PUBLISHER: KBV Research | PRODUCT CODE: 1709799
PUBLISHER: KBV Research | PRODUCT CODE: 1709799
The North America Hyperscale Data Center Market would witness market growth of 21.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Hyperscale Data Center Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $157,432.2 million by 2031. The Canada market is expected to witness a CAGR of 24.2% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 23.2% during (2024 - 2031).
The market represents one of the most dynamic and rapidly evolving sectors within the global technology landscape. As the digital economy accelerates, driven by an insatiable demand for data processing, storage, and connectivity, hyperscale data centers have emerged as the backbone of modern computational infrastructure. These massive facilities, designed to support thousands of servers and handle enormous workloads with unparalleled scalability, are pivotal to the functioning of cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and other transformative technologies.
The scalability and cutting-edge engineering have positioned hyperscale data centers as critical enablers of the digital age, supporting everything from social media platforms to advanced scientific research. Moreover, the market has witnessed exponential growth in recent years, fuelled by the proliferation of data-intensive applications and the global shift toward cloud-based services. Major technology companies such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and Meta invest heavily in these facilities alongside a growing cadre of colocation providers and enterprises.
Mexico's retail sector, valued at USD 76 billion and comprising over 47,000 stores, is rapidly digitalizing, with Walmart de Mexico dominating the supermarket industry. The growing shift toward online and omnichannel retail creates a higher dependency on cloud computing and big data analytics, necessitating advanced hyperscale data centers. Retail giants in Mexico are increasingly leveraging cloud-based infrastructure to manage large-scale operations, track consumer behavior, and optimize supply chain logistics, further driving hyperscale data center deployments. Thus, the rapid growth of e-commerce in Canada, the retail expansion in Mexico, and the increasing adoption of cloud computing services in the U.S. collectively propel the demand for hyperscale data centers in North America.
Based on Data Center Size, the market is segmented into Large Data Centers, and Small and Medium-Sized Data Centers. Based on Component, the market is segmented into Solution (Server, Storage, Networking, and Software), and Services (Installation, Maintenance & support, and Consulting Services). Based on Industry, the market is segmented into IT & Telecommunications, Retail & E-commerce, BFSI, Government, Energy & Utilities, Healthcare, and Other Industry. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America Hyperscale Data Center Market Report Segmentation
By Data Center Size
By Component
By Industry
By Country