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Data Center Server Global Market Expected to Witness $75.29 Billion with Impressive Growth at a 6.6% CAGR By 2028 | Fujitsu Ltd., Cisco Systems Inc., Lenovo Group Ltd., Oracle Corporation, Dell Inc.
Data Center Server Market
As per the report, the data center server market size has grown strongly in recent years. It will grow from $54.94 billion in 2023 to $58.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The data center server market size is expected to see strong growth in the next few years. It will grow to $75.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Surge In Data Traffic Drives The Data Center Server Market
An increase in data traffic is expected to propel the growth of the data center server market going forward. Data traffic refers to high amounts of bandwidth that are utilized for extremely active and constant network traffic routes. Data traffic is used in data center servers to organize more or less remote computer systems and to improve visibility into network devices, so an increase in data traffic will propel the data center server market. For instance, in November 2022, according to Ericsson, a Sweden-based multinational networking and telecommunications company, 5G's share of mobile data traffic was forecast to grow to 69% by 2028. Further, the global average monthly data usage per smartphone is anticipated to be 19 GB in 2023 and is forecast to reach 46 GB by the end of 2028. Additionally, total worldwide data traffic, barring traffic created by Fixed Remote Access (FWA), is supposed to stretch around 90 EB each month toward the end of 2022 and is projected to develop by an element of almost 4 to arrive at 325 EB each month in 2028. Therefore, an increase in organization data traffic is driving the growth of the data center server market.
Technological Advancements In The Data Center Server Market
Technological advancement is a key trend gaining popularity in the data center server market. Major companies operating in the data center server market are focused on developing new enclosure management solutions to strengthen their position. For instance, in November 2022, Huawei Technologies Co., Ltd, a China based multinational technology corporation, launched an innovative product called FusionModule2000 6.0, a smart modular data center solution. It has unique features such as a small footprint, low height, and low weight. It's an upgraded smart modular data center solution to maximize energy efficiency at the edge. They are specially designed to enable channel partners to gain a competitive edge in the marketplace while driving forward green digitalization for businesses in a cost-effective manner.
The data center server market covered in this report is segmented -
1) By Product: Rack Servers, Blade Servers, Microservers, Tower Servers
2) By Application: Industrial Servers, Commercial Servers
3) By Verticals: BFSI (Banking, Financial Services And Insurance), IT and Telecom, Government, Defence, Other Verticals
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Major companies operating in the data center server market report are Hewlett Packard Enterprise Company LP, Dell Inc., International Business Machines Corporation, Fujitsu Ltd., Cisco Systems Inc., Lenovo Group Ltd., Oracle Corporation, Huawei Technologies Co. Ltd., Inspur Group, Bull Atos Technologies, NEC Corporation, Hitachi Systems Pvt. Ltd., Super Micro Computer Inc., Silicon Graphics International Corp., Intel Corporation., Iron Systems Inc., Rittal GmbH & Co. KG, Vertiv Co., Schneider Electric SE, AsusTek Computer Inc., Black Box Corporation, Quanta Computer Inc., Cray Inc., Penguin Computing Inc., Advanced Micro Devices Inc., NVIDIA Corporation, Mellanox Technologies Ltd., Infortrend Technology Inc., DataDirect Networks Inc., Seagate Technology plc .
Contents of the report:
1. Executive Summary
2. Data Center Server Market Report Structure
3. Data Center Server Market Trends And Strategies
4. Data Center Server Market - Macro Economic Scenario
5. Data Center Server Market Size And Growth
…..
27. Data Center Server Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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