Product ID: UCMIG45B2044
Report ID:
UCMIG45B2044 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global hyperscale computing market reached a significant valuation of USD 56.83 billion. Looking ahead, the market is projected to witness substantial growth with a compound annual growth rate (CAGR) of 23.9% from 2023 to 2030. Hyperscale computing refers to the deployment of high-performance computing systems capable of handling massive amounts of data and supporting cloud services. The increasing demand for efficient data management, storage, and processing, driven by the rise of Big Data, artificial intelligence, and IoT applications, is expected to fuel the growth of the hyperscale computing market. Furthermore, the growing adoption of cloud services across various industries, coupled with advancements in technology infrastructure, is anticipated to contribute to the expansion of this market in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45B2044