Hyperscale Data Centers

  The global hyperscale data centers market is forecast to reach a market size of USD 203.05 Billion by 2027, and register a significantly high CAGR over the next seven years, according to a latest report by Reports and Data. Growing demand for hyperscale data centers can be attributed to high spending on data center technology. High power-consuming workloads – including 3D and AR/VR rendering, genome processing, big data analytics, and cryptography – require considerable computing resources for organizations that conduct their operations in the cloud. The benefits offered by hyperscale data centers in handling high-volume traffic and heavy computing workloads are attracting significant demand from several industry verticals. Demand for hyperscale data centers is expected to continue to expand in the coming years owing to constant investments in public cloud. Public cloud data center infrastructure spending witnessed a 25.0% y-o-y growth to about USD 17.00 Billion in Q2 2020. Th...