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Computer Servers, Global Market Trends, Growth, Insights 2024
Global Computer Servers, Industry Report, Market Dynamics
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According to The Business Research Company's, The computer servers market size has grown steadily in recent years. It will grow from $96.47 billion in 2023 to $100.21 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to rising penetration of e-commerce, increased availability of mobile devices, increased internet penetration, and increased usage of digital wallets.
The computer servers market size is expected to see steady growth in the next few years. It will grow to $117.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to increasing adoption of 5g networks, internet of things (iot), an increase in internet penetration, and increasing smart cities. Major trends in the forecast period include development of new product offerings related to small- and medium- businesses, expansion of existing product portfolio, development of new servers for customized environments, strategic acquisitions, and strategic partnerships.
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Market Drivers and Trends:
The increasing demand for the server is a key factor driving the growth of the computer server market. A server is a computer that supplies other computers with data, it can serve content over the internet to devices on a local area network (LAN) or a wide area network (WAN). The global server industry is experiencing double-digit growth and shows no indications of slowing down. For instance, in November 2022, according to a survey conducted by Netcraft Ltd., a UK-based internet services company, the survey received responses from 1,135,089,912 sites across 271,689,143 domains and 12,306,625 web-facing computers, resulting in a 4.7 million site gain, a 194,480-domain loss, and a 6,685 web-facing computer gain. Therefore, the increasing demand for the server is expected to propel the growth of the computer servers market over the forecast period.
Major companies operating in computer servers are developing innovative servers such as PowerEdge XR5610, XR7620, and XR8000 servers to gain a competitive edge in the market. PowerEdge XR5610, XR7620, and XR8000 servers are powered by 4th Gen Intel Xeon Scalable processors and telecom-ready servers address a variety of industries and edge use cases, with innovative design enhancements that meet key telecom industry requirements. For instance, in February 2023, Dell, a US-based technology company has launched the PowerEdge XR5610, XR7620, and XR8000 servers, all powered by 4th Gen Intel Xeon Scalable processors. he servers feature enhanced ruggedized design, improved energy efficiency, infrastructure consolidation, and support for a variety of accelerators and NICs, allowing for unique edge computing solutions.
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• 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.
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• 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.
Major Key Players of the Market:
Dell Technologies Inc, Hewlett Packard Enterprise Development Lp, Ibm Corporation, Lenovo Group Limited, Huawei Technologies Co., Ltd, CISCO, Fujitsu Corporation, ASUSTek Computer Inc., Oracle Inc., Hitachi Limited, Atos Se , Denese (Dongguan) Computer Co, Shenzhen Hyllsi Technology Co, Comutronic Technology Guangzhou Ltd, Beijing Rongcheng Hutong Technology Co, Alibaba Group Holding Limited, China Mobile Limited, China United Network Communications Group Co. Ltd, China Telecommunications Corporation, Centrin Data Systems Co. Ltd, Cheops Technology, Claranet, Neoxia, Aqua Ray Eralabs, Sap And Software Ag, Polish Software, Inspur Systems, Nec Corporation, Inap, Amazon Web Services (Aws), Microsoft, Tanium, Illumio, Jumpcloud, Strongdm, Headspin, Exotanium, Inc, Dittolive Incorporated, Coder, Scalyr, Google Inc, Hpe, Netapp, Arista Networks, Mis Software, Digital Direct Limited, Systematics, Bliss Computers, Hybrid Global Systems, Rectron Holdings
Computer Servers Market 2024 Key Insights:
• The computer servers market size is expected to see steady growth in the next few years. It will grow to $117.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%.
• Rising Demand For Servers Sparks Booming Growth In The Computer Server Market
• Increasing Focus On Innovations In Computer Servers To Gain A Competitive Edge In The Market
• The Asia-Pacific was the largest region in the computer servers market share 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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Learn More About The Business Research Company
The Business Research Company ( https://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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