Storage And Servers Support Services Global Market Report 2024

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Global Storage And Servers Support Services Market Report 2024

Storage And Servers Support Services Global Market Report 2024 – By Product (Rack Servers, Blade Servers, Microservers, Tower Servers), By Storage Solution (Scale-out, Scale-up, Other Storage Solutions), By Deployment (On-premise, Cloud, Other Deployment), By Verticals (BFSI (Banking, Financial Services And Insurance), IT and Telecom, Government , Defense, Other Verticals), By Application (Industrial Servers, Commercial Servers) – Market Size, Trends, And Global Forecast 2024-2033

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Storage And Servers Support Services Global Market Report 2023

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Storage And Servers Support Services Market Definition And Segments

Storage and server support services refer to a business model in which a company rents or leases its storage infrastructure to other individuals or companies for data storage. It is commonly used by organizations for managing storage and server backups while providing cost savings on hardware, personnel, and physical space.

The main products of storage and server support services are rack servers, blade servers, microservers, and tower servers. Rack servers refer to the IT hardware that is used to store multiple servers in a space-saving rack for IT operations to coordinate, protect, and store data processing resources. The storage solutions are scale-out, scale-up, and others, that are deployed on-premises, cloud, and other modes. It is used in BFSI (banking, financial services, and insurance), IT and telecom, government, defense and others for various applications such as industrial and commercial.

The storage and servers support services market covered in this report is segmented –

1) By Product: Rack Servers, Blade Servers, Microservers, Tower Servers

2) By Storage Solution: Scale-out, Scale-up, Other Storage Solutions

3) By Deployment: On-premise, Cloud, Other Deployment

4) By Verticals: BFSI (Banking, Financial Services And Insurance), IT and Telecom, Government , Defense, Other Verticals

5) By Application: Industrial Servers, Commercial Servers

The storage and servers support services market size has grown marginally in recent years. It will grow from $74.68 billion in 2023 to $75.79 billion in 2024 at a compound annual growth rate (CAGR) of 1.5%. The growth in the historic period can be attributed to data explosion and storage needs, business continuity and disaster recovery, regulatory compliance requirements, increasing complexity of it environments, data security and privacy concerns.

The storage and servers support services market size is expected to see steady growth in the next few years. It will grow to $87.21 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to shift to hybrid and multi-cloud environments, focus on scalability and flexibility, ai and analytics integration, remote workforce and accessibility, energy efficiency and sustainability. Major trends in the forecast period include scalability and flexibility, containerization and microservices, software-defined storage and networking, collaboration and interoperability.

Surging Data Traffic Fuels Growth In Storage And Server Support Services Market

Increasing data traffic is expected to propel the growth of the storage and server support services market going forward. Organizational data traffic refers to high amounts of bandwidth that are utilized for extremely active and constant network traffic routes. Storage and server support solutions are used in the storage and maintenance of organizational data traffic and applications that act as a warehouse may be in situ or ex-situ to enhance the data operations with less cost. For instance, in November 2021, according to a report by Ericsson, a Sweden-based telecommunications company, mobile network data traffic was increased by 42%, year-on-year, in Q3 2021, accounted for approximately 78 exabytes (EB). Also, total mobile network data traffic is likely to reach 370EB by the end of 2027. Therefore, an increase in data traffic is driving the growth of the storage and server support services market.

Rising Demand For Cloud-Based Services Accelerates Growth In Storage And Server Support Services Market

The increasing demand for cloud-based services is expected to propel the growth of the storage and server support services market going forward. Cloud-based services refer to a broad category of IT resources that are provided over the internet by a third-party provider. The storage and server support services encompass a range of offerings such as data storage, backup, server maintenance, and technical support to ensure the seamless functioning of cloud infrastructure. For instance, in December 2021, according to Eurostat, a Luxembourg-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5 percentage points compared to 2020. In the EU, large businesses adopted cloud computing at a rate of 72% in 2021, an increase of 7 percentage points from 2020. Therefore, the increasing demand for cloud-based services is driving the growth of the storage and server support services market.

Major companies operating in the storage and servers support services market report are The Hewlett Packard Enterprise Company, Dell Inc., International Business Machines Corporation, Fujitsu Limited, Cisco Systems Inc., Lenovo Group Limited, Oracle Corporation, Huawei Technologies Co. Ltd., Shandong Inspur Software Co. Ltd., Microsoft Corporation, NEC Corporation, Hitachi Systems India Pvt. Ltd., Super Micro Computer Inc., AT&T Inc., Amazon Web Services Inc., Google LLC, Silicon Graphics International Corp., Intel Corporation, Zadara Storage Inc., Quantum Corporation, DigitalOcean Holdings Inc., Wasabi Technologies Inc., Salesforce Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., LG Corporation, VMware Inc., Arista Networks Inc., Check Point Software Technologies Ltd., Citrix Systems Inc. .

Technological Advancements Drive Innovation In The Storage And Server Support Services Market

Technological advancements are a key trend gaining popularity in the storage and server support services market. Major companies operating in the storage and server support services market are focused on developing technologically advanced storage solutions to strengthen their position in the market. For instance, in August 2023, Transaction Network Services (TNS), a US-based financial services company, launched TNS Cloud, a TNS Cloud platform for server management, delivering full-suite trading infrastructure and support to buy- and sell-side institutions and their vendors. TNS Cloud-Server Management blends the company's dedicated server hosting capabilities with direct server management and is designed for high-performance exchange trading using TNS’ bare metal servers and ultra-low latency trade connectivity. By providing an end-to-end solution, clients may significantly lower the complexity and expenses associated with their trading centers, freeing up personnel to concentrate on mission-critical business objectives and go-to-market possibilities.

Expansion Of Storage Solutions Offerings For Enhanced Performance In The Market

Major companies operating in the storage and server support services market are focused on integrating their efforts into scaling up the production of storage solutions to gain a competitive edge in the market. Such solutions are designed to provide extreme performance and capacity, enabling memory cache coherency between CPU (central processing unit) memory and Peripheral Component Interconnect Express (PCIe)-attached Double Data Rate (DDR)-based memory devices. For instance, in August 2023, Supermicro Inc., a US-based information technology company, announced high-volume production of its E3.S all-flash storage portfolio with new CXL memory expansion offerings. E3.S storage solutions enable the first PCIe Gen5 drives and CXL modules in the industry to fulfill the demands of big AI training and HPC clusters, where vast amounts of unstructured data must be sent to the GPUs and CPUs to produce faster results.

Netapp Enhances Cloud Data Services With Acquisition Of Talon Storage

In March 2022, NetApp, Inc., a US-based hybrid cloud data services and data management company, acquired Talon Storage for an undisclosed amount. Through this acquisition, NetApp Inc. strengthens its cloud data services portfolio and addresses all the file-sharing issues faced by branch and distant offices. Talon Storage is a US-based company offering generation software-defined storage solutions.

North America was the largest region in the storage and servers support services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the storage and server support services market report during the forecast period. The regions covered in the storage and servers support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the storage and servers support services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The storage and server support services market includes revenues earned through entities by providing storage engineering, software defined-storage, server management, compute engineering, flash engineering, data center interconnect, data protection, data management, and data engineering services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The storage and servers support services market research report is one of a series of new reports from The Business Research Company that provides storage and servers support services market statistics, including storage and servers support services industry global market size, regional shares, competitors with storage and servers support services market share, detailed storage and servers support services market segments, market trends, and opportunities, and any further data you may need to thrive in the storage and servers support services industry. This storage and servers support services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Storage And Servers Support Services Market Report Scope

Report Attribute	Details
Market Size Value In 2024	$75.79 billion
Revenue Forecast In 2033	$87.21 billion
Growth Rate	CAGR of 3.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Product: Rack Servers, Blade Servers, Microservers, Tower Servers 2) By Storage Solution: Scale-out, Scale-up, Other Storage Solutions 3) By Deployment: On-premise, Cloud, Other Deployment 4) By Verticals: BFSI (Banking, Financial Services And Insurance), IT and Telecom, Government , Defense, Other Verticals 5) By Application: Industrial Servers, Commercial Servers
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	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
Key Companies Profiled	The Hewlett Packard Enterprise Company; Dell Inc.; International Business Machines Corporation; Fujitsu Limited; Cisco Systems Inc.; Lenovo Group Limited; Oracle Corporation; Huawei Technologies Co. Ltd.; Shandong Inspur Software Co. Ltd.; Microsoft Corporation; NEC Corporation; Hitachi Systems India Pvt. Ltd.; Super Micro Computer Inc.; AT&T Inc.; Amazon Web Services Inc.; Google LLC; Silicon Graphics International Corp.; Intel Corporation; Zadara Storage Inc.; Quantum Corporation; DigitalOcean Holdings Inc.; Wasabi Technologies Inc.; Salesforce Inc.; Panasonic Corporation; Samsung Electronics Co. Ltd.; LG Corporation; VMware Inc.; Arista Networks Inc.; Check Point Software Technologies Ltd.; Citrix Systems Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

Table Of Contents

1. Executive Summary

2. Storage And Servers Support Services Market Characteristics

3. Storage And Servers Support Services Market Trends And Strategies

4. Storage And Servers Support Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Storage And Servers Support Services Market Size and Growth

5.1. Global Storage And Servers Support Services Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Storage And Servers Support Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Storage And Servers Support Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Storage And Servers Support Services Market Segmentation

6.1. Global Storage And Servers Support Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Rack Servers

Blade Servers

Microservers

Tower Servers

6.2. Global Storage And Servers Support Services Market, Segmentation By Storage Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Scale-out

Scale-up

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Frequently Asked Questions

What is the definition of the storage and servers support services market?

How will the storage and servers support services market drivers and restraints affect the storage and servers support services market dynamics? What forces will shape the storage and servers support services industry going forward?

The storage and servers support services market major growth driver - surging data traffic fuels growth in storage and server support services market. For further insights on the storage and servers support services market, request a sample here

What is the forecast market size or the forecast market value of the storage and servers support services market ?

The storage and servers support services market size has grown marginally in recent years. It will grow from $74.68 billion in 2023 to $75.79 billion in 2024 at a compound annual growth rate (CAGR) of 1.5%. The growth in the historic period can be attributed to data explosion and storage needs, business continuity and disaster recovery, regulatory compliance requirements, increasing complexity of it environments, data security and privacy concerns.. The storage and servers support services market size is expected to see steady growth in the next few years. It will grow to $87.21 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to shift to hybrid and multi-cloud environments, focus on scalability and flexibility, ai and analytics integration, remote workforce and accessibility, energy efficiency and sustainability.. Major trends in the forecast period include scalability and flexibility, containerization and microservices, software-defined storage and networking, collaboration and interoperability.. For further insights on the storage and servers support services market, request a sample here

How is the storage and servers support services market segmented?

The storage and servers support services market is segmented
1) By Product: Rack Servers, Blade Servers, Microservers, Tower Servers
2) By Storage Solution: Scale-out, Scale-up, Other Storage Solutions
3) By Deployment: On-premise, Cloud, Other Deployment
4) By Verticals: BFSI (Banking, Financial Services And Insurance), IT and Telecom, Government , Defence, Other Verticals
5) By Application: Industrial Servers, Commercial ServersFor further insights on the storage and servers support services market, request a sample here

Which region has the largest share of the storage and servers support services market? What are the other regions covered in the report?

North America was the largest region in the storage and servers support services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the storage and server support services market report during the forecast period. The regions covered in the storage and servers support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the storage and servers support services market, request a sample here.

Who are the major players in the storage and servers support services market?

What are the key trends in the storage and servers support services market?

Major trend in the storage and servers support services market - technological advancements drive innovation in the storage and server support services market. For further insights on the storage and servers support services market, request a sample here.

What are the major opportunities in the storage and servers support services market? What are the strategies for the storage and servers support services market?

For detailed insights on the major opportunities and strategies in the storage and servers support services market, request a sample here.

How does the storage and servers support services market relate to the overall economy and other similar markets?

For detailed insights on storage and servers support services market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the storage and servers support services industry?

For detailed insights on the mergers and acquisitions in the storage and servers support services industry, request a sample here.

What are the key dynamics influencing the storage and servers support services market growth? SWOT analysis of the storage and servers support services market.

For detailed insights on the key dynamics influencing the storage and servers support services market growth and SWOT analysis of the storage and servers support services industry, request a sample here.