Chicago, March 24, 2022 (GLOBE NEWSWIRE) — According to the latest research report on Arizton, the U.S. hyperscale data center market will grow at a CAGR of 3.4% during 2022-2027. Several operators are involved in land acquisition for future development, which is contributing to strong market growth. Facebook is expected to invest in the development of 12 data center facilities by adding an area of around 5 million sq. ft. In October 2021, DataBank acquired 34 acres of land in New York for the development of a data center. Yondr, one of the new entrants in the market, acquired 270 acres of land to develop a data center campus in Northern Virginia.
U.S. Hyperscale Data Center Market Report Scope
| REPORT ATTRIBUTES | DETAILS | |
| MARKET SIZE 2027 (REVENUE) | $63 Billion | |
| MARKET SIZE 2027 (AREA) | 16 Million Sq.Ft. | |
| MARKET SIZE 2027 (POWER CAPACITY) | 2,507 MW | |
| CAGR (2022-2027) | 3.41% | |
| BASE YEAR | 2021 | |
| FORECAST YEAR | 2022-2026 | |
| MARKET SEGMENTS | Infrastructure, IT infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Cooling Systems, Cooling Technique, General Construction and Geography | |
| GEOGRAPHIC ANALYSIS | U.S. | |
| REGION COVERED | Western US, Southeastern US, Midwestern US, Southwestern US, and Northeastern US | |
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IOT & BIG DATA BOOSTING DEMAND
Major factors driving the hyperscale data center market in the US are adoption of advanced technology such as artificial intelligence, IoT, and big data, increased cloud computing, and increased coverage of 5G services across the country.
IoT and Big Data have fueled the demand for data center development across the US over the past few years. During COVID-19 big data simplified the tracking of cases in countries, states, and cities. The rise in big data will add new business requirements and allow greater use of data center facilities. The US is one of the major hubs for IoT and big data, where more data will be generated. As a result, to keep the data secured, hyperscale development were witnessed in the…
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