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Booming Computer Storage Devices And Servers Market Aiming for $120.57 Billion by 2029: Growth Drivers and Emerging Trends
Computer Storage Devices And Servers Market
The thriving tech industry continues to fuel the global computer storage devices and servers market, signaling a promising forecast.
What Is The Projected Market Size Of The Global Computer Storage Devices And Servers Market And Its Growth Rate?
• The global computer storage devices and servers market stood at $89.7 billion in 2024 and is projected to reach $95.41 billion in 2025, marking a CAGR of 6.4%.
• The predicted market size by 2029 is $120.57 billion supported by a CAGR of 6.0%.
• This trend is attributed to the growth of data explosion, big data analytics, mobile device proliferation, and cybersecurity concerns in the historic period. Also, sustainable data centers, rise of edge servers, NVMe adoption for storage devices, and increased focus on data security in servers contribute to the forecast period growth.
What Is Driving The Growth In The Computer Storage Devices And Servers Market?
With rapidly increasing data volume generated from personal devices and business operations, the demand for storage devices is set to soar. For instance, by 2025, the total global data generated is projected to reach 163 zettabytes (ZB). To manage this data surge, both corporate and individual customers are expected to increase their demand for storage devices, bolstering this market's growth.
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Who Are The Key Players Driving Computer Storage Devices And Servers Market Growth?
• 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
• Western Digital Technologies Inc.
• ASUSTeK Computer Inc.
• Kingston Technology Corporation
• Seagate Technology Holdings plc
• Electronic Arts Inc.
• NetApp Inc.
• Super Micro Computer Inc.
• Pure Storage Inc.
• NEC Corporation
• Inspur Group
• Quantum Corporation
• Synology Inc.
What Are The Key Trends In The Computer Storage Devices And Servers Market?
• 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
What Are The Segments Of The Global Computer Storage Devices And Servers Market?
• By Type: Computer Storage Devices, Computer Servers
• By Application: Mainframes, Desktop, Laptop Computers, Tablets, Smartphones
• By End-Use: Residential, Commercial
Which Region Leads The Computer Storage Devices And Servers Market?
Asia-Pacific held the largest fraction of the computer storage devices and servers market in 2024. The second largest contributor was Western Europe. Other regions covered in the report include Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Computer Storage Devices And Servers Market Global Market Report?
- Market Size Analysis: Analyze the Computer Storage Devices And Servers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Computer Storage Devices And Servers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Computer Storage Devices And Servers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Computer Storage Devices And Servers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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