USD 89.30 Billion
Report ID:
SQMIG45A2163 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
92
|Figures:
76
Global Server Market size was valued at USD 89.30 Billion in 2022 and is poised to grow from USD 97.6 Billion in 2023 to USD 198.81 Billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).
The primary factor driving this market is the growing trend of digital transformation in various sectors. To modernize their processes and obtain a competitive edge, industries including construction and commercial real estate have adopted new technology like servers, data analytics, and artificial intelligence. Putting a strong emphasis on innovation has resulted in more efficient property management procedures and higher fire safety requirements. To enable these developments, servers have evolved into essential infrastructure. These days, sophisticated server-based solutions leverage enormous volumes of gathered and processed data to deliver previously unheard-of operational insights for commercial real estate companies worldwide.
Utilizing the integrated server architecture, the connected smoke detection systems have the ability to monitor any premises in real-time on an ongoing basis which helps to detect issues in a timely manner, plan maintenance operations in advance, assure compliance to standards, and streamline scheduling of inspections. The need for efficient cross-system fire safety performance management has intensified owing to the global expansion of the commercial real estate assets under management. Prominent property management firms are using AI and analytics solutions that are hosted on scalable server platforms. This ensures the confidentiality and privacy of key building data while promoting smooth global collaboration. Recognizing these developments, server suppliers are making significant investments in digital compliance management software, simple fire safety systems designed for customers in commercial real estate, and predictive maintenance modelling. Significantly, to ensure regulatory compliance, these server-based solutions uphold stringent data governance rules.
US Server Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 89.30 Billion
Largest Segment
Large
Fastest Growth
Large
Growth Rate
9.3% CAGR
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The Server Market is segmented By Product, By Enterprise Size, By Channel, By End Use and Country. Based on Product, the market can be segmented into Blade, Micro, Open Compute Project, Rack, Tower. Based on Enterprise Size, the market can be segmented into Micro, Small, Medium, Large. Based on Channel, the market is segmented into Direct, Reseller, System Integrator, Others. Based on End Use, the market can be segmented into BFSI, Energy, Government & Defense, Health Care, IT& Telecom, Others. Based on Country, the market is segmented into Cambodia, Indonesia, Malaysia, The Philippines, Singapore, Thailand and Rest of South East Asia.
Analysis by Product
As per categorization by product, the market is classified as blade, micro, open compute project and rack. Among these, rack products earned the largest share and continue to dominate the market. The global server market is increasingly dominated by rack products due to their efficient space utilization, scalability, and ease of management. For instance, innovations such as modular structures, advanced cooling systems and support for modern cloud and virtualization technologies have again reinforced their stockage making them suitable for data centers and organizations looking for high performance.
Micro servers are poised to become the fastest-growing segment in the global server market due to their compact size, energy efficiency, and cost-effectiveness. Tailored for particular types of applications, they provide range without core of typical servers, which is beneficial in the area of cloud and edge computing. With the rise in the need to maximize performance levels in relative low operational costs, micro servers are on high demand, especially with new and existing small and medium enterprises that value flexibility and cost saving information technology infrastructure.
Analysis by Enterprise Size
The leading edge in the innovation of large enterprise servers offered in the global server market is enabled by advances in virtualization and cloud integration as well as AI analytics. They dominate the server market due to the ability to sustain enormous data loads, provide high levels of security, and support sophisticated applications and therefore are necessary for large operation and datacenter services.
The affordability and flexibility of microenterprise servers will see this segment growing at the fastest rate in the global server market. Such servers offer an effective solution for performing core activities without the need for complex systems which make them ideal for young businesses and small and medium enterprises. With organizations moving towards digital transformation, there will be a need for inexpensive, effective, and easy-to-maintain IT resources that micro enterprise servers will meet as they aim at the specific requirements of resources constrained entities.
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North America dominates the global server market due to its robust technological infrastructure, high adoption rates of cloud computing, and a significant presence of major IT companies and data centers. The region enjoys ongoing R&D investments, thereby enhancing innovation in the server technology landscape particularly in the regions of virtualization and edge computing. Furthermore, the growing popularity of powerful servers comes with the increasing need for big data analytics, artificial intelligence, and IoT applications. Moreover, the presence of a talented workforce as well as supportive government policies and an active startup culture contribute positively towards North America's competitiveness, further entrenching its dominance in the global server market.
According to various statistics, it seems that Europe is the fastest growing region for the global server market with the growth mainly focused on the digital transformation process in different sectors. The high proliferation of cloud services, big data and IoT solutions are increasing the need for improved server systems. Moreover, strict compliance regulations for data protection such as GDPR drive businesses to spend more on building secure and compliant IT systems to help protect data. Furthermore, attention to ideas such as green growth and energy efficiency comes into play regarding the design and installation of servers. Furthermore, it should be noted that growth is strengthened by the considerable funding made to smart city projects and Industry 4.0 elevating the profile of Europe as a key player in the changing global server market.
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Drivers
Increasing Cloud Adoption:
Rising Demand for Big Data Analytics:
Restraints
High Initial Investment Costs:
Rapid Technological Advancements:
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In the global server market, companies are competing with each other through enhancements in performance and power. Market is led by Dell Technologies, HPE, IBM, Cisco and others who provide different types of servers according to business requirements. In addition, new players such as Lenovo and Supermicro are also entering the market with a focus on low-priced and highly expandable options. This competition encourages technological improvement among the players to meet the ever-changing high consumer demand and the need to address new trends.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global server market analysis, the increasing demand for cloud computing services, as businesses and individuals rely more on cloud-based applications and storage. This drives the need for robust server systems to handle the data processing and storage requirements of cloud services. The global server market plays a vital role in supporting modern computing infrastructure. The market is driven by factors such as cloud computing, big data analytics, and AI, while facing challenges related to cost and data security. However, opportunities arise from the growth of edge computing and emerging technologies. The market analysis helps stakeholders understand the dynamics of the server market and make informed decisions to capitalize on its potential.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 89.30 Billion |
Market size value in 2031 | USD 198.81 Billion |
Growth Rate | 9.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Server Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Server Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Server Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Server Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2163
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