Servers Technology Global Market Reach $164.45 Billion By 2028, Key Factors behind Market’s Exponential Growth

The servers technology global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Servers Technology Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The servers technology market size has grown strongly in recent years. It will grow from $109.47 billion in 2023 to $118.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the historic period can be attributed to the growing implementation of virtualization technologies, the increasing adoption of cloud computing solutions, the expanding need for big data and analytics capabilities, growing deployment of internet of things (IoT) devices in various sectors

The servers technology market size is expected to see strong growth in the next few years. It will grow to $164.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.  The growth in the forecast period can be attributed to an increasing focus on edge computing, the growing integration of AI and machine learning, the rapid expansion of 5G rollout, the growing adoption of hybrid cloud solutions, and an increasing emphasis on cybersecurity measures. Major trends in the forecast period include the rise of arm-based servers, containerization and Kubernetes, sustainability, increasing serverless computing, and data center modernization.

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Scope Of Servers Technology Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Servers Technology Market Overview

Market Drivers –
The rising shift towards cloud computing is expected to propel the growth of the server technology market going forward. Cloud computing is a technology that enables the delivery of various computing services such as servers, storage, databases, networking, software, and analytics over the internet, often referred to as cloud. The cloud’s ability to handle big data, support analytics, and integrate with IoT devices has opened new avenues for business insights and smart applications. Server technology in cloud computing hosts and manages the virtual infrastructure and applications, ensuring reliable and secure access to cloud services. For instance, in December 2023, according to the Eurostat statistics, a Luxembourg-based provider of statistical information and analysis 2023, 45.2% of European Union enterprises used cloud computing, up 4.2 percentage points from 2021. Therefore, the rising shift towards cloud computing will drive the growth of the server technology market.

Market Trends –
Major companies operating in the server technology market are adopting AI and machine learning solutions, such as Edge AI servers, to enable faster decision-making and enhanced data security. Edge AI enhances server technology by providing real-time data processing and improved data security through localized edge computing. For instance, in September 2023, Lenovo Group Limited, a China-based multinational technology company, introduced new Edge AI services and solutions for businesses. These services offer unique features, such as real-time data processing capabilities and enhanced security for sensitive data through localized processing. The solutions include automated machine learning tools that simplify the deployment of AI models in various business environments. This advancement supports industries in leveraging AI for operational efficiency and innovation. Moreover, Lenovo is expanding its extensive product lineup by introducing the ThinkEdge SE455 V3, marking its entry into the market with a decisive edge server designed to enhance efficiency significantly.

The servers technology market covered in this report is segmented –
1) By Product : Blade, Micro, Open Compute Project, Rack, Tower
2) By Enterprise Size:  Micro, Small, Medium, Large
3) By End User: Banking, Financial Services And Insurance (BFSI), Energy, Government And Defense, Healthcare, Information And Technology (IT) And Telecom, Other End Users

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Regional Insights –
North America was the largest region in the servers technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.  The regions covered in the servers technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the servers technology market are <b>Microsoft Corporation, Dell Technologies Inc, Huawei Technologies Co. Ltd., Amazon Web Services (AWS), Tencent Holdings Ltd., Lenovo Group Limited, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc, Oracle Corporation, Quanta Computer Inc, Wistron Corporation, Micron Technology Inc, Hewlett Packard Enterprise (HPE), Fujitsu Limited, NVIDIA Corporation, NEC Corporation, ZTE Corporation, ASUSTeK Computer Inc, Alibaba Cloud, Acer Incorporated, Super Micro Computer Inc., Juniper Networks Inc, Rackspace Technology, Inspur Group Co Ltd, Cray Inc, Penguin Computing Inc</b>

Table of Contents
1. Executive Summary
2. Servers Technology Market Report Structure
3. Servers Technology Market Trends And Strategies
4. Servers Technology Market – Macro Economic Scenario
5. Servers Technology Market Size And Growth
…..
27. Servers Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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