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Enterprise Server Global Market Report 2024 Market Size, Share, Analysis, Trends And Strategies 2024-2033
Enterprise Server Market Size
According to The Business Research Company's, The enterprise server market size has grown rapidly in recent years. It will grow from $103.09 billion in 2023 to $114.48 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to proliferation of smartphones, increased connectivity through mobile internet, rise of social media integration, demand for enhanced attendee experience, focus on real-time communication.
The enterprise server market size is expected to see rapid growth in the next few years. It will grow to $172.13 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to rise in hybrid and virtual events, growing emphasis on accessibility, enhanced security and privacy measures, demand for personalized content curation, expansion of wearable technology integration. Major trends in the forecast period include product innovations, technology innovations, expansion of digitization for business promotion, 5g keeps customers connected.
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Market Drivers and Trends:
The increasing demand for data center services is expected to propel the growth of the enterprise server market going forward. A data center is a centralized facility or location used by organizations to manage their computer systems, servers, networking equipment, data storage and other related components. Data centers use a large number of enterprise servers to support their information technology (IT) operations and equipment to store, process and disseminate data and applications. For instance, in June 2022, according to DLA Piper, a UK-based law firm, the total number of data center transactions increased by 64% in 2021, up from 69 in 2020 to 117 in 2021. Additionally, the total value of data center infrastructure transactions more than double in 2021 to USD 59.5 billion compared to 2020. Therefore, the growing construction of new data centers is driving the growth of the enterprise server market.
Major companies operating in the enterprise server market are focusing on technologies, such as artificial intelligence (AI), to gain a competitive edge in the market. An enterprise storage server (ESS) designed for AI typically incorporates advanced features and capabilities to support the demanding requirements of AI workloads, which often involve large-scale data processing, model training and inference tasks. For instance, in August 2022, the International Business Machines Corporation, a US-based technology corporation, launched Enterprise Storage Server (ESS) 3500. Enterprise storage server (ESS) 3500 is a spectrum-scale enterprise storage server (ESS) optimized for artificial intelligence (AI) workloads. This provides fast storage for artificial intelligence (AI) in modeling and training by using multiple types of storage with a faster controller CPU and up to 91 GB/sec sequential read.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Major companies operating in the enterprise server market report are Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Dell Inc., Huawei Technologies Co. Ltd., Hitachi Ltd., Amazon Web Services (AWS) Inc., Lenovo Group Limited, Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise Company, NVIDIA Corporation, NEC Corporation, Advanced Micro Devices Inc., ASUSTeK Computer Inc., VMware Inc., Acer Inc., NetApp Inc., Super Micro Computer Inc., Pure Storage Inc., Nutanix Inc., OVH Groupe SAS, Inspur Group Limited, Linode LLC
Enterprise Server Market 2024 Key Insights:
• The enterprise server market is expected to grow to $172.13 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%.
• Demand For Data Center Services Fuels Enterprise Server Market Expansion
• Focus On Enterprise Storage Server For AI Workloads To Gain A Competitive Edge In The Market
• North America was the largest region in the enterprise server market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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