With the emergence and long-term Impact of COVID-19, Global Hyperscale Cloud Market to reach USD 2239.64 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Hyperscale Cloud Market points towards a potential rise to USD 2239.64 billion by 2030. Hyperscale cloud refers to a specific type of cloud computing architecture that is built to offer immense scalability, high performance, and flexibility to handle extremely high workloads and data volumes. The term is associated with significant public cloud service providers, such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and others. The increasing penetration of mobile and IoT devices, rising usage of cloud computing by various businesses, increasing availability of high-speed internet, and growing focus on disaster recovery and business continuity are the key factors bolstering the market demand across the globe.
Geographically, the global Hyperscale Cloud market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising popularity of AI and ML among various businesses in a variety of industries, as well as the rising focus on processing large volumes of digital data. Additionally, the presence of significant hyperscalers such as AWS, Microsoft, Google, and others is further attributing to the regional market growth. The AAG (an IT technology company) estimated in July 2023 that Google, Microsoft, and Amazon are likely to dominate 66% of the cloud industry.
Also, the report noted that in the United States, cloud computing in healthcare is predicted to increase by 40% between 2020 and 2025, Whereas, Asia Pacific is expected as the fastest growing region over the forecast years. The rising adoption of SaaS solutions, growing urbanization, coupled with the increasing utilization of digital technologies are the leading factors that are contributing towards the market demand across the region. Major regional companies are also concentrating on enhancing and growing their cloud infrastructure in order to build strong networks. For instance, in August 2022, Google intended to establish three additional cloud regions in Thailand, Malaysia, and Zealand to satisfy the rising demand for cloud services.
The global Hyperscale Cloud market is highly competitive owing to the presence of several key players such as Alibaba Group (China) Google LLC (Alphabet, Inc.) (U.S.) Amazon Web Services, Inc. (U.S.) Hewlett-Packard Enterprise Development LP (U.S.) Fujitsu Limited (Japan) IBM Corporation (U.S.) Microsoft Corporation (U.S.) Oracle Corporation (U.S.) Salesforce, Inc. (U.S.) VMware, Inc. (U.S.), and others.
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Key findings of the study suggest:
- Global Hyperscale Cloud Market is anticipated to grow with a healthy growth rate of more than 37.8% over the forecast period 2023-2030.
- In the Type segment, Small & Medium Enterprises emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising popularity of AI and ML among various businesses in a variety of industries in the region.
- Asia Pacific is expected to grow at higher rate owing to growing urbanization in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Enterprise Type:
- Small & Medium Enterprises
- Large Enterprises
By Application:
- IoT Applications
- Cloud Computing
- Big Data Analytics
- Others
By Industry:
- Manufacturing
- Energy & Utilities
- BFSI
- Healthcare
- E-Commerce & Retail
- IT & Telecom
- Automotive
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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