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- Global Data Center Server Market Strengthened by Rising Adoption of Cloud-Based Services
Global Data Center Server Market to Reach US$ 80.9 Billion by 2032, Bolstered by Demand for Cloud-based Solutions
February 03, 2022
| Technology & Media
The latest report by IMARC Group, titled “Data Center Server Market Report by Product (Rack Servers, Blade Servers, Micro Servers, Tower Servers), Application (Industrial Servers, Commercial Servers), and Region 2024-2032,” finds that the global data center server market reached a value of US$ 54.9 Billion in 2023. A data center is a physical facility that comprises networked computers, storage systems, and computing infrastructure to house critical information and data. It is used by various businesses and organizations to process, store, organize, and disseminate a large amount of data. The data center acts as a focal point and critical asset for everyday operations. The essential components of a data center include routers, switches, firewalls, servers, and application delivery controllers, which can be categorized as an internet-facing or enterprise data center. Data center servers find applications across various industries such as financial institutions, IT, retail, healthcare, as well as the government sector.
Global Data Center Server Market Trends:
The market is primarily driven by the increasing demand for cloud services and cloud-based resources. Nowadays, commercial and industrial enterprises are employing data center servers to store the large amount of data and information that is generated on a regular basis. They are making use of these serves to streamline their operations, which, in turn, is fueling the growth of the market. In addition to this, consumers are shifting towards public and private cloud-based solutions, including Google Drive, Amazon’s Cloud Drive, and Apple iCloud, which provide increased convenience and security, thereby propelling the demand for data center servers. Furthermore, the emerging trend of energy- and cost-effective micro-servers that require relatively lower computing power are increasingly being preferred by small- and medium-sized organizations. Moreover, the integration of the Internet of Things (IoT) with data center servers to include endpoint devices like integrated compute/storage solutions, intelligent gateway devices, and on-premise data centers is also positively influencing the market growth. Looking forward, the market is expected to reach a value of US$ 80.9 Billion by 2032, exhibiting a CAGR of 4.3% during the forecast period (2024-2032).
Market Summary:
- Based on the product, the market has been segmented into rack, blade, micro, and tower servers. Currently, rack servers dominate the market, holding the largest share.
- On the basis of the application, the market has been classified into industrial and commercial servers.
- Region-wise, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- The competitive landscape of the market has been examined, with some of the key players being Hewlett Packard Enterprise, Dell, Inc., International Business Machines (IBM) Corporation, Fujitsu Limited, Cisco Systems, Inc., Lenovo Group Limited, Oracle Corporation, Huawei Technologies Corporation Limited, Inspur Group, Bull (Atos SE), Hitachi Systems, NEC Corporation, and Super Micro Computer, Inc.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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