Hyperscale Data Centers Strategic Business Research Report 2024: Market to Reach $730 Billion by 2030, Driven by Expansion of Global Cloud Infrastructure and Increasing Focus on Green Data Centers
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The hyperscale data center market is projected to grow from $170 billion in 2023 to $730 billion by 2030, driven by cloud infrastructure expansion, big data, AI, and sustainability efforts. Major cloud providers like AWS, Microsoft Azure, and Google Cloud are expanding their data center footprints to meet increasing demand.
November 11, 2024 | 3:45 pm
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Amazon's AWS is expanding its data center footprint to meet growing demand for cloud services, contributing to the hyperscale data center market's projected growth.
AWS is a major player in the cloud services market, and its expansion of data centers aligns with the projected growth of the hyperscale data center market. This expansion is likely to positively impact Amazon's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Google Cloud is expanding its data center infrastructure to support the growing demand for cloud services, contributing to the hyperscale data center market's growth.
Google Cloud's expansion of data centers is aligned with the growth of the hyperscale data center market, driven by increased demand for cloud services. This expansion is expected to positively impact Google's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft Azure is expanding its global data center footprint, contributing to the growth of the hyperscale data center market driven by cloud service demand.
Microsoft Azure's expansion in data centers is a direct response to the increasing demand for cloud services, which is a key driver of the hyperscale data center market. This is likely to have a positive short-term impact on Microsoft's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80