Global Data Centre Server Market Size To Grow At A CAGR Of 6.5% In The Forecast Period Of 2022-2027
Data Centre Server Market Size, Share, Price Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
Forecast CAGR (2022-2027): 6.5%
The increasing applications of data centre servers across enterprises, for improved customer relationship management, enhanced enterprise resource planning, and augmented communication, is driving the market growth. A vast amount of data is usually transferred among enterprises which requires the implementation of capable data centre servers.
The rising demand for industrial servers, which is attributable to the rapid digitalisation of the industrial sector across emerging economies, is bolstering the data centre server market. Increasing adoption of internet of things (IoT) in industries such as transportation, healthcare, and retail, among other, is being witnessed. In addition, high-end electronic equipment driven by high-speed internet are being adopted across these industries to spearhead productivity.
Robust digital transformation in the banking and finance sector is expected to further propel the market numbers. The penetration of big data analytics to facilitate hyper-personalisation of customers is a key aspect contributing to the growth of data centre servers in this industry. Moreover, data centre servers facilitate efficient management of customer data, while also reducing the risk of frauds.
Data Centre Server Industry Definition and Major Segments
A data centre server is a system which archives, organises, and processes the data of an organisation. This system also offers network connectivity which supports various operations of an organisation. Data centre servers also facilitate email and file sharing, big data analytics, and product research, among others.
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Based on product, the market can be segmented into:
On the basis of application, the market has been classified into:
Based on region, the market can be categorised into:
Middle East and Africa
Data Centre Server Market Trends
The key trends in the global data centre server market include technological advancements in digital infrastructure. Increasing penetration of artificial intelligence (AI), machine learning, and 5G network technology, are guiding the market dynamics. Meanwhile, the increasing reliance on cloud-based software to improve workflows in businesses is further expanding the market opportunities.
The e-commerce industry, which is a modern example of digital progress, is another key driving factor of the market. Data centre servers provide 24/7 connectivity, enhanced flexibility, better security, and improved understanding between online platforms and customers. Over the forecast period, the anticipated transformation from tradition shopping methods to online purchasing is likely to expand the opportunities for data centre server market.
In geographical terms, North America accounts for a decent share in the market owing to the technologically advanced digital infrastructure across powerful economies such as the United States.
Key Market Players
The major players in the data centre server market report are Hewlett Packard Enterprise Development LP, Dell Technologies, Inc., Cisco Systems Inc., Oracle Corporation, NEC Corporation, and IBM, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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