Press release
Computer Storage Devices And Servers Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd
Computer Storage Devices And Servers Global Market Report
The Business Research Company presents an extensive market research report on the Computer Storage Devices And Servers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The computer storage devices and servers market size has grown strongly in recent years. It will grow from $105.23 billion in 2023 to $110.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth of data explosion, big data analytics, mobile device proliferation, globalization of businesses, cybersecurity concerns.
The computer storage devices and servers market size is expected to see strong growth in the next few years. It will grow to $138.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to sustainable data centers, rise of edge servers, nvme adoption for storage devices, increased focus on data security in servers, storage virtualization for efficiency. Major trends in the forecast period include storage class memory integration, software-defined storage (sds), hybrid and multi-cloud storage solutions, ai-optimized storage and servers, shingled magnetic recording (smr) in hdds.
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Key Market Players:
Major companies operating in the computer storage devices and servers market report are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Sony Corp., Tencent Holdings Co Ltd., Amazon Web Services Inc., Lenovo Group, IBM Corporation, Cisco Systems Inc., Micron Technology Inc., The Hewlett Packard Enterprise Company, Toshiba Corporation, Financière de l'Odet SA, Western Digital Technologies Inc., ASUSTeK Computer Inc., Nintendo Co. ltd., Netease Inc., Kingston Technology Corporation, Vmware Inc., Seagate Technology Holdings plc, Bandai Namco Holdings Inc., Electronic Arts Inc., NetApp Inc., Super Micro Computer Inc., Take-Two Interactive Software Inc., Dropbox Inc., Pure Storage Inc., NEC Corporation, Inspur Group, Quantum Corporation, Synology Inc., pCloud AG
Market Drivers:
Data volume generated from personal devices and various business operations in many industries is rapidly increasing; this is expected to drive the demand for storage devices during the forecast period. For instance, the total data generated worldwide is projected to reach 163 zettabytes (ZB) by 2025. In order to manage this rising data volume, the demand for storage devices from both corporate and individual customers is expected to drive the computer storage devices and servers market in the forecast period.
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https://www.thebusinessresearchcompany.com/report/computer-storage-devices-and-servers-global-market-report
The computer storage devices and servers market covered in this report is segmented -
1) By Type: Computer Storage Devices, Computer Servers
2) By Application: Mainframes, Desktop, Laptop Computers, Tablets, Smartphones
3) By End-Use: Residential, Commercial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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