Computer Storage Devices And Servers
The Computer Storage Devices And Servers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Computer Storage Devices And Servers Market Size and Its Estimated Growth Rate?
In recent times, there has been robust growth in the market size of computer storage devices and servers. It is set to further expand from $89.7 billion in 2024 to $95.41 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. Factors such as data explosion, big data analytics, proliferation of mobile devices, globalization of businesses, and cybersecurity worries have spurred the growth experienced in the historical period.
The market size for computer storage devices and servers is forecasted to experience robust expansion in the coming years. The sector is projected to amplify to $120.57 billion by 2029, progressing at a compound annual growth rate (CAGR) of 6.0%. This growth during the prediction period is credited to factors such as sustainable data centers, the emergence of edge servers, the adoption of NVMe for storage devices, a heightened emphasis on data security in servers, and the utilization of storage virtualization for increased efficiency. Key trends expected during the forecast period encompass the integration of storage class memory, software-defined storage (SDS), the implementation of hybrid and multi-cloud storage solutions, AI-enhanced storage and servers, and the use of shingled magnetic recording (SMR) in HDDs.
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How Are Emerging Segments Shaping the Computer Storage Devices And Servers Market Landscape?
The computer storage devices and servers market covered in this report is segmented –
1) By Type: Computer Storage Devices, Computer Servers
2) By Application: Mainframes, Desktop, Laptop Computers, Tablets, Smartphones
3) By End-Use: Residential, Commercial
Subsegments:
1) By Computer Storage Devices: Hard Disk Drives (HDD), Solid State Drives (SSD), External Hard Drives, Network Attached Storage (NAS), USB Flash Drives
2) By Computer Servers: Rack-mounted Servers, Blade Servers, Tower Servers, Virtual Servers, Cloud Servers
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Which Growth Factors Are Influencing Computer Storage Devices And Servers Market Expansion?
The rapid growth in the amount of data produced by personal gadgets and diverse business operations across numerous sectors is likely to spur the need for storage devices over the forecast period. For example, the entire data produced universally is predicted to attain 163 zettabytes (ZB) by 2025. To handle this escalating data volume, the necessity for storage devices from both business and personal clients is anticipated to propel the computer storage devices and servers market during the forecast period.
Who Are the Dominant Players Across Different Computer Storage Devices And Servers Market Segments?
Major companies operating in the computer storage devices and servers market include Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Sony Corp., Tencent Holdings Co Ltd., Amazon Web Services Inc., Lenovo Group, IBM Corporation, Cisco Systems Inc., Micron Technology Inc., The Hewlett Packard Enterprise Company, Toshiba Corporation, Western Digital Technologies Inc., ASUSTeK Computer Inc., Kingston Technology Corporation, Seagate Technology Holdings plc, Electronic Arts Inc., NetApp Inc., Super Micro Computer Inc., Pure Storage Inc., NEC Corporation, Inspur Group, Quantum Corporation, Synology Inc.
What Computer Storage Devices And Servers Market Trends Are Gaining Traction Across Different Segments?
The appeal for solid state drives is escalating quickly due to their substantial capacity and speed, surpassing standard hard disks. A solid state drive is a steadfast storage media that conserves data on solid-state flash memory and provides swift data reading and writing functions for sequential and random data requests. SSD’s, not having mobile components like a hard disk drive, are compact and lightweight. These drives are used widely in laptops, personal computers, corporeal storage hardware, smart phones, tablets, and numerous other devices. To illustrate, as per the statistics released by Backblaze, an American cloud storage firm, by June 2023, the number of storage servers containing solid state drives was 3,144, marking an growth from the 2,558 stated in the SSD’s annual report for 2022, which was revealed in September 2023.
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Which Geographic Regions Are Expected to Dominate the Computer Storage Devices And Servers Market in the Coming Years?
Asia-Pacific was the largest region in computer storage devices and servers market in 2024. Western Europe was the second largest region in computer storage devices and servers market. The regions covered in the computer storage devices and servers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Computer Storage Devices And Servers Market?
2. What is the CAGR expected in the Computer Storage Devices And Servers Market?
3. What Are the Key Innovations Transforming the Computer Storage Devices And Servers Industry?
4. Which Region Is Leading the Computer Storage Devices And Servers Market?
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