PUBLISHER: The Business Research Company | PRODUCT CODE: 1532068
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532068
Server technology encompasses the hardware and software that provide computing resources, data management, and network services to other devices, ensuring efficient operation and support for various applications and services. It is used to manage network resources, host websites and applications, store and retrieve data, provide email services, support database operations, and facilitate remote access and collaboration.
The main product types of server technology include blade, micro, open compute project, rack, and tower servers. Blade servers are compact, modular computing units designed for high-density server environments, allowing multiple servers to be housed in a single chassis. Server technology is utilized in enterprises of varying sizes, categorized into micro, small, medium, and large, by end users such as banking, financial services, and insurance (BFSI), energy, government and defense, healthcare, information technology (IT), telecom, and others.
The servers technology market research report is one of a series of new reports from the business research company that provides servers technology market statistics, including servers technology industry global market size, regional shares, competitors with an servers technology market share, detailed servers technology market segments, market trends and opportunities, and any further data you may need to thrive in the servers technology industry. This servers technology 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.
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 increasing implementation of virtualization technologies, the rising adoption of cloud computing solutions, the expanding need for big data and analytics capabilities, and the growing deployment of Internet of Things (IoT) devices across 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 initiatives, increasing serverless computing, and data center modernization.
The increasing shift towards cloud computing is anticipated to drive the growth of the server technology market. 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, commonly referred to as the cloud. The cloud's capacity to manage big data, support analytics, and integrate with IoT devices has created new opportunities for business insights and smart applications. In cloud computing, server technology hosts and manages the virtual infrastructure and applications, ensuring reliable and secure access to cloud services. For example, according to Eurostat statistics, a Luxembourg-based provider of statistical information and analysis, in December 2023, 45.2% of European Union enterprises used cloud computing, an increase of 4.2 percentage points from 2021. Therefore, the growing shift towards cloud computing is driving the growth of the server technology market.
Leading companies in the server technology market are adopting AI and machine learning solutions, such as Edge AI servers, to enable faster decision-making and enhanced data security. Edge AI improves server technology by offering real-time data processing and enhanced data security through localized edge computing. For instance, in September 2023, Lenovo Group Limited, a China-based multinational technology company, introduced new Edge AI services and solutions for businesses. These services provide unique features such as real-time data processing capabilities and enhanced security for sensitive data through localized processing. The solutions also include automated machine learning tools that simplify the deployment of AI models in various business environments. This advancement helps industries leverage AI for operational efficiency and innovation. Moreover, Lenovo expanded its extensive product lineup by introducing the ThinkEdge SE455 V3, marking its entry into the market with a significant edge server designed to enhance efficiency.
In December 2023, Nutanix Inc., a U.S.-based provider of hybrid multi-cloud computing, acquired D2iQ for an undisclosed amount. This acquisition aims to enhance Nutanix's capabilities in managing cloud-native applications by integrating D2iQ's advanced Kubernetes management platform, DKP, into its portfolio. D2iQ Inc. is a U.S.-based provider of server technology management solutions.
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
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.
The countries covered in the servers technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
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.
Servers Technology Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on servers technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for servers technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The servers technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.