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Computer Storage Devices And Servers Market Thrives with Trends and Market Insights
Computer Storage Devices And Servers Global Market Report 2024
The Business Research Company offers in-depth market insights through Computer Storage Devices And Servers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Data Deluge Driving Demand For Storage Devices In The Forecasted Era
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.
Competitive Landscape:
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
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Top Trend - Soaring Demand For Solid State Drives (SSDS)
The demand for solid state drives is growing rapidly as it offers higher space and speed than traditional hard disks. A solid state drive is a non-volatile storage media that stores data on solid-state flash memory and offers high-speed data read and write operations for both sequential and random data requests. Unlike a hard disk drive, SSD's do not have moving parts and are lightweight and small in size. Solid state drives find applications in laptops, personal computers, enterprise storage hardware, smart phones, tablets and many others. According to the International Data Corporation, the market for solid state drives is expected to reach $33.6 billion by 2021 at a CAGR of 14.8%.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Computer Storage Devices And Servers Market Characteristics
3. Computer Storage Devices And Servers Market Trends And Strategies
4. Computer Storage Devices And Servers Market - Macro Economic Scenario
5. Computer Storage Devices And Servers Market Size And Growth
…..
27. Computer Storage Devices And Servers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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