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Hyperscale Data Center Market size is set to grow by USD 371.3 billion from 2024-2028, rising demand for data center colocation facilities to boost the market growth, Technavio

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NEW YORK, June 18, 2024 /PRNewswire/ — The global hyperscale data center market  size is estimated to grow by USD 371.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  37.58%  during the forecast period.  Rising demand for data center colocation facilities is driving market growth, with a trend towards growing infrastructure innovations. However, consolidation of data centers  poses a challenge. Key market players include Alphabet Inc., Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., CtrlS Datacenters Ltd., CyrusOne LLC, Dell Technologies Inc., Equinix Inc., Hewlett Packard Enterprise Co., Inspur Systems Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., NVIDIA Corp., Oracle Corp., QTS Realty Trust LLC, Schneider Electric SE, Telefonaktiebolaget LM Ericsson, and Viavi Solutions Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Critical infrastructure and Support infrastructure), End-user (BFSI, Energy, IT, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Alphabet Inc., Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., CtrlS Datacenters Ltd., CyrusOne LLC, Dell Technologies Inc., Equinix Inc., Hewlett Packard Enterprise Co., Inspur Systems Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., NVIDIA Corp., Oracle Corp., QTS Realty Trust LLC, Schneider Electric SE, Telefonaktiebolaget LM Ericsson, and Viavi Solutions Inc.

Key Market Trends Fueling Growth

The hyperscale data center market is experiencing significant growth due to advancements in infrastructure technology. Microservers are poised to replace blade servers, while flash storage and 100 Gb Ethernet are expected to supersede traditional storage. Cooling methods like free cooling, aisle containment, and liquid immersion cooling are being adopted to minimize IT equipment heat exhaust. Rack modifications include improved flexibility and in-rack cooling installations for better cable management. Vendors are innovating with rack-embedded PDUs and multi-mode UPS systems for enhanced performance. These infrastructure improvements are key trends driving the expansion of the global hyperscale data center market. 

The hyperscale data center market is experiencing significant growth, driven by the increasing demand for cloud services and the need for businesses to digitally transform. Companies are investing in data centers to support their expanding operations and improve their infrastructure. Sizes vary from small to large, with some data centers being able to handle petabytes of data. Providers offer various services such as colocation, provisioning, and connectivity. Markets in the US and Europe are leading the way, with China and India also showing strong growth. Data centers are crucial for businesses to store, manage, and access their data efficiently and securely. The use of advanced technologies like AI and machine learning is also increasing to optimize operations and enhance security. Overall, the hyperscale data center market is a dynamic and evolving sector that is essential for businesses in today’s digital economy. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Data center consolidation is a significant trend in the business world, driven by cost savings, improved security, and efficiency. Consolidation, facilitated by virtualization, reduces operational expenses and capital expenditures. However, the process involves risks and challenges, including the need for expertise and time. The consolidation of data centers can hinder infrastructure sales and reduce the overall footprint of data centers. Despite these challenges, the federal government continues to pursue data center consolidation to optimize costs and resources.The hyperscale data center market is experiencing significant growth due to the increasing demand for cloud services and digital transformation. However, this growth brings challenges. One challenge is the need for massive capacity and power to support large-scale data centers. Another challenge is the complexity of managing and securing vast amounts of data. Additionally, there is the issue of energy consumption and the need for sustainable solutions. Furthermore, the market is competitive, with various players offering similar services. Lastly, the cost of building and maintaining hyperscale data centers is high. These challenges require innovative solutions and strategic planning to ensure the success of hyperscale data center providers.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This hyperscale data center market report extensively covers market segmentation by

Type 1.1 Critical infrastructure1.2 Support infrastructureEnd-user 2.1 BFSI2.2 Energy2.3 IT2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Critical infrastructure-  The Hyperscale Data Center Market is experiencing significant growth due to the increasing demand for cloud services and digital transformation. Companies are investing heavily in building and expanding their data center infrastructure to support their growing digital needs. Hyperscale data centers offer cost savings through economies of scale and improved operational efficiency. These large-scale facilities are designed to house thousands of servers and offer high levels of reliability and redundancy. The market is expected to continue growing as more businesses move their operations online and require the infrastructure to support their digital initiatives.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Hyperscale Data Center Market is experiencing significant growth due to the increasing demand for IP data traffic, particularly from Over-The-Top (OTT) applications and the Internet of Things (IoT). Big Data and its analysis are driving the need for advanced Network Gateway Firewalls (NGFWs) and Cloud-based solutions. Small and Medium Enterprises (SMEs) are also adopting these technologies, fueled by increasing IT spending on Cloud services. Sustainability is a key consideration, with a shift towards Green data centers using renewable energy sources such as Solarvest and Centexs. Infrastructure components, including Data Center Size, are being optimized for Financial Services and other industries. Market Advantages include cost savings, scalability, and flexibility, while Market Opportunities lie in emerging economies and industries. Market Restraints and Challenges include security concerns, regulatory issues, and Capital Expenditure requirements. Cloud Providers continue to innovate, offering advanced features and services to meet these demands.

Market Research Overview

The Hyperscale Data Center Market refers to large-scale data center facilities designed to support the infrastructure needs of cloud computing companies and other technology organizations. These data centers prioritize scalability, efficiency, and flexibility to accommodate the dynamic nature of hyperscale IT environments. They typically employ advanced technologies such as containerization, automation, and high-density computing to optimize resource utilization and reduce operational costs. The market for hyperscale data centers is experiencing significant growth due to the increasing demand for cloud services and the digital transformation initiatives of businesses across various industries. Key features of hyperscale data centers include their massive size, modular design, and the use of renewable energy sources to minimize carbon footprint.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeCritical InfrastructureSupport InfrastructureEnd-userBFSIEnergyITOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Sight Machine’s Factory Namespace Manager Converts Chaos of Manufacturing Data Names Into Corporate-Standard Naming Systems

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Fine-Tuned Version of Microsoft’s Phi-3.5 is One of the First Small Language Models (SLM) for Manufacturing

SAN FRANCISCO, Nov. 13, 2024 /PRNewswire/ — Sight Machine, provider of the leading platform for data-driven manufacturing and industrial AI, today introduced Factory Namespace Manager, one of the first AI small language models (SLM) for manufacturing. The AI model tackles a core data governance challenge: mapping the multitude of factory data naming schemas into enterprise-wide unified namespaces or corporate data dictionaries.

Factory Namespace Manager is one of the first partner-enabled adapted AI models for manufacturing offered within the Azure AI model catalog, which Microsoft announced today. Factory Namespace Manager uses AI to fill a crucial gap in the technology needed to create a unified namespace: mapping between the original data field names and the corporate standard, enabling manufacturers to integrate factory data with enterprise data systems for end-to-end optimization.

SLMs Are More Cost-Effective to Train and Use

Factory Namespace Manager, which Sight Machine will demonstrate at next week’s Microsoft Ignite conference in Chicago, is a customized, fine-tuned version of Microsoft’s Phi-3.5 small language model. Unlike large language models (LLMs) – general purpose software trained on vast amounts of data – SLMs are used to focus on specific types of work and require less computing resources, offering strong performance at low cost and low latency.

“Our solution addresses a widespread challenge in the manufacturing industry, converting decentralized naming systems into a single corporate standard,” said Kurt DeMaagd, Sight Machine Chief AI Officer and Co-Founder. “This has become an acute problem as more clients push factory plant floor data to the cloud, removing data from its original context, and making the management of that data increasingly difficult.”

Tackling Complex Factory Data Environments

Individual plants often have thousands of data sources from multiple generations of machinery that are frequently 10 or 20 years old, and typically the data streams aren’t labeled in a standardized format that makes clear where the data comes from and what it represents. In order to perform analytics across lines, processes and plants (and even between otherwise-identical machines with different data labeling), companies need a standardized way to identify similar data. Today, creating this translation layer requires a heavy investment of time by subject matter experts with extensive knowledge on the nuances of both the legacy and the target naming schemas, and is thus typically done manually for a small subset of data.

“I’ve spoken to dozens of industrial companies about their current and potential use of AI in factory operations and the overwhelming feedback I hear and see in IDC survey data is that most companies are struggling to leverage AI effectively at scale due to the condition of their data,” said Jonathan Lang, Research Director of Worldwide IT/OT Convergence Strategies at IDC. “They have this dilemma that contextually similar data is formatted in multiple ways and is difficult to source and normalize amidst a complete lack of historical governance and data architecture. What I’ve heard loud and clear is that technology that helps to solve this challenge and reduce the labor requirement to decipher data will be readily adopted.”

The bottling company Swire Coca-Cola USA plans to use Factory Namespace Manager to efficiently map its extensive PLC and plant floor data into its corporate data namespace.

“We are working with Factory Namespace Manager to recognize patterns in the data we’ve manually translated, and then applying the patterns to the rest of our factory data,” said Bharathi Rajan, VP of Data & Insights at Swire Coca-Cola USA. “This will make it much easier to get relevant data to frontline workers, to inform decision making, and to integrate production insights into other parts of the company such as supply chain. This is one of the most useful applications of AI we’ve seen in manufacturing, and we’re excited to put it to work.”

“The collaboration between Microsoft and Sight Machine will give manufacturing organizations the ability to build AI solutions through Azure AI Studio and Microsoft Copilot Studio that deliver real value and advance business transformation,” said Satish Thomas, Corporate Vice President, Business & Industry Solutions, Microsoft. “Factory Namespace Manager applies SLM AI technology to a high-impact use case with strong potential ROI for companies pursuing data-driven manufacturing.”

How Sight Machine’s Manufacturing Data Platform Employs AI Techniques

AI is interwoven into Sight Machine’s Manufacturing Data Platform, which uses machine learning and other AI techniques to identify and optimize how machine settings, raw materials and production practices interact to determine throughput, quality, sustainability and other key manufacturing metrics.

Sight Machine’s AI offerings include Factory CoPilot, which uses generative AI technology to offer an intuitive, “ask the expert” experience for all manufacturing stakeholders. Built using Microsoft Azure OpenAI Service, Factory CoPilot can automatically summarize all relevant data and information about production in real-time (e.g., for daily meetings) and generate user-friendly reports, emails, charts and other content (in any language) about the performance of any machine, line or plant across the manufacturing enterprise, based on contextualized data in the Sight Machine platform.

Sight Machine also offers Blueprint, AI-driven tag-to-asset mapping software for clients that have large volumes of poorly identified data sources. It uses AI to map each data source (tag) to a specific asset (machine). Sight Machine built Blueprint in partnership with Microsoft and NVIDIA.

Learn More

To learn more about Factory Namespace Manager, please go to https://sightmachine.com/product/factory-namespace-manager/.

About Sight Machine

Sight Machine provides the leading platform for data-driven manufacturing and industrial AI, helping global manufacturers increase profitability, productivity and sustainability. Sight Machine’s Manufacturing Data Platform creates a common data foundation by capturing and structuring data from the entire factory to deliver a systemwide view of the manufacturing process. With insights powered by artificial intelligence, manufacturers can now optimize across their production processes and factory networks, and extend the impact to their broader supply and value chains. Sight Machine has offices in San Francisco and Ann Arbor, Mich. (www.sightmachine.com).

Sight Machine Press Contact: Media@sightmachine.com

 

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THINKING NATION TO PRESENT AT NSSLA AND NCSS CONFERENCES ON THE FUTURE OF SOCIAL STUDIES EDUCATION AND INNOVATIVE TEACHING APPROACHES

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Presentations Will Address Disciplinary Thinking, the Importance of Social Studies, and Dynamic, Inquiry-Based Classroom Strategies

NORTHRIDGE, Calif., Nov. 13, 2024 /PRNewswire/ — Thinking Nation, a national 501(c)(3) committed to empowering students through inquiry by transforming social studies education from content memorization to an historical thinking discipline, is excited to announce its participation in two major education conferences in Boston: the National Social Studies Leadership Association (NSSLA) Annual Conference on Nov. 20, 2024, and the National Council for the Social Studies (NCSS) Annual Conference on Nov. 22-24, 2024.

Thinking Nation Executive Director Zachary Coté said, “If social studies is to be elevated to a critical subject that the wider population sees as vital to preserving our democracy and equipping future generations for success, we must support education leaders, better equip teachers, and demonstrate our own legitimacy to other stakeholders. Thinking Nation is honored to share our insights for how to tackle these tall tasks at our nation’s largest convening in social studies education in Boston next week. With such incredible collaborators, we are hopeful for the future of social studies.”

During the conferences, Thinking Nation experts will lead sessions on disciplinary thinking assessments, the future of social studies education, and innovative teaching methods that incorporate movement to enhance student engagement. Session details follow:

NSSLA: “Breaking Down Content Silos through Disciplinary Thinking Assessments”
Thursday, Nov. 21, 2024 | 1:35-2:30 p.m.

During this session, Thinking Nation Executive Director Zachary Coté and Director of Curriculum Annie Jenson will lead a discussion exploring the critical role of disciplinary thinking common assessments in transforming school districts. By utilizing these assessments, districts can achieve vertical alignment and foster interdisciplinary collaboration, ensuring students develop a cohesive set of skills throughout their education. Attendees will learn how these assessments streamline and standardize data on student performance and provide objective insights into student learning across grades and subjects.

NCSS Vital Issues Session: “The State of Social Studies Education: What Our Many Voices Can Do Together”
Saturday, Nov. 23, 2024 |9:10-10:10 a.m.

During this special session, featuring NCSS Interim Executive Director Anton Schulzki, iCivics Inc. CEO Louise Dubé, RAND Corporation Associate Policy Researcher Melissa Diliberti and Thinking Nation Executive Director Zachary Coté, panelists will discuss the current landscape of social studies education following the 2024 election. As our nation continues to navigate complex social and political issues, the need for strong social studies and civics education is more important than ever. These experts will address the essential role social studies plays in our society and how the field of social studies education can empower students to sustain and strengthen democracy while preparing them for an evolving economic landscape.

NCSS Session: “Movers and Shakers: Strategies for Teaching Historical Thinking Through Movement”
Saturday, Nov. 23, 2024 | 4:35-5:00 p.m.

During this session led by Thinking Nation’s Director of Curriculum Annie Jenson, participants will learn innovative strategies for teaching historical thinking through movement-based activities that encourage students to think deeply and critically about content. Attendees will discover practical, collaboration-infused lesson ideas and templates that align with curriculum requirements while addressing adolescents’ developmental needs. This interactive approach fosters active learning and enhances classroom management by creating a student-centered, engaging environment that makes learning intellectually rigorous.

Visitors to the conferences can further explore these topics and meet Thinking Nation experts at exhibit booth #114.

Jenson added, “In our polarized climate, finding common ground can be more than a little challenging. That’s why I am truly looking forward to connecting and collaborating with fellow social studies leaders and educators at the NSSLA and NCSS conferences. These events offer incredible opportunities for professional growth, and I am eager to be reinspired and reenergized in our task of cultivating informed and engaged students. Thinking Nation is committed to advancing social studies education by providing educators with tools and strategies that cultivate critical thinking and inquiry skills among students. These presentations underscore Thinking Nation’s dedication to building a generation of informed and active citizens.”

For more information on Thinking Nation’s innovative approach to fostering historical thinking in social studies education, visit thinkingnation.org. To donate and support the organization’s work to transform social studies classrooms across the country, go to thinkingnation.org/donate.

About Thinking Nation
Thinking Nation is a national 501(c)(3) committed to empowering students through inquiry by transforming social studies education from content memorization to an historical thinking discipline. We believe that education is our greatest equalizer, and that every student, regardless of zip code or socio-economic background, deserves access to learning practices that reflect the diversity of identities, histories, contributions, and experiences to support enriched educational opportunity, equity, and success for all. Thinking Nation currently serves more than 35,000 students in 16 states and the District of Columbia. For more information about Thinking Nation or to become a part of this transformative initiative, please visit thinkingnation.org

Media Contacts
Laura Wessells and Martha Holler
ShinePR for Thinking Nation
ThinkingNation@shinepr.com

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Tinuiti Receives Highest Possible Scores in Media Planning, Measurement and Attribution Criteria in First-Ever Media Management Services Report by Top Global Research and Advisory Firm

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Tinuiti is the only agency to receive the highest possible score in the Media Planning criterion

NEW YORK, Nov. 13, 2024 /PRNewswire/ — Tinuiti, the largest independent full-funnel marketing agency across the media that matters most, has been named a ‘Strong Performer’ among the most significant media management services providers in The Forrester Wave™: Media Management Services, Q4 2024. The report cites Tinuiti’s “next best customer” approach and focus on business impact, assigning Tinuiti the highest possible scores in the Media Planning, Measurement and Attribution, and Pricing Flexibility and Transparency criteria.

Tinuiti attributes these scores to Tinuiti’s audience and media planning approach, TAPS, and Tinuiti’s proprietary measurement suite, Bliss Point by Tinuiti—which includes products such as Rapid Media Mix Modeling (rMMM), Incrementality, Forecasting, In-store Sales Lift, Creative Insights, and Brand Equity-as the platforms and process that have led to best-in-class- approach.

The report, authored by Jay Pattisall, Vice President, Principal Analyst at Forrester Research, identified, researched, analyzed, and scored the 12 most significant digital global media management service providers via a 22-criterion evaluation assessing each provider’s Current Offering and Strategy.

Jeremy Cornfeldt, President at Tinuiti, said: “To deliver true full-funnel success, brands must combine deep channel expertise with sophisticated audience and media planning. Tinuiti is the only agency to receive the highest score in the Media Planning criterion, with the Forrester report citing “Tinuiti excels in media planning through a next best customer approach, powered in equal parts by its TAPS planning process and proprietary Bliss Point technology.” To us, this long-awaited Forrester Wave report reinforces Tinuiti’s commitment to ongoing innovation and evolution—and that’s exactly what we set out to demonstrate.”

Tinuiti received the highest scores possible (5/5) in three criteria:

Media planning: “Tinuiti excels in media planning through a ‘next best customer approach,’ powered in equal parts by its TAPS planning process and proprietary Bliss Point technology.”
Measurement and attribution: Our measurement suite, Bliss Point by Tinuiti, sits at the center of our strategic process and fuels our teams to recognize real-time insights and actions.
Pricing flexibility and transparency: “[Tinuiti] boasts a superior pricing model with performance-based, time-and-materials, and SaaS-fee commercial models.”

Officially unveiled earlier this year, Bliss Point by Tinuiti is a suite of patented measurement technology designed to help marketers achieve the optimal level of investment to maximize impact and efficiency. In conjunction with Bliss Point, TAPS, fuels an integrated marketing approach, working in lock-step with Rapid Media Mix Modeling (rMMM) to quantify the audience opportunity and consumer journey by driving upper-funnel success. Powered by TAPS, Tinuiti’s strategic process is a recursive cycle beginning with the highest-fidelity customer data, which is used to develop insights from existing customers. This enables optimized strategies and tactics across transaction, attention and persuasion, and collectively delivering the next best customer.

The report by Jay Pattisall, Vice President, Principal Analyst at Forrester Research, said: “Tinuiti is a good fit for traditional enterprise brands applying growth marketing tactics and digital-native, direct-to-consumer brands entering measurable mass marketing.”

In the past five years, the agency has experienced tremendous growth, including three major transformations: a structural redesign to a client-centric model, new brand repositioning to reflect full-funnel capabilities and product-led approach, and the launch of Bliss Point by Tinuiti, the agency’s proprietary technology suite. During this period, Tinuiti’s Media Agency of Record revenue has tripled, proving that the agency’s product-driven, full-funnel performance model is exactly what brands need.

For four decades, Forrester Research has given business and technology leaders the information necessary to accelerate growth and make confident, informed decisions. Read The Forrester Wave™: Media Management Services, Q4 2024 here.

About Tinuiti
Tinuiti is the largest independent full-funnel marketing agency in the US across the media that matters most. Tinuiti has $4 billion in digital media under management and more than 1,200 employees. The agency’s patented tech, Bliss Point by Tinuiti, measures what marketers previously struggled to measure, delivering unprecedented clarity in today’s murky marketing world to get brands to their Marketing Bliss Point. Tinuiti’s product-led approach gives brands an edge in – and across – every channel. With industry-leading expertise in Commerce, Search, Social, TV, and more, Tinuiti drives meaningful, measurable business outcomes for brands. For more information visit https://tinuiti.com/.

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