Server Market Growth at USD 198.81 Billion by 2031

Global Server Market size was valued at USD 89.30 Billion in 2022 and is poised to grow from USD 97.6 Billion in 2023 to USD 198.81 Billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).
Global Server Market [https://www.skyquestt.com/report/server-market] size was valued at USD 89.30 Billion in 2022 and is poised to grow from USD 97.6 Billion in 2023 to USD 198.81 Billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).

Download a detailed overview:

https://www.skyquestt.com/sample-request/server-market

The growth of the server market is mainly driven by the increasing adoption of smartphones and growing number of data centers globally. Today, there are many cloud service providers, combined with sectors such as IT and telecom, medical, banking, financial services & insurance (BFSI), and government and defense. These sectors are increasingly modernizing their server potential so that they can proficiently manage the growing amount of data. Furthermore, advancing IT infrastructure is extremely crucial for improving security, storage capacity, and processing speed, which are vital for managing larger amounts of data. The growth of applications with requirements and high computational demands is driving users and service providers toward cloud servers to get better performance. Many companies are also shifting towards cloud-based servers to enhance their global networking potential while minimizing the operational and maintenance costs of their IT systems. Moreover, the necessity for significant investment in cooling systems by cloud service providers has also become crucial as physical servers produce a huge amount of heat. Therefore, the popularity of tactics such as server leasing and virtualization is increasing rapidly. Continuous advancements in growing technologies, like AI, IoT, big data, cloud computing, and 5G, and the increasing adoption of innovative solutions depending on these technologies is also fueling the demand for server market.

Growing Shift to Edge Computing to Reduce Latency

Organizations are constantly demanding for quicker data processing and decreased latency, which is massively increasing the adoption of edge computing in the server market. By processing the data nearer to its source, the edge servers can successfully reduce the load on central data centres by processing the data that is near to the source. These solutions are allowing quicker reactions and improving performance for time-sensitive applications. These technologies are especially growing in sectors like autonomous vehicles, IoT, and telecommunications. This massive growth is because of quick data exchange is vital in these sectors. Furthermore, edge servers are completely reforming the server market by providing decentralized infrastructures. These structures can improve real-time analytics and develop new options for businesses to enhance operations.

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/server-market

Emergence of Hyperscale Data Centers to Support Cloud Services

The huge growth of hyperscale data centres is changing the server market. This is primarily driven by the growing demand for cloud computing and big data analytics. Companies that are providing hyperscale, like Amazon, Google, and Microsoft are constantly advancing massive server structures that can support their cloud services and AI workloads. These massive-scale facilities are developed for huge improvement, offering cost-affordability and functioning flexibility. The growth of hyperscale data centres is restructuring the server settings, as organizations are opting for more strong computing power that can manage the increasing data requirements of applications such as AI, machine learning, and digital transformation initiatives.

* In March 2024, Dell Technologies and Nvidia went into a strategic collaboration at the GTC developers’ event. This objective of the partnership is to incorporate Dell’s hardware and software with Nvidia’s AI structure.
* In January 2023, Hewlett Packard Enterprise Size Development LP and Intel Corporation collaborated to increase its latest ProLiant server line. The goal of the collaboration is to develop technology that can support edge use cases for customers.
* In January 2023, Inspur unveiled their Inspur G7 server series, which will completely support 4th Gen Intel Xeon Scalable Processors. The latest offering will improve functionality, intelligent operation & maintenance, performance, and sustainability.

This Market has the Following Segments

Product

* Blade
* Micro
* Open Compute Project
* Rack

Enterprise

* Micro
* Small
* Medium
* Large

Channel

* Direct
* Reseller
* System Integrator
* Others

End Use

* BFSI
* Energy
* Government & Defense
* Health Care

Key Players Operating in the Server Market

* Dell Technologies Inc. (US)

* Hewlett Packard Enterprise (HPE) (US)

* IBM Corporation (US)

* Lenovo Group Limited (China)

* Cisco Systems, Inc. (US)

* Huawei Technologies Co., Ltd. (China)

* Inspur Group (China)

* Fujitsu Limited (Japan)

* NEC Corporation (Japan)

* Oracle Corporation (US)

* Super Micro Computer, Inc. (US)

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/server-market

Growing Focus on Sustainability to Reduce Consumption of Energy Today, for the server market sustainability is becoming an important part as they are trying to decrease their environmental footprint. Companies are also building sustainable data centers by using renewable energy sources and advanced cooling technologies These advanced solutions can reduce energy consumption. Awareness about climate change and regulations is increasing among data center operators and server manufacturers. This is encouraging them to lower carbon emissions and implement eco-friendly practices. Therefore, the market is witnessing a huge move towards energy-efficient servers that reduces expenses and helps companies to meet sustainability.

Related Reports:

3D Printing Market [https://www.skyquestt.com/report/3d-printing-market]

Artificial Intelligence Market [https://www.skyquestt.com/report/artificial-intelligence-market]

Augmented, Virtual and Mixed Reality Market [https://www.skyquestt.com/report/ar-vr-mr-market]

Blockchain Market [https://www.skyquestt.com/report/blockchain-market]

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=server-market-growth-at-usd-19881-billion-by-2031]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/server-market

This release was published on openPR.