The computer storage devices and servers market has experienced robust growth, increasing from $105.23 billion in 2023 to $110.55 billion in 2024, with a compound annual growth rate (CAGR) of 5.1%. This growth in the historical period is driven by data explosion, the rise of big data analytics, the ubiquity of mobile devices, business globalization, and cybersecurity concerns. The market is expected to see strong growth in the coming years, reaching $138.08 billion by 2028, supported by a CAGR of 5.7%. Growth drivers include the emphasis on sustainable data centers, the rise of edge servers, the adoption of NVMe for storage devices, increased focus on data security, and storage virtualization for efficiency. Major trends for the forecast period include the integration of storage class memory, software-defined storage (SDS), hybrid and multi-cloud storage solutions, AI-optimized storage and servers, and the implementation of shingled magnetic recording (SMR) in HDDs.
Major Driver In The Computer Storage Devices And Servers Market
Data volume generated from personal devices and various business operations in many industries is rapidly increasing; this is expected to drive the demand for storage devices during the forecast period. For instance, the total data generated worldwide is projected to reach 163 zettabytes (ZB) by 2025. In order to manage this rising data volume, the demand for storage devices from both corporate and individual customers is expected to drive the computer peripheral equipment market in the forecast period. The computer peripheral equipment market is projected to be $89.3 billion in 2023, with a forecasted growth to $101.2 billion in 2024. By 2028, the market is expected to expand to $121.6 billion.
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Computer Storage Devices And Servers Market Competitive Landscape
Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Sony Corp., Tencent Holdings Co Ltd., Amazon Web Services Inc., Lenovo Group, IBM Corporation, Cisco Systems Inc., Micron Technology Inc., The Hewlett Packard Enterprise Company, Toshiba Corporation, Financière de l'Odet SA, Western Digital Technologies Inc., ASUSTeK Computer Inc., Nintendo Co. ltd., Netease Inc., Kingston Technology Corporation, Vmware Inc., Seagate Technology Holdings plc, Bandai Namco Holdings Inc., Electronic Arts Inc., NetApp Inc., Super Micro Computer Inc., Take-Two Interactive Software Inc., Dropbox Inc., Pure Storage Inc., NEC Corporation, Inspur Group, Quantum Corporation, Synology Inc., pCloud AG
Computer Storage Devices And Servers Market Segmentation
The computer storage devices and servers market covered in this report is segmented –
1) By Type: Computer Storage Devices, Computer Servers
2) By Application: Mainframes, Desktop, Laptop Computers, Tablets, Smartphones
3) By End-Use: Residential, Commercial
By Geography:The regions covered in the computer storage devices and servers market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
Asia-Pacific was the largest region in computer storage devices and servers market in 2023.
The Computer Storage Devices And Servers Global Market Report 2024 furnishes information about the global computer storage devices and servers market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
