Rising Need For High-Performance Technology And Cloud Computing

Published: May 2023

The global hyperscale computing market is anticipated to grow at a CAGR of 21.4% during the forecast period. The need for cloud-based solutions is fueled by the rise in technological use and consumer preference for the cloud. Due to this technology, the user can obtain the data remotely. Additionally, as organizations become more aware of how critical it is to save money and resources by moving their data to the cloud, the demand for cloud-based solutions is expanding. Several companies leveraged the increasing demand for hyperscale computing. For instance, Amazon Web Services (AWS) offers a wide range of services and solutions to enable businesses to scale their operations rapidly. Its flagship service, Amazon Elastic Compute Cloud (EC2), allows users to rent virtual servers in the cloud, providing the flexibility and scalability needed to meet changing computational requirements. These benefits have led to a greater adoption of cloud-based solutions by large enterprises, and small and medium-sized enterprises. 

Browse the full report description of “Hyperscale Computing Market Size, Share & Trends Analysis Report by Type (Solution and Service), by Enterprise Size (Large Enterprises, and Small and Medium Enterprises), by Application (Cloud Computing, Big Data, and IoT), by end-user (BFSI, IT and Telecom, Media and Entertainment, Retail and E-Commerce, and Healthcare) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/hyperscale-computing-market

With the rising demand for cloud computing market players adopted various strategies including mergers and acquisitions, partnerships, funding, collaborations, and new product launches to stay competitive in the market. For instance, in October 2022, Intel collaborated with Google Cloud, a cloud computing services platform by Google. The collaboration includes teaming up to develop a new chip intended to improve data centers' efficiency and safety. In June 2022, Google Cloud came into partnership with Exabeam, a US-based developer of a security intelligence platform. The partnership involves developing hyperscale cloud-native SIEM and Cybersecurity analytics offerings. 

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o Component

o Enterprise Size

o Application

o End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including Amazon Web Services, Inc., Dell Technologies, Inc, Hewlett Packard Enterprise Development LP, Intel Corp., Server Technology, Inc, and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Hyperscale Computing Market Report Segment

By Type

  • Solution
  • Service

By Enterprise Size

  • Large Enterprises
  • Small and Medium Enterprises

By Application

  • Cloud Computing
  • Big Data
  • IoT

By End-User

  • BFSI
  • IT and Telecom
  • Media and Entertainment
  • Retail and E-commerce
  • Healthcare

Global Hyperscale Computing Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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