IDC, a leading market research firm, predicts a bright future for the global server market. The firm’s latest report suggests that the market will see strong growth over the next five years, with revenues expected to reach $116 billion by 2029. This represents a compound annual growth rate (CAGR) of 4.3% from 2024 to 2029.
The report highlights that the demand for servers will be driven by increased digital transformation initiatives, cloud computing growth, and the rise of edge computing. These trends are expected to push businesses to invest more in server infrastructure to support their operations.
Specifically, rack-optimised servers are projected to maintain their dominance in the market, accounting for more than half of the total revenues. Meanwhile, high-density optimised servers will experience the fastest growth, with a CAGR of 11.1%.
Geographically, the Asia/Pacific region (excluding Japan) is anticipated to lead the growth, followed by the United States and Western Europe. This growth is attributed to the rapid adoption of digital technologies and the increasing need for data processing capabilities in these regions.
In terms of vendors, IDC forecasts that the competition will continue to intensify, with the top five vendors – Dell, HPE, Inspur, Lenovo, and Super Micro – expected to maintain their market positions.
Go to source article: https://www.theregister.com/2024/03/14/idc_charts_bright_future_for/