Servers Technology Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2032
Author : Tech Educat | Published On : 22 Apr 2024
Servers Technology Market Overview
Servers Technology Market Size was valued at USD 100.8 Billion in 2022. The Servers Technology market is projected to grow from USD 106.8 Billion in 2023 to USD 170.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2032)
Key players
Servers Technology market is home to a number of major players, including:
- Cisco Systems Inc. (US)
- Huawei Technologies (China)
- Broadcom Inc (US)
- NETGEAR Inc (US)
- Juniper Networks Inc (US)
- Qualcomm Technologies Inc. (US)
- Extreme Networks Inc. (US)
- Ubiquiti Inc. (US)
- Intel Corporation (US)
- Fortinet Inc. (US)
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Server market size and growth
The growth of the server industry can be attributed to a number of factors, including:
- The increasing demand for data storage and processing power, driven by the growth of cloud computing, big data, and artificial intelligence.
- The need for businesses to upgrade their IT infrastructure to support new technologies and applications.
- The growing adoption of edge computing, which is driving the demand for smaller, more powerful servers.
Market segmentation
- The server market can be segmented by a number of factors, including:
- By type: X86 servers, non-X86 servers
- By application: Internet, government, telecommunications, financial, manufacturing, traffic
- By form factor: Rack servers, blade servers, tower servers
- By geography: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market trends
- Some of the key trends in the server market include:
- The increasing adoption of cloud computing, which is leading to a shift from on-premises servers to cloud-based servers.
- The growing demand for edge computing, which is driving the development of smaller, more powerful servers.
- The increasing use of artificial intelligence (AI) and machine learning (ML), which is creating a demand for servers with more processing power and memory.
- The growing adoption of open-source software, which is putting pressure on traditional server vendors to offer more competitive pricing and features.
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