Data Center Server Market to Reach $307 Billion by 2030 Amid AI and 5G Boom

The global data center server market revenue stood at USD 139.1 billion in 2023 and is projected to reach USD 307.0 billion by 2030, growing at a CAGR of 11.6% during this period. Key growth drivers include the emergence of new IT and telecommunications industries, the integration of AI and data analytics into server technology, increasing demand for cloud services, widespread digitalization, and the rise of 5G technology necessitating higher data storage capacity.

Additionally, the trend toward AI-powered server solutions and the escalating demand for organizational data storage is further boosting market expansion. Organizations are collecting, storing, and analyzing vast amounts of data to enhance customer retention and drive revenue growth, making efficient data management solutions imperative. With over 2.5 million gigabytes of data generated daily and global data storage projected to reach 44 zettabytes, effective server infrastructure is critical.

Download free report sample at: https://www.psmarketresearch.com/market-analysis/data-center-server-market-report/report-sample

Key Market Insights

• The commercial sector is poised for substantial growth, driven by the presence of established enterprises and startups.
• The integration of AI, IoT, cloud computing, and data analytics is transforming corporate operations and expanding the market.
• Governments worldwide are enforcing strict data management regulations, adding costs for businesses but fostering market growth in the commercial sector.
• In 2023, the BFSI sector accounted for 45% of revenue due to growing reliance on cloud-based and efficient server infrastructures.
• The healthcare industry is set for notable growth, driven by advancements in telemedicine, improved infrastructure, and higher investments in data storage solutions.
• The IT & telecom sector will expand significantly with the rise in mobile internet users, software innovations, and startups increasing demand for storage solutions.
• The government sector is advancing with data localization mandates, adoption of cloud platforms, and establishment of enterprise data centers.

Regional Highlights

• North America led the market with a 40% revenue share in 2023, supported by advanced IT infrastructure, AI/ML adoption, and prominent industry players.
• The U.S. dominates due to its established IT sector and vast network of data centers.
• APAC is expected to grow at a 15% CAGR, driven by rapid digitalization, expanding IT sectors, and increasing cloud adoption.
• Europe experienced notable growth, fueled by 5G rollouts, digital technology penetration, and the cloud industry's expansion in the U.K.
• The Middle East & Africa is witnessing growth due to globalization, digitalization, and increased investments, especially in African data centers.

About P&S Intelligence

 

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

 

Contact:
Chandra Mohan
AVP – Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com