LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global #hyperscale #datacenter market to grow at a CAGR of more than 11% during the forecast period, according to their latest report. Global hyperscale data center market is expected to grow at a CAGR of more than 11% from 2017-2021. @Technavio Tweet this The market study covers the present scenario and growth prospects of the global hyperscale data center market for 2017-2021. The report also lists tower servers, rack-mount servers, and blade servers as the three major critical infrastructure segments. According to Sunil Kumar Singh, a lead analyst at Technavio for data center research, “The increase in the construction of data centers is driven by the rise in demand for cloud-based services and big data analytics. The demand for these offerings is rising because of the increase in data generated through connected devices in the form of the Internet of Things. The demand for cloud-based services will continue to increase during the forecast period.” This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Technavio analysts highlight the following three market drivers that are contributing to the growth of the global hyperscale data center market: Adoption of cloud-based storage by enterprises Increase in business operational needs Emergence of government data centers Looking for more information on this market? Request a free sample report Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Adoption of cloud-based storage by enterprises Storing data in the cloud is proving to be an effective medium for enterprises worldwide. Commercial data requires a large storage space, which varies in SMEs and large enterprises. With the increasing amount of data generated through IoT, storing data on-premise is proving to be expensive. Therefore, many enterprises have started moving their data to the cloud storage by selecting service providers, such as Microsoft Azure, Amazon Web Services, and Google Cloud Platform. The demand for storage as a service (STaaS) has also increased because of the reduced cost, better scalability, and high availability of storage. “The global STaaS market is expected to reach around USD 30 billion by 2020. CSPs are focusing on the construction of cloud data centers worldwide because of the growing adoption of cloud-based storage by enterprises. These data centers are likely to be installed with advanced storage infrastructures, such as flash and hybrid arrays. Cloud computing provides users with options to archive and backs up data online,” says Sunil. Increase in business operational needs The adoption of cloud-based services and big data analytics is growing at a significant pace. Also, the growing digitization has resulted in a significant increase in the amount of data generated and processed by enterprises. Several devices are used to access information that is stored in data centers. This creates the need for powerful networking so that operators can provide better services. Processor, HDD, and SSD manufacturers, such as Intel, Seagate, and Western Digital, are looking to increase the efficiency of storage systems through innovative offerings. There has been a significant increase in the need for data access and number of applications deployed. Regarding storage infrastructure, B2C is growing with the increase in the Internet user base worldwide. The utilization of IT infrastructure has also increased with the advent of virtualization, leading to competition among businesses. To gain better control over IT infrastructure, organizations are adopting hyper-converged infrastructure. The growing business needs are prompting enterprises to adopt additional storage infrastructure. Many enterprises are becoming highly dependent on CSPs for their business operations. Emergence of government data centers ICT is the backbone of many government operations across countries. Over the past decade, many government agencies worldwide have constructed data centers for their operations. In the US, almost all state and local government agencies operate data centers that are located across the country. This trend is spreading worldwide along with the increase in adoption of cloud-based services, big data analytics, and IoT. Many countries also support global enterprises in establishing data centers in their countries. Several colocations and managed cloud hosting providers are allocating private spaces in their data centers for government agencies to gain benefits of a modern infrastructure, cloud, and big data analytics. Almost all government agencies worldwide are likely to operate through modern technologies, which augurs well for the global hyperscale data center market.
http://www.businesswire.com/news/home/20170904005104/en/High-Adoption-Cloud-based-Storage-Boost-Growth-Hyperscale
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