Press release
2025-2034 Computer Storage Devices And Servers Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Computer Storage Devices And Servers Market
Computer Storage Devices And Servers Market Size Growth Forecast: What to Expect by 2025?
The market for computer storage devices and servers has seen robust growth over the past years. The market value, currently standing at $89.7 billion in 2024, is projected to expand to $95.41 billion by 2025, following a compound annual growth rate (CAGR) of 6.4%. The upward trend witnessed in the historic period arises from factors like the surge in data volumes, expansion of big data analytics, widespread usage of mobile devices, business globalization, and rising concerns over cybersecurity.
How Will the Computer Storage Devices And Servers Market Size Evolve and Grow by 2029?
The market for computer storage devices and servers is poised for robust expansion in upcoming years, expected to escalate to a worth of $120.57 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.0%. The predicted growth for the forecasted period can be credited to elements like sustainable data centers, the prevalence of edge servers, the adoption of nvme for storage devices, and a heightened emphasis on server data protection, along with storage virtualization for enhanced efficiency. Key trends projected to dominate this period comprise the incorporation of storage class memory, the rise of software-defined storage (SDS), the adoption of hybrid and multi-cloud storage solutions, AI-optimized storage, and servers besides the use of shingled magnetic recording (SMR) in HDDS.
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What Drivers Are Propelling the Growth of Computer Storage Devices And Servers Market Forward?
The rapid growth of data volume from personal gadgets and multifarious business activities across different sectors is anticipated to spur the need for storage devices in the forthcoming years. Take for example, the global data production is forecasted to hit 163 zettabytes (ZB) by 2025. In light of the climbing data volume, the requirements for storage devices from corporate and individual users alike will likely propel the computer storage devices and servers market during the projected timeline.
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Which Emerging Trends Are Transforming the Computer Storage Devices And Servers Market in 2025?
The interest in solid state drives (SSDs) is surging because they offer superior storage and faster speed compared to conventional hard drives. Solid state drives are non-volatile storage devices that use solid-state flash memory, allowing rapid read and write operations for both sequential and random data commands. In contrast to hard disk drives, SSDs are devoid of moving components, more compact, and lighter. They are useful in a variety of devices including laptops, personal computers, enterprise storage equipment, smartphones, tablets and more. To illustrate, data from Backblaze, a cloud storage firm based in the US, showed that by June 2023, there were 3,144 SSDs in storage servers, which is an increase from the 2,558 reported in the 2022 SSD annual report.
What Are the Key Segments in the Computer Storage Devices And Servers Market?
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
Subsegments:
1) By Computer Storage Devices: Hard Disk Drives (HDD), Solid State Drives (SSD), External Hard Drives, Network Attached Storage (NAS), USB Flash Drives
2) By Computer Servers: Rack-mounted Servers, Blade Servers, Tower Servers, Virtual Servers, Cloud Servers
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Who Are the Key Players Shaping the Computer Storage Devices And Servers Market's Competitive Landscape?
Major companies operating in the computer storage devices and servers market include 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 Geographic Markets Are Powering Growth in the Computer Storage Devices And Servers Market?
Asia-Pacific was the largest region in computer storage devices and servers market in 2024. Western Europe was the second largest region in computer storage devices and servers market. The regions covered in the computer storage devices and servers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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