PORTLAND, Oregon, September 8, 2016 /PRNewswire/ --
According to a new report by Allied Market Research titled, "World Hyperscale Data Center Market: Opportunities and Forecasts, 2015 2022," 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. 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.
Sample of the Hyperscale Data Center Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/hyperscale-data-center-market
Increasing adoption of hyperscale data centers owing to technological advancements, such as open compute projects and energy efficiency, has changed the business models for various end users. Hyperscale data centers are utilized across various industries, namely IT & telecom, banking, financial services and insurance (BFSI), government utilities, healthcare, energy, manufacturing, and others (retail, education). With rise in cloud computing, social media, big data, online gaming, and other online applications, there is a constant need for enhanced IT infrastructure that caters to the ever-increasing demand for resources; a factor that further supplements the demand for hyperscale data centers.
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.
Among the various industry applications, IT & telecom was the largest contributor, accounting for around 26% share in 2015. BFSI is estimated to be the highest-revenue generating application by 2019, and continue its dominance in the market throughout 2022. Analysis of customer trends, fraud detection, and other similar tasks can be achieved with the adoption of hyperscale data that efficiently manages big data. Immense competition in the finance sector increases the pressure on the banks to become more agile and efficient, thus further boosting the adoption of hyperscale data center in this sector.
North America accounts for the highest-revenue generating region in the world hyperscale data center market, followed by Europe and Asia-Pacific. The Asia-Pacific region exhibits the fastest growing market, with a CAGR of 24% during the forecast period, supplemented by factors such as development in enterprise IT infrastructure, increasing adoption in BFSI, and other applications in the region.
Key players adopt competitive strategies, such as acquisition, product launch, and agreement & partnership, to consolidate their market presence. For instance, in February 2016, Mellanox Technologies, Ltd., a supplier of end-to-end interconnect solutions for data center servers and storage systems, announced its partnership with Nutaxi to provide a user-friendly and fully converged solution for compute, storage, and networking to enterprise customers.
KEY FINDINGS OF THE STUDY
- 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.
- 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 are Intel Corporation, Nlyte Software, Sandisk Corporation, Avago Technologies, Cisco Systems Inc., Hewlett-Packard, Ericsson, Cavium Inc., IBM, and Mellanox Technologies, Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research