Core Insights - The global hyperscale data center market is projected to reach a valuation of US 95.95 billion by 2032, indicating its critical role in supporting hyperscale data centers [7] - The global server market shipments reached 14 million units in the first half of 2023, contributing to the growth of hyperscale facilities [7] Technological Advancements - The construction of submarine cables by major tech companies is transforming data transmission methods, enhancing connectivity between regions [3] - The rise of AI and machine learning is driving hyperscale operators to integrate advanced technologies like quantum computing and edge computing into their infrastructures [4] - The market for power management solutions for data centers is valued at US 15 billion annually in data analytics by 2025, highlighting the importance of hyperscale data centers in various industries [4] - The banking industry is expected to allocate upwards of US$ 50 billion on cloud infrastructure over the next five years, underscoring the critical role of hyperscale data centers [5] - Major internet companies are investing heavily in submarine cable projects to enhance global data transmission capabilities [3] Regional Developments - New hyperscale facilities are emerging in regions like South Asia and Latin America, promoting globalization and digital development [2] - The hyperscale data center market is expanding globally, with significant investments in infrastructure to meet the growing demand for cloud computing and data storage [5]
Hyperscale Data Center Market to Reach US$ 177.58 Billion By 2032 | Astute Analytica