The Data Center Server by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Center Server, The data center server market size has grown strongly in recent years. It will grow from $54.94 billion in 2023 to $58.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to data explosion, cloud computing adoption, virtualization and consolidation, demand for high-performance computing (hpc), emergence of big data analytics.
The data center server market size is expected to see strong growth in the next few years. It will grow to $75.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to iot proliferation, sustainability and green computing, cybersecurity enhancement, hybrid and multi-cloud adoption, ai and machine learning growth.. Major trends in the forecast period include adoption of open compute project (ocp) standards, security-centric designs, data center optimization, high-performance computing (hpc) advancements, rise of software-defined infrastructure, modular and scalable designs.
An increase in data traffic is expected to propel the growth of the data center server market going forward. Data traffic refers to high amounts of bandwidth that are utilized for extremely active and constant network traffic routes. Data traffic is used in data center servers to organize more or less remote computer systems and to improve visibility into network devices, so an increase in data traffic will propel the data center server market. For instance, in November 2022, according to Ericsson, a Sweden-based multinational networking and telecommunications company, 5G’s share of mobile data traffic was forecast to grow to 69% by 2028. Further, the global average monthly data usage per smartphone is anticipated to be 19 GB in 2023 and is forecast to reach 46 GB by the end of 2028. Additionally, total worldwide data traffic, barring traffic created by Fixed Remote Access (FWA), is supposed to stretch around 90 EB each month toward the end of 2022 and is projected to develop by an element of almost 4 to arrive at 325 EB each month in 2028. Therefore, an increase in organization data traffic is driving the growth of the data center server market.
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The data center server market covered in this report is segmented –
1) By Product: Rack Servers, Blade Servers, Microservers, Tower Servers
2) By Application: Industrial Servers, Commercial Servers
3) By Verticals: BFSI (Banking, Financial Services And Insurance), IT and Telecom, Government, Defence, Other Verticals
Top Major Players:
- Hewlett Packard Enterprise Company LP
- Dell Inc.
- International Business Machines Corporation
- Fujitsu Ltd.
- Cisco Systems Inc.
North America was the largest region in the data center server market in 2023.
Technological advancement is a key trend gaining popularity in the data center server market. Major companies operating in the data center server market are focused on developing new enclosure management solutions to strengthen their position. For instance, in November 2022, Huawei Technologies Co., Ltd, a China based multinational technology corporation, launched an innovative product called FusionModule2000 6.0, a smart modular data center solution. It has unique features such as a small footprint, low height, and low weight. It’s an upgraded smart modular data center solution to maximize energy efficiency at the edge. They are specially designed to enable channel partners to gain a competitive edge in the marketplace while driving forward green digitalization for businesses in a cost-effective manner.
The data center server market report table of contents includes:
1. Executive Summary
2. Data Center Server Market Characteristics
3. Global Data Center Server Market Trends And Strategies
4. Data Center Server Market – Macro Economic Scenario
5. Global Data Center Server Market Size and Growth
…….
26. Global Data Center Server Market Competitive Benchmarking
27. Global Data Center Server Market Competitive Dashboard
28. Key Mergers and Acquisitions In Data Center Server Market
29. Data Center Server Market Future Outlook and Potential Analysis
30. Appendix
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