Computer Storage Devices And Servers Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Computer Storage Devices And Servers Market?
The surge in data volume generated by personal gadgets and a variety of business operations across numerous sectors is predicted to fuel the need for storage devices in the coming years. For example, it is estimated that the global data creation will skyrocket to 163 zettabytes (ZB) by 2025. Faced with this burgeoning data volume, the necessity for storage devices among corporate and private clients alike is touted to propel the computer storage devices and servers market in the projected timeframe.
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How Will the Growth Rate of theComputer Storage Devices And Servers Market Impact Industry Trends by 2034?
The market for computer storage devices and servers has been expanding robustly in recent years. Expected to rise from $89.7 billion in 2024, it will reach $95.41 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. The expansion during the historical period can be linked to the surge in data abundance, advancements in big data analytics, proliferation of mobile devices, business globalization, and increasing cybersecurity issues.
Expectations are high for robust expansion in the computer storage devices and servers market in the ensuing years. Expected to reach a value of $120.57 billion by 2029, this market is set to grow at a compound annual growth rate (CAGR) of 6.0%. This growth during the projection period is ascribed to factors such as the rise in sustainable data centers, the proliferation of edge servers, adoption of NVMe for storage devices, heightening focus on data security in servers, and increased storage virtualization for efficiency. The future trends include the integration of storage class memory, software-defined storage (SDS), combination of hybrid and multi-cloud storage solutions, AI-optimized storage and servers plus the use of shingled magnetic recording (SMR) in HDDs.
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What New Market Trends Are Reshaping theComputer Storage Devices And Servers Market and Its Opportunities?
The need for solid state drives is escalating quickly due to their greater capacity and faster performance compared to conventional hard drives. Solid state drives are non-volatile storage devices that utilize solid-state flash memory for data storage, providing swift data reading and writing procedures for both sequential and random data requests. Unlike a hard disk drive, SSDs lack moving parts, making them lighter and more compact. These drives are commonly used in laptops, PCs, enterprise storage hardware, smartphones, tablets, among other devices. For example, a report published by Backblaze, a cloud storage firm based in the U.S., in September 2023 showed that the number of SSDs in storage servers had risen to 3,144 by June 2023, up from 2,558 reported in the SSD annual report for 2022.
Who Are the Leading Market Players Fueling Growth in the Computer Storage Devices And Servers Market Trend?
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.
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How is the Global Computer Storage Devices And Servers Market Segemented?
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 Geographics are Influencing the Growth of the Computer Storage Devices And Servers Market?
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.
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