The global severs market was valued at almost USD 53 billion in 2016 and is expected to surpass USD 71 billion by 2021.
Procurement market intelligence analysts have announced its latest market research report on servers for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global servers market during the forecast period. Some of the top vendors listed in this industry analysis include HPE, Dell Technologies, IBM, Lenovo, and Cisco.
In terms of geographical analysis, the Americas led the global servers market by accounting for around 40% of the overall market share during 2016.
Click here to request a free sample of this report
According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “Suppliers in the market are making investments in machine learning through neural networks specifically for IT load, temperature, and proficiency of the cooling equipment. One key upcoming trend in the adoption of artificial intelligence for improving server operations.”
For report customization, click here
The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increase in use of Big Data and IoT
The increasing use of Big Data analytics across industries is spurring the need for servers with high processing capabilities. The increasing number of IoT applications also generates massive data, network traffic, and demand for real-time analytics, resulting in the production of new server designs and methods of deploying compute capability.
Proliferation of online transactions
Fueled by the rising the volume of users using payment gateways and online banking systems, the demand for servers from e-commerce companies is also on the rise. For instance, the expected online retail sales worldwide are projected to be worth almost USD 2,500 billion by 2018. Factors such as increasing urbanization and online channels during the forecast period are also anticipated to aid growth of the global servers market.
Growth of home media entertainment
Factors such as the rapid proliferation of smartphones, tablet PCs, and wireless Internet is propelling the growth of the home entertainment market on a global scale. The capability of devices to connect with each other is fueling the growth of home media servers. Rising consumer affluence and urbanization are also contributing factors that propel the growth of the home media servers.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Servers – Procurement Market Intelligence 2017’.
Get more information on procurement market intelligence at https://www.spendedge.com/
