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Hyperscale Data Centers Market By Component (Solution, Service, Installation & Deployment, Maintenance & Support, Monitoring Services), By Application Protocol (Government, IT & Telecom, Entertainment & Media, Others), By End User (Cloud Providers, Colocation Providers, Enterprises) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

Summary
Table Of Content

Extraordinary growth in public cloud and data center revenues is likely to fuel the growth of the hyper-scale data center market.

Globally, the hyperscale data centers market is expected to grow with a CAGR of more than 17.5% during the forecast period from 2019 to 2027, starting from US$ 18.55 billion in 2017. Hyperscale data centers are designed to offer a single, largely scalable computer architecture. The primary idea behind developing hyper-scale data centers is to start with a small infrastructure in order to keep the initial investments as low as possible. Based on the increasing demand, the initial infrastructure can be exhausted by adding new nodes to the cluster.

Furthermore, the growing demand for online services such as social networking, gaming websites, and live channels is generating a large volume of data that needs proper storage and processing. Cloud computing has been changing data storage requirements, and its rapid growth is expected to generate high demand for cloud resources and data centers. Moreover, hyper-scale data centers provide various advantages, such as maximizing the cooling effect, allocating electrical power in discrete packages, ensuring electricity availability, and balancing workloads across servers. These accomplishments of hyper-scale data centers also drive their adoption.

Hyperscale data centers are largely adopted by big companies such as Amazon and Google. Due to the increasing number of IT companies and rapid growth in computer technologies, the hyperscale data center is thereby supporting its emergence as one of the fastest-growing technologies in the IT infrastructure world. However, hyper-scale data centers consume a large amount of power, which generates heat that is harmful to the environment. Also, in order to develop a hyper-scale data center, the initial investment and installation costs are very high. Also, there can be issues with the limitation of storage space, which could also slow the rate of adoption of hyperscale data centers. These factors are likely to hinder the growth of this market during the forecast period.

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Market Synopsis

Networking equipment segment to dominate the hyperscale data centers market.

Based on components, the hyperscale data center market is segmented into solutions and services. The solutions segment covers the market for cooling, IT racks and enclosures, power, LV/MV distribution, networking equipment, and DCIM. The networking equipment segment is likely to dominate the hyper-scale data center market by holding a market share of around 30%. As there is a rapid increase in the size of IT facilities to support widespread business operations, there is a growing need for smooth data transfer and data integration.

Integration of a large number of servers and storage devices requires effective network infrastructure to ensure effective communication and sharing of enterprise data. Also, large companies are gradually moving towards adopting software-defined networking technology, which helps them achieve high performance and low expectancy in data processing and transmission. These factors largely drive the demand for networking equipment and thus fuel the growth of this market.

North America is expected to dominate the market in the near future.

North America dominates the hyper-scale data center market by holding the largest market share of the total revenue generated worldwide. Owing to the technological advancements and increasing adoption of cloud-based solutions for big data storage and cloud computing in North America, this region has a greater impact on the overall market size of hyper-scale data centers. Following North America, Europe holds the second position in the global market owing to the increasing adoption of this solution in various industry verticals.

As the companies in North America and Europe have high spending capacities, these regions dominate the global market; however, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. As countries such as India and China provide significant IT infrastructure, have a strong presence of OTT providers and telecom operators, and have a large customer base, the hyperscale data center market is experiencing a boom in this region. Moreover, there is a strong internet penetration rate in this region, which also provides high growth opportunities to the service providers.

Some of the prominent players operating in the Schneider Electric SE include NVIDIA Corporation, Sandisk LLC, Lenovo Group Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., Dell, Inc., Huawei Technologies Co., Ltd., Cavium, Inc., and Broadcom Ltd., among others.

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Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The hyper-scale data centers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global hyperscale data center market based on solution, service, application, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

What was the market size of hyper-scale data centers in 2018 and the forecast up to 2027?
Which is the largest regional market for networking equipment?
What are the major trends followed in the hyperscale data center market across different regions?
Who are the key hyper-scale data center companies leading the market?
What are the key strategies adopted by the leading hyperscale data center companies in the market?

Unique data points of this report

Statistics on hyper-scale data centers’ penetration and spending worldwide
Recent trends across different regions in terms of the adoption of hyperscale data centers for various applications in various industries
Notable developments were going on in the hyperscale data centers industry.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global HDC Market
2.2 Global HDC Market, By Component , 2018 (US$ Bn)
2.3 Global HDC Market, By Application Protocol, 2018 (US$ Bn)
2.4 Global HDC Market, By End User, 2018 (US$ Bn)
2.5 Global HDC Market, By Geography, 2018 (US$ Bn)

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global HDC Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key HDC Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Hyperscale Data Centers (HDC) Market Analysis, by Component , 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Solution
4.2.1 Cooling
4.2.2 Power
4.2.3 IT racks & enclosures
4.2.4 LV/MV distribution
4.2.5 DCIM
4.3 Service
4.4 Installation & deployment
4.5 Maintenance & support
4.6 Monitoring services

Chapter 5 Global Hyperscale Data Centers (HDC) Market Analysis, by Application Protocol, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 BFSI
5.3 Government
5.4 IT & telecom
5.5 Entertainment & media
5.6 Others

Chapter 6 Global Hyperscale Data Centers (HDC) Market Analysis, by End User, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Cloud providers
6.3 Colocation providers
6.4 Enterprises

Chapter 7 North America Hyperscale Data Centers (HDC) Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 North America HDC Market Analysis, By Component, 2017 – 2027
7.2.1 Market Analysis
7.3 North America HDC Market Analysis, By Application Protocol, 2017 – 2027
7.3.1 Market Analysis
7.4 North America HDC Market Analysis, By End User, 2017 – 2027
7.4.1 Market Analysis
7.5 North America HDC Market Analysis, By Region/Country, 2017 – 2027
7.5.1 U.S.
7.5.1.1 U.S. HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
7.5.1.2 U.S. HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
7.5.1.3 U.S. HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
7.5.2 Rest of North America
7.5.2.1 Rest of North America HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
7.5.2.2 Rest of North America HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
7.5.2.3 Rest of North America HDC Market Value, By End User, 2017 – 2027 (US$ Bn)

Chapter 8 Europe Hyperscale Data Centers (HDC) Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Europe HDC Market Analysis, By Component , 2017 – 2027
8.2.1 Market Analysis
8.3 Europe HDC Market Analysis, By Application Protocol, 2017 – 2027
8.3.1 Market Analysis
8.4 Europe HDC Market Analysis, By End User, 2017 – 2027
8.4.1 Market Analysis
8.5 Europe HDC Market Analysis, By Region/Country, 2017 – 2027
8.5.1 U.K.
8.5.1.1 U.K. HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
8.5.1.2 U.K. HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
8.5.1.3 U.K. HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
8.5.2 Germany
8.5.2.1 Germany HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
8.5.2.2 Germany HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
8.5.2.3 Germany HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
8.5.3 France
8.5.3.1 France HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
8.5.3.2 France HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
8.5.3.3 France HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
8.5.4 Rest of Europe
8.5.4.1 Rest of Europe HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
8.5.4.2 Rest of Europe HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
8.5.4.3 Rest of Europe HDC Market Value, By End User, 2017 – 2027 (US$ Bn)

Chapter 9 Asia Pacific Hyperscale Data Centers (HDC) Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 Asia Pacific HDC Market Analysis, By Component , 2017 – 2027
9.2.1 Market Analysis
9.3 Asia Pacific HDC Market Analysis, By Application Protocol, 2017 – 2027
9.3.1 Market Analysis
9.4 Asia Pacific HDC Market Analysis, By End User, 2017 – 2027
9.4.1 Market Analysis
9.5 Asia Pacific HDC Market Analysis, By Region/Country, 2017 – 2027
9.5.1 China
9.5.1.1 China HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
9.5.1.2 China HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
9.5.1.3 China HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
9.5.2 Japan
9.5.2.1 Japan HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
9.5.2.2 Japan HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
9.5.2.3 Japan HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
9.5.3 India
9.5.3.1 India HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
9.5.3.2 India HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
9.5.3.3 India HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
9.5.4 Rest of Asia Pacific
9.5.4.1 Rest of Asia Pacific HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
9.5.4.2 Rest of Asia Pacific HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
9.5.4.3 Rest of Asia Pacific HDC Market Value, By End User, 2017 – 2027 (US$ Bn)

Chapter 10 Rest of the World (RoW) Hyperscale Data Centers (HDC) Market Analysis, 2017 – 2027 (US$ Bn)
10.1 Overview
10.2 RoW HDC Market Analysis, By Component , 2017 – 2027
10.2.1 Market Analysis
10.3 RoW HDC Market Analysis, By Application Protocol, 2017 – 2027
10.3.1 Market Analysis
10.4 RoW HDC Market Analysis, By End User, 2017 – 2027
10.4.1 Market Analysis
10.5 RoW HDC Market Analysis, By Region/Country, 2017 – 2027
10.5.1 Middle East & Africa (MEA)
10.5.1.1 MEA HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
10.5.1.2 MEA HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
10.5.1.3 MEA HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
10.5.2 Latin America
10.5.2.1 Latin America HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
10.5.2.2 Latin America HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
10.5.2.3 Latin America HDC Market Value, By End User, 2017 – 2027 (US$ Bn)

Chapter 11 Company Profiles
11.1 Schneider Electric SE
11.2 Sandisk LLC
11.3 NVIDIA Corporation
11.4 Lenovo Group Ltd.
11.5 Intel Corporation
11.6 IBM Corporation
11.7 Microsoft Corporation
11.8 Cisco Systems, Inc.
11.9 Dell EMC
11.10 Huawei Technologies Co., Ltd.
11.11 Cavium, Inc.
11.12 Broadcom Ltd.

List of Figures

FIG. 1 Global Hyperscale Data Centers (HDC): Market Segmentation
FIG. 2 Global HDC Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global HDC Market, By Component , 2018 (US$ Bn)
FIG. 5 Global HDC Market, By Application Protocol, 2018 (US$ Bn)
FIG. 6 Global HDC Market, By End User, 2018 (US$ Bn)
FIG. 7 Global HDC Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global HDC Market Value, 2017 – 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Market Positioning of Key HDC Vendors, 2018
FIG. 11 Global HDC Market Value Contribution, By Component , 2018 & 2027 (%)
FIG. 12 Global Solutions Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Cooling Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global Power Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 Global IT racks & enclosures Market Value, 2017 – 2027, (US$ Bn)
FIG. 16 Global LV/MV distribution Market Value, 2017 – 2027, (US$ Bn)
FIG. 17 Global DCIM Market Value, 2017 – 2027, (US$ Bn)
FIG. 18 Global Service Market Value, 2017 – 2027, (US$ Bn)
FIG. 19 Global Installation & deployment Market Value, 2017 – 2027, (US$ Bn)
FIG. 20 Global Maintenance & support Market Value, 2017 – 2027, (US$ Bn)
FIG. 21 Global Monitoring services Market Value, 2017 – 2027, (US$ Bn)
FIG. 22 Global HDC Market Value Contribution, By Application Protocol, 2018 & 2027 (%)
FIG. 23 Global BFSI Market Value, 2017 – 2027, (US$ Bn)
FIG. 24 Global Government Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Global IT & telecom Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Global Entertainment & media Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Global Other Applications Market Value, 2017 – 2027, (US$ Bn)
FIG. 28 Global HDC Market Value Contribution, By End User, 2018 & 2027 (%)
FIG. 29 Global HDC Market Value from Cloud providers, 2017 – 2027 (US$ Bn)
FIG. 30 Global HDC Market Value from Colocation providers, 2017 – 2027 (US$ Bn)
FIG. 31 Global HDC Market Value from Enterprises, 2017 – 2027 (US$ Bn)
FIG. 32 North America HDC Market Value, 2017 – 2027, (US$ Bn)
FIG. 33 Europe HDC Market Value, 2017 – 2027, (US$ Bn)
FIG. 34 Asia Pacific HDC Market Value, 2017 – 2027, (US$ Bn)
FIG. 35 RoW HDC Market Value, 2017 – 2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Hyperscale Data Centers (HDC) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 5 North America HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 6 North America HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 7 North America HDC Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 8 U.S. HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 9 U.S. HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 10 U.S. HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 11 Rest of North America HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 12 Rest of North America HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 13 Rest of North America HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 14 Europe HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 15 Europe HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 16 Europe HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 17 Europe HDC Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 18 U.K. HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 19 U.K. HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 20 U.K. HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 21 Germany HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 22 Germany HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 23 Germany HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 24 France HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 25 France HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 26 France HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 27 Rest of Europe HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 28 Rest of Europe HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 29 Rest of Europe HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 30 Asia Pacific HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 31 Asia Pacific HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 32 Asia Pacific HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 33 Asia Pacific HDC Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 34 China HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 35 China HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 36 China HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 37 Japan HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 38 Japan HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 39 Japan HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 40 India HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 41 India HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 42 India HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 43 Rest of Asia Pacific HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 44 Rest of Asia Pacific HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 45 Rest of Asia Pacific HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 46 RoW HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 47 RoW HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 48 RoW HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 49 RoW HDC Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 50 MEA HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 51 MEA HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 52 MEA HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 53 Latin America HDC Market Value, By Component , 2017 – 2027 (US$ Bn)
TABLE 54 Latin America HDC Market Value, By Application Protocol, 2017 – 2027 (US$ Bn)
TABLE 55 Latin America HDC Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 56 Schneider Electric SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 57 Sandisk LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 58 NVIDIA Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 59 Lenovo Group Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 60 Lenovo Group Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 61 IBM Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 62 Microsoft Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 63 Cisco Systems, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 64 Dell EMC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 65 Huawei Technologies Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 66 Cavium, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 67 Broadcom Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Question

What is the size of Hyperscale Data Centers Market?

The market for Hyperscale Data Centers is expected to reach US$ 18.55 Bn in 2027.

What is the Hyperscale Data Centers Market CAGR?

The Hyperscale Data Centers market is expected to see significant CAGR growth over the coming years,at 17.5%.

What is the Forecast period considered for Hyperscale Data Centers Market?

The report is forecasted from 2019-2027.

What is the base year considered for Hyperscale Data Centers Market?

The base year of this report is 2018.

Who are the major players in this Market?

Schneider Electric SE, Sandisk LLC, NVIDIA Corporation, Lenovo Group Ltd.,Intel Corporation are some of the major players in the global market.

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