Server Market Size, Share, Growth Analysis, By Enterprise Size(Micro, Small), By End-Use(BFSI, Energy) - Industry Forecast 2024-2031

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).

The server market is highly competitive and characterized by the presence of several major players. These companies strive to maintain their market position and gain a competitive edge through various strategies such as mergers and acquisitions, partnerships, product innovations, and expansions. The competitive landscape of the market is constantly evolving as companies adapt to changing customer demands and technological advancements. In recent years, there has been a strong focus on innovation and the development of advanced server technologies. Market players are investing in research and development activities to introduce more powerful and efficient server solutions. For instance, Dell Technologies launched the PowerEdge XE8545 server in 2022, which is designed for high-performance computing workloads and features AMD's latest processors. The market is driven by technological advancements, increasing demand for cloud services, and the need for scalable and efficient server solutions. Continued innovation, strategic partnerships, and focus on customer requirements will be vital for companies to maintain their competitiveness in the evolving 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)', 'Quanta Computer Inc. (Taiwan)', 'Wistron Corporation (Taiwan)', 'Inventec Corporation (Taiwan)', 'ASUSTeK Computer Inc. (Taiwan)', 'Pegatron Corporation (Taiwan)', 'MiTAC Holdings Corp. (Taiwan)', 'Sugon Information Industry Co., Ltd. (China)', 'Wiwynn Corporation (Taiwan)', 'ZT Systems (US)'

The growing adoption of cloud computing and the demand for scalable infrastructure and storage solutions drove the server market in 2022. Organizations across various industries embraced cloud services for their flexibility, cost-effectiveness, and the ability to scale resources on-demand.

Hybrid and Multi-Cloud Environments: The adoption of hybrid and multi-cloud environments gained momentum in 2022. Organizations leveraged a combination of private, public, and edge clouds to optimize their infrastructure, enhance flexibility, and achieve better workload distribution. This trend drove the demand for servers capable of supporting hybrid and multi-cloud deployments.

In 2022, North America is expected to dominate the server market and continue its dominance, accounting for over 40% of the market share by 2030. This can be attributed to the presence of significant companies in the region, including Alphabet Inc., Dell Inc., Hewlett Packard Enterprise Development LP, and Microsoft. Additionally, the high adoption of cloud services in North America contributes to the growth of the regional market. For example, a survey conducted by BARC, a German analyst firm for business software, in November 2020 revealed that 29% of respondents in North America were fully committed to using a cloud strategy, compared to only 19% in Europe.