North American Market Forecast
The market share of hyperscale data centers in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the growing digitalization in the region as well as the strong existence of companies with the broadest data center footprint together with the increasing investment in advanced technologies in the North American region. It was found that over 50% of the world's hyperscale data centers were located in the U.S. in 2021. Moreover, the base of many large bid-data producing companies, including Microsoft, Amazon, Google, IBM, and Meta along with their expanding facilities of cloud provision is further expected to boost the market growth.
APAC Market Statistics
The Asia Pacific hyperscale data center market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The growth of the market can be attributed majorly to the growing base of big data-producing companies in the region together with the rising need to store, manage and process these vast volumes of data. As per research, it was found that in 2021, China was the next biggest contributor to hyperscale data center capacity after the US across the globe, and accounted for nearly 15% of the overall hyperscale data centers operated in that year.
Europe Market Forecast
Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The increasing investment in the field of technology as well as the growing development of IT infrastructure to promote digital transformation and growth of the region besides the rise in the number of data centers is estimated to boost the regional market growth in the upcoming years.
Author Credits: Abhishek Verma
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