North America Data Center Server Market Expected to Rise at a CAGR of 4.32% during 2022-2027

According to the recent report by IMARC Group, titled "North America Data Center Server Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on North America Data Center Server market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America data center server market reached a value of US$ 18.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.5 Billion by 2027, exhibiting a CAGR of 4.32% during 2022-2027.

A data center is a physical facility that companies utilize for critical applications. It is one of the most energy-intensive building types, consuming 10 to 50 times the energy per floor space of a typical commercial office building. Its design is based on a network of computing and storage resources that possess the ability of shared applications and data. The servers are essential in the data centers as they transfer data over different computers, and it is widely used to transfer data from private servers to cloud-based solutions.

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North America Data Center Server Market Trends:

The market in North America is majorly driven by increasing organizational data traffic and big data analytics. In line with this, rising mega data centers and the trend of colocation are positively influencing the market. Furthermore, the development of broadband and internet infrastructure is creating a positive outlook for the market. Apart from this, the growing construction of new data centers and the replacement of existing technologies are catalyzing the market. Moreover, the high demand for advanced servers from hyperscale data centers is propelling the market. Besides this, the incorporation of technologies such as AI and machine learning into the data center servers is strengthening the market. Additionally, multiple players are providing advanced AI-powered servers to allow intelligent and efficient data processing and storage, thus providing a boost to the market.

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North America Data Center Server Market Segmentation:

Our report has categorized the market based on region, product and application.

Breakup by Product:
• Rack
• Micro
• Blade
• Tower servers

Breakup by Application:
• Industrial
• Commercial segments

Breakup by Region:
• United States
• Canada

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.