Hyperscale Data Center Market to exceed US$ 355.87 Billion by 2031

    Published on 05-Sep-2024
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    Report : Hyperscale Data Center Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Solution (Storage, Networking, Server, Security, and Others), End User (Enterprises, Colocation Providers, and Cloud Providers), Vertical (BFSI, Telecom and IT, Media and Entertainment, Government and Public, and Others), and Geography

    According to the new research report on "Hyperscale Data Center Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the market is expected to reach US$ US$ 355.87 billion by 2031 and register a CAGR of 20.4% from 2023 to 2031.

    The report includes growth prospects owing to the current hyperscale data center market trends and their foreseeable impact during the forecast period. As the digital transformation continues, the demand for data processing power rises, highlighting the problem of reconciling technical innovation and environmental responsibility. Businesses are under increased pressure to meet sustainability due to stricter environmental regulations, investor interest in green practices for fewer risks and higher profits, and consumer preference for sustainable products. Furthermore, government initiatives are increasingly focusing on promoting sustainable data centers. For instance, the United Nations developed a plan to reduce the degree and rate at which global temperatures rise and reach net-zero emissions by 2050. This plan puts pressure on countries worldwide to develop and implement standards that eliminate greenhouse gas emissions by a specific timeframe in order to prevent a 1.5

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