The Server Market is being driven by Growing need for edge computing
The Server Market is expected to grow at a CAGR of 7.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 41.95 billion. In today's data-driven business landscape, Artificial Intelligence (AI) plays a pivotal role in optimizing server workloads by employing sophisticated algorithms and machine learning techniques. Advanced servers are being engineered to accommodate AI workloads, while AI technology is being utilized to tackle intricate infrastructure issues related to server energy consumption and security in data centers. Traditional methods of enhancing server efficiency, which rely on human intervention, may no longer suffice due to the dynamic nature of data centers' computing resource requirements. Consequently, data centers are prioritizing automation in resource allocation and power usage efficiency to maintain optimal performance and efficiency.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
202 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.6% |
Market growth 2025-2029 |
USD 41.95 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
7.0 |
Key countries |
US, China, Germany, France, Canada, India, Japan, South Korea, UK, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Server Market encompasses the sales of servers, processors, and storage solutions to various industries such as data centers, cloud service providers, IT and telecom, healthcare, and e-commerce. Factors driving growth include digital transformation, the work-from-home model, and the rise of online services. Macro-economic factors like inflation, economic activity, and supply chain disruption also impact the market. Key sectors include hyperscalers, e-commerce, and digital payments. Cloud servers, GPU server shipments, and edge computing are also significant trends. The pandemic has accelerated demand for servers in sectors like healthcare and e-commerce. Market sizes, unit demand, and spending growth vary worldwide.
The Server Market, a significant segment of the global Technology Hardware, Storage, and Peripherals Market, is experiencing substantial growth due to the increasing demand for data storage solutions. Key drivers include the expanding volume, velocity, veracity, and variety (4Vs) of data, particularly in sectors such as data centers, cloud service providers, IT and telecom, healthcare, server sales, work-from-home model, e-commerce websites, digital payments, and cloud servers. Virtualization technologies are further fueling growth by enabling efficient utilization of resources and reducing operational costs. The global Technology Hardware, Storage, and Peripherals Market, which encompasses manufacturers of servers, electronic computer components, data storage components, and peripherals, is expected to witness robust expansion in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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