2024. The report also provides the market’s performance forecasts till 2024. Analysts have studied the strategy of distributed computing segment based organizations to help new entrants and established businesses. The distributed computing sector itself is supported by a rise in disposable income as well as the availability of many untapped opportunities. During the forecast period 2019 to 2024, the hyperscale data center market is set to witness a health growth across component, servers, type, tier type, vertical, and design type segments as well as regional markets.
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Market Segmentation
The distributed computing sector has seen growth across component, services, type, tier type, vertical, and design type segments owing to the rising industrialization and advancements in technology. To study the market, analysts have further segmented components, servers, type, tier type, vertical, and design type into servers, networking, software, storage, and others on the basis of component. The market is further segmented into services sub segment which is split into consulting, installation and deployment, and maintenance and support. Additionally, the hyperscale data center market on the basis of type is segmented into cloud providers, colocation providers, enterprises. The market is further segmented into tier type sub segment which is split into tier 3, tier 2, tier 4, and tier 1. Additionally, the hyperscale data center market on the basis of design type is segmented into electrical construction and mechanical construction. The market is further segmented into vertical sub segment which is split into IT & telecommunication, BFSI, energy & utilities, government, healthcare, manufacturing, media and entertainment, retail, and others.
The segmental analysis presented in the report provides distributed computing field based organizations insights into key growth factors such as high demand across industry verticals as well as challenges such as the lack of investments from major companies the market will face from 2019 to 2024. The increasing disposable income and technological advancements are some of the key factors having an influence on distributed computing industry based companies, suggest analysts as per the hyperscale data center market report. But the report also identifies low research and development budgets and high initial investments as major threats companies in distributed computing will face till 2024.
Regional Overview
distributed computing market based companies in the hyperscale data center market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing awareness among consumers will be a key growth driver for regional markets. However, the high cost of product and maintenance will turn out to be a threat. For the forecast period 2019 to 2024 each of these regional markets are studied in the report. Starting from North America, the regional market and distributed computing vertical based companies are spread across the United States, Canada, and Mexico. The shifting preference for cheaper alternatives will turn out to be a major challenge from 2019 to 2024. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the increasing demand from various industry verticals as well as the increasing preference of consumers, suggests the report. Similarly, the distributed computing sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the hyperscale data center market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2024.
