Report: Hyperscale Data Center Market Valuation To Exceed USD 65 Billion By 2025
Rapid increase in business data is encouraging the large enterprises to invest heavily in IT expansion.
The hyperscale data center market is set to grow from its current market was valued at over USD 20 billion in 2018 to USD 65 billion by 2025, according to a new research report by Global Market Insights, Inc.
Rise in the demand for big data and cloud computing solutions in distributed computing environments is expected to drive the hyperscale data center market. Rapid increase in data traffic is the major challenge for organizations to store, manage and retrieve the massively growing data. The companies are adopting cloud computing solutions for its increased benefits such as flexibility, reduced IT expenses, scalability, collaboration efficiency, and access to automatic updating and storage of large volume of data.