Overview and Scope
The servers technology market consists of revenues earned by entities by providing services such as web hosting, cloud computing, data storage, network management, database administration, cybersecurity solutions, and virtualization. The market value includes the value of related goods sold by the service provider or included within the service offering. The servers technology market also includes sales of products such as physical servers, server racks, data center cooling systems, storage devices, network interface cards (NICs), and server management software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the servers technology market are 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
The servers technology market report table of contents includes:
1. Executive Summary
2. Servers Technology Market Characteristics
3. Servers Technology Market Trends And Strategies
4. Servers Technology Market – Macro Economic Scenario
5. Global Servers Technology Market Size and Growth
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32. Global Servers Technology Market Competitive Benchmarking
33. Global Servers Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Servers Technology Market
35. Servers Technology Market Future Outlook and Potential Analysis
36. Appendix
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