DUBLIN--(BUSINESS WIRE)--The "Global Hyperscale Cloud Market: Analysis By End-User, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.
The global hyperscale cloud market was valued at US$256.27 billion and is expected to grow to US$1,261.15 billion by 2028.
The term "hyperscale" refers to scalable cloud computing systems in which a very large number of servers are networked together. The number of servers used at any one time can increase or decrease to respond to changing requirements. This means the network can efficiently handle both large and small volumes of data traffic.
Some of the reasons companies are switching to hyperscale cloud computing are speed, reduced downtime losses, easier management, easier transition into the cloud, scalability based on demand, etc.
On the other hand, the adoption of industry clouds is expected to significantly increase the IT total addressable market (TAM) in the forthcoming years with the three leading hyperscalers taking a huge share due to their capabilities in data analysis and artificial intelligence. The hyperscale cloud market is projected to expand at a CAGR of 30.5% over the forecast period of 2023-2028.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 157 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $334.23 Billion |
| Forecasted Market Value (USD) by 2028 | $1261.15 Billion |
| Compound Annual Growth Rate | 30.4% |
| Regions Covered | Global |
Market Dynamics
Growth Drivers
- Increasing Spending on IoT Technologies
- Growing Popularity of Video Streaming
- Increasing Adoption of AI
- Growing Internet Traffic
- Increasing Data Centers Revenue
- Increase in Adoption Of Cloud in SMEs
Challenges
- Insecurity of Data
- Need to Incur Huge Capital Expenditure as Technology Advances
Market Trends
- Hyperscalers to Dominate the IT Spending
- Increasing 5G Adoption
- Escalating Edge Computing
- Growing Big Data and Business Analytics
- SaaS Vendors Re-platform Onto Hyperscale Infrastructure
- Acceleration of Digital Transformation
Companies Mentioned
- Alibaba Group (Alibaba Cloud)
- Alphabet Inc(Google Cloud Platform)
- Amazon.Com, Inc(Amazon Web Services, Inc.)
- Apple Inc.
- Fujitsu Limited
- IBM
- Microsoft Corp(Microsoft Azure)
- Oracle Corporation
- Salesforce, Inc.
- VMware, Inc.
Market Segmentation Analysis:
- By End-User: The report provides the bifurcation of the hyperscale cloud market into nine segments based on end-user: BFSI, IT & Telecom, Retail & Consumer Goods, Media & Entertainment, Manufacturing, Energy & Utilities, Government & Public Sector, Healthcare, and Others. In 2022, the BFSI segment led the hyperscale cloud market, owing to the increasing number of banking applications, which has resulted in the exponential growth of data in the banking and financial services industry. The manufacturing hyperscale cloud market is expected to grow at the highest CAGR. The scope for scaling operations up and down via the cloud enables manufacturing companies to mitigate market demand volatility. The future of all levels of the manufacturing industry is expected to incorporate cloud computing technology to stay more securely connected with consumers and the supply chain, hence contributing to market growth.
- By Region: In the report, the global hyperscale cloud market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to the presence of well-established providers of hyperscale computing and increasing investment in technological advancements. North America is further divided into three regions: The US, Canada, and Mexico. The emergence of 5G technology along with growth in Industrial IoT (IIoT), complemented by technologies like big data, blockchain, and artificial intelligence (AI) would boost the adoption of hyperscale cloud services in the US.
- The hyperscale cloud market in the Asia Pacific is expected to grow significantly in the coming years due to the presence of various developing countries and a growing number of hyperscale data centers, China held a major share in the Asia Pacific hyperscale cloud market in 2022. China's appetite for cloud infrastructure services continues to outpace the rest of the world, with the government making it one of its top strategic priorities - driven by the continued expansion of online services and digitization of processes and operations within enterprises and government organizations.
- Germany is one of the leading cloud markets in Europe. Germany's sophisticated economy is one of the major drivers of advancing digitalization in all areas of personal life and business. Further, Germany's well-established infrastructure and consumer base are driving the demand for hyperscale cloud services in the country.
For more information about this report visit https://www.researchandmarkets.com/r/km9c5p
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