According to a new report, published by KBV research, The Global Hyperscale Cloud Market size is expected to reach $1.8 Trillion by 2030, rising at a market growth of 34.9% CAGR during the forecast period.
The IoT Applications segment is showcasing a CAGR of 35.6% during (2023 - 2030). IoT devices produce massive volumes of data from sensors, machines, and other endpoints. Large amounts of this data need to be gathered, analyzed, and stored. Hyperscale cloud providers offer the infrastructure and scalability needed to handle this data deluge efficiently. IoT-generated data needs secure and reliable storage solutions. Hyperscale cloud services provide cost-effective and scalable data storage options that accommodate the growing volumes of IoT data. IoT applications create a symbiotic relationship with hyperscale cloud providers.
The Telecom & IT segment is leading the Global Hyperscale Cloud Market, by Industry in 2022 thereby achieving a market value of $383.1 billion by 2030. IT and telecom companies heavily rely on hyperscale cloud providers to host and manage their data centers. They use hyperscale cloud services to efficiently store and process large volumes of data. IT and telecom companies use hyperscale cloud platforms to leverage artificial intelligence (AI) and machine learning (ML) capabilities for predictive maintenance, network optimization, and customer analytics.
The Small & Medium Enterprises segment has shown the high growth rate of 35.8% during (2023 - 2030). SMEs benefit from the scalability of hyperscale cloud services without investing heavily in on-premises infrastructure. They start with a small cloud footprint and expand as their needs grow, avoiding significant upfront capital expenditures. SMEs access cutting-edge technologies, such as AL, ML, big data analytics, and IoT services, through hyperscale cloud providers without building these capabilities in-house. SMEs in retail and e-commerce sectors use hyperscale cloud platforms to host their online stores, ensuring scalability, reliability, and performance during peak shopping seasons.
The North America market dominated the Global Hyperscale Cloud Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $617,816.5 Million by 2030. The Europe market is anticipated to grow at a CAGR of 34.7% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 35.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/hyperscale-cloud-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Atos Group, Google LLC (Alphabet Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), VMware, Inc., Hewlett Packard Enterprise Company (HP Development Company L.P.), Fujitsu Limited, IBM Corporation, Microsoft Corporation, Oracle Corporation, and Salesforce, Inc.
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