Latest News- Server Storage Market: Large enterprises is expected to lead the End-user segment during 2025-2029

The Server Storage Market is being driven by Growing need for edge computing

The Server Storage Market is expected to grow at a CAGR of 31.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 140754.3 million. Hyper-converged infrastructure represents a modern approach to IT infrastructure, integrating software-defined storage, computing, and networking functions. This solution eliminates the reliance on separate systems for each component, enabling enterprises to run all three in a virtualized environment. Hyper-converged infrastructure delivers numerous benefits, including increased resource utilization, reduced power consumption, optimized space, enhanced agility, and improved efficiency. Ideal for SMEs, this infrastructure allows for centralized management of computing, storage, and network functions. Global businesses are advocating for hyper-converged infrastructure solutions due to their cost-effectiveness and ease of deployment. Software-defined storage can be achieved through various options, including hyper-converged infrastructure software, containers, hypervisors, scale-out storage, and distributed file systems. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Large enterprises
  • SMEs
• Type
  • Enterprise
  • Hyperscale
• Component
  • Hardware
  • Software
• Service
  • Professional
  • Managed
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing need for edge computing
• Increasing investments in data centers
• Growing demand for artificial intelligence (AI)

However, the market also witnesses some limitations, which are as follows:

• Rising cybersecurity threats
• Instances of shortage of server components and higher delivery time of servers
• Issues related to data management and complexity

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Market Scope in Server Storage Market Research Report

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Research Analysis Overview

In the Server Storage Market, businesses seek expert professional services to manage their data storage needs, including sensitive company information on connected devices and in data centers. Traditional storage solutions, such as servers and traditional storage arrays, face operational cost pressures from e-commerce businesses and the Internet of Things. High-performance hardware like switches and SANs, networking equipment, and software-defined storage are crucial for advanced storage infrastructure. Hybrid solutions address compatibility issues and ensure rapid data access for e-commerce businesses and database workloads. Lockdown enforcements increase the demand for on-prem cloud environments and advanced storage infrastructure. AI and hardware components like hard drives are essential for handling large storage workloads and complex storage protocols. E-commerce businesses, supply chain movements, and hyper-scale server SANs require infrastructure expertise and advanced capabilities for data retrieval and operational efficiency.

Market Research Overview

The Server Storage Market, a segment of the larger Global Technology Hardware, Storage and Peripherals Market, is experiencing significant growth due to the increasing volume, velocity, veracity, and variety (4Vs) of data. This trend is driven by the expanding number of data centers, necessitating advanced disaster recovery planning and scalability solutions. Server virtualization and optimization are key strategies for managing storage resources efficiently. Moreover, cooling solutions are essential for maintaining optimal server performance and reducing energy consumption. Automation plays a crucial role in streamlining operations and enhancing overall market competitiveness. Technavio's market analysis calculates the market size based on revenue generated from hardware sales, including servers, data storage components, and peripherals.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/