According to Acumen Research and Consulting, the server market is expected to grow by nearly 10% between 2020 and 2027. It’s expected to reach a total market value of more than US$168.9 Bn.
The new report called, ‘Server market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027,’ from Acumen Research and Consulting was published recently. This report shows the anticipated growth of the global server market over the next seven years, along with the opportunities within the server market.
Servers are used for web hosting across many industries including government & defense, IT & telecom, BFSI, energy, healthcare, and more. The report splits the global server market into several segments and shows the predictions based on enterprise size, geography, and many other factors.
Key Observations from The Report
When split into industry verticals, the IT & Telecom sector is the most dominant when it comes to the global server market. It’s also projected to continue to be the most dominant from 2020 to 2027. This prediction is based on the move to 5G and the increasing amount of data pack users, along with a larger demand for data storage infrastructure. Many companies found within the IT & Telecom industry upgrade their infrastructure continuously to help meet the needs of the consumers and to meet the data demands.
Larger enterprises lead the global server market when looking at things from the angle of enterprise size. This comes as no surprise as larger enterprises have a large need for IT infrastructure and they have a larger volume of data. Many larger enterprises have the ability to upgrade faster and more often to meet the demand of the consumer, as well.
The report from Acumen Research and Consulting also anticipates the fastest growth coming in the Asia Pacific area of the world. High growth is also expected in the developing economies of India and China with a larger number of data centers being added in these areas of the world.
With new opportunities becoming available in these areas of the world, it’s expected companies like Huawei Technologies, Inspur Technologies, Fujitsu, and Lenovo will fill the needs and contribute to the server market in this region of the world.
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Top Competing Companies in the Server Market
Some of the top competing companies found within the global server market include:
- Hewlett Packard Enterprises
- Inspur Technologies
- Huawei Technologies
With these major players and others constantly developing new products and expanding into new markets, the global server market is expected to see each of these companies grow along with it.