Server Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

The server market was estimated to be worth USD 95.1 billion globally in 2024, and it is expected to expand at a compound annual growth rate (CAGR) of 10.1% over the course of the forecast period. The market is expanding due to the growing number of data centers globally and the global penetration of smartphones. In order to effectively manage the growing volume of data, many cloud service providers, as well as industries like IT and telecom, healthcare, banking, financial services & insurance (BFSI), government, and defense, are updating their server capabilities.

Users and service providers are increasingly turning to cloud servers for improved performance due to the growth of applications with specialized requirements and high computational demands.

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Growth Drivers

The market for servers is expanding dramatically as a result of government programs to enhance digitalization and cloud technology, among other things. The financial services industry has undergone significant transformation as a result of the widespread use of cloud computing.

The market is expanding due to the development of smart cities, linked cars, and artificial intelligence and machine learning. The market is expanding due to the massive amount of data generated by social media, the Internet of Things, and business operations, as well as the requirement for high-capacity servers for data management, storage, and analysis. Demand in the market is being driven by the expansion of e-commerce and online services as well as the requirement for finance, OTT platforms, and online marketplaces.

The growing usage of OTT platforms and e-commerce websites has also enabled the server's expansion throughout the pandemic. Additionally, the industry has expanded due to the rise in demand for servers brought about by the shift to digital payments.

Segmentation

Server Market by Product

· Rack

· Blade

· Tower

· Micro

· Open Compute Project

Server Market by Enterprise Size

· Micro

· Small

· Medium

· Large

Server Market by Channel

· Direct

· Reseller

· Systems integrator

· Others

Server Market by End User

· IT & Telecom

· BFSI

· Government & Defense

· Healthcare

· Energy

· Others

By Region

· Asia-Pacific

· North America

· Middle East and Africa

· Latin America

· Europe

Key Players

· ASUSTeK Computer Inc.

· Cisco Systems, Inc.

· Dell Inc.

· FUJITSU

· Hewlett Packard Enterprise Size Development LP

· Huawei Technologies Co., Ltd.

· Inspur

· Intel Corporation

· International Business Machines Corporation

· Lenovo

· NEC Corporation

· Oracle Corporation

· Quanta Computer inc.

· SMART Global Holdings, Inc.

· Super Micro Computer, Inc.

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