The servers technology market has shown significant growth, increasing from $109.47 billion in 2023 to $118.67 billion in 2024, with a compound annual growth rate (CAGR) of 8.4%. This growth is attributed to the rising implementation of virtualization technologies, increased adoption of cloud computing solutions, expanding needs for big data and analytics capabilities, and the growing deployment of Internet of Things (IoT) devices across various sectors. The market is expected to continue its upward trajectory, reaching $164.45 billion by 2028, growing at a CAGR of 8.5%. Future growth is driven by a focus on edge computing, AI and machine learning integration, rapid 5G rollout, growing hybrid cloud adoption, and heightened emphasis on cybersecurity measures. Key trends include the rise of ARM-based servers, advancements in containerization and Kubernetes, sustainability initiatives, increased serverless computing, and modernization of data centers.
Major Driver In The Servers Technology Market
The increasing shift towards cloud computing is anticipated to boost the server technology market. Cloud computing delivers various services, including servers, over the internet, supporting big data and IoT integration. Server technology manages virtual infrastructure and applications, ensuring reliable and secure cloud services. Eurostat reported that 45.2% of EU enterprises used cloud computing in December 2023, an increase of 4.2 percentage points from 2021. This shift towards cloud computing is driving the growth of the server technology market.
Request A Free Sample Of The Servers Technology Market Report
Servers Technology Market Competitive Landscape
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
Key Servers Technology Market Trend
In the server technology market, AI and machine learning solutions like Edge AI servers are being adopted to enhance decision-making and data security. Edge AI provides real-time data processing and improved security through localized edge computing. In September 2023, Lenovo Group Limited, a China-based technology company, launched new Edge AI services and solutions. These offerings include real-time data processing capabilities and enhanced security through localized processing. Lenovo's ThinkEdge SE455 V3, part of this launch, marks the company's entry into the edge server market with a focus on operational efficiency.
Purchase The Global Servers Technology Market Report Directly And Get A Swift Delivery
Servers Technology Market Segmentation
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
By Geography:The regions covered in the servers technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the servers technology market in 2023.
The Servers Technology Global Market Report 2024 furnishes information about the global servers technology 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.
