Storage And Servers Support Services Global Market 2024 - By Share, Growth, Demand, Trends, Forecast To 2033

Global storage and servers support services market size is expected to reach $87.21 Bn by 2028 at a rate of 3.6%, segmented as by product, rack servers, blade servers, microservers, tower servers

Jun 7, 2024 - 12:32

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Storage And Servers Support Services Global Market 2024 - By Share, Growth, Demand, Trends, Forecast To 2033

storage and servers support services market

The storage and servers support services market size is expected to see steady growth in the next few years. It will grow to $87.21 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to shift to hybrid and multi-cloud environments, focus on scalability and flexibility, ai and analytics integration, remote workforce and accessibility, energy efficiency and sustainability. Major trends in the forecast period include scalability and flexibility, containerization and microservices, software-defined storage and networking, collaboration and interoperability.

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Segmentation & Regional Insights
The storage and servers support services market covered in this report is segmented –
1) By Product: Rack Servers, Blade Servers, Microservers, Tower Servers
2) By Storage Solution: Scale-out, Scale-up, Other Storage Solutions
3) By Deployment: On-premise, Cloud, Other Deployment
4) By Verticals: BFSI (Banking, Financial Services And Insurance), IT and Telecom, Government , Defence, Other Verticals
5) By Application: Industrial Servers, Commercial Servers

North America was the largest region in the storage and servers support services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the storage and server support services market report during the forecast period. The regions covered in the storage and servers support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Increasing data traffic is expected to propel the growth of the storage and server support services market going forward. Organizational data traffic refers to high amounts of bandwidth that are utilized for extremely active and constant network traffic routes. Storage and server support solutions are used in the storage and maintenance of organizational data traffic and applications that act as a warehouse may be in situ or ex-situ to enhance the data operations with less cost. For instance, in November 2021, according to a report by Ericsson, a Sweden-based telecommunications company, mobile network data traffic was increased by 42%, year-on-year, in Q3 2021, accounted for approximately 78 exabytes (EB). Also, total mobile network data traffic is likely to reach 370EB by the end of 2027. Therefore, an increase in data traffic is driving the growth of the storage and server support services market.

Key Industry Players
Major companies operating in the storage and server support services market are focused on integrating their efforts into scaling up the production of storage solutions to gain a competitive edge in the market. Such solutions are designed to provide extreme performance and capacity, enabling memory cache coherency between CPU (central processing unit) memory and Peripheral Component Interconnect Express (PCIe)-attached Double Data Rate (DDR)-based memory devices. For instance, in August 2023, Supermicro Inc., a US-based information technology company, announced high-volume production of its E3.S all-flash storage portfolio with new CXL memory expansion offerings. E3.S storage solutions enable the first PCIe Gen5 drives and CXL modules in the industry to fulfill the demands of big AI training and HPC clusters, where vast amounts of unstructured data must be sent to the GPUs and CPUs to produce faster results.

The storage and servers support services market report table of contents includes:
1. Executive Summary
2. Storage And Servers Support Services Market Characteristics
3. Storage And Servers Support Services Market Trends And Strategies
4. Storage And Servers Support Services Market - Macro Economic Scenario
5. Global Storage And Servers Support Services Market Size and Growth
.........................
31. Global Storage And Servers Support Services Market Competitive Benchmarking
32. Global Storage And Servers Support Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Storage And Servers Support Services Market
34. Storage And Servers Support Services Market Future Outlook and Potential Analysis
35. Appendix

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