Posted 3/4/2024, 9:33:00 AM
Hyperscale Data Center Market Booming, Expected to Reach $196B by 2029
- Global hyperscale data center market valued at $139B in 2022, expected to reach $196B by 2029 with 5.9% CAGR
- Rise of 5G, cloud computing driving demand for large hyperscale data centers
- Governments offering incentives to attract data center investments
- Companies adopting renewable energy and efficient cooling for data centers
- North America, APAC lead hyperscale growth; expansion seen in Europe, Middle East, Africa