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Surging Data Traffic Fuels Growth In Storage And Server Support Services Market: A Key Driver Powering Storage And Servers Support Services Market Growth In 2025
Storage And Servers Support Services
How Big Is the Storage And Servers Support Services Market Size Expected to Be by 2034?
The market size for storage and servers support services has seen constant growth over the past few years. A surge from $69.94 billion in 2024 to $72.32 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 3.4%. Factors contributing to this historic growth include the increase in data generation and storage needs, requirements for business continuity and disaster recovery, regulatory compliance obligations, the growing intricacy of IT environments, and pressing issues relating to data security and privacy.
The market size for storage and servers support services is projected to increase consistently over the forthcoming years. It is anticipated to reach a value of $85.66 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.3%. Several factors contributing to this increase during the forecast period include the shift towards hybrid and multi-cloud environments, emphasis on scalability and flexibility, the integration of AI and analytical tools, support for remote workforce and accessibility, as well as initiatives towards energy efficiency and sustainability. Noteworthy trends within this forecast period encompass scalability and flexibility, the adoption of containerization and microservices, the shift towards software-defined storage and networking, as well as an enhanced approach to collaboration and interoperability.
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How Are Emerging Segments Shaping the Storage And Servers Support Services Market Landscape?
The storage and servers support services market covered in this report is segmented -
1) By Product: Rack Servers, Blade Servers, Microservers, Tower Servers
2) By Storage Solution: Scale-Out, Scale-Up, Other Storage Solutions
3) By Deployment: On-premise, Cloud, Other Deployment
4) By Verticals: BFSI (Banking, Financial Services And Insurance), IT And Telecom, Government , Defense, Other Verticals
5) By Application: Industrial Servers, Commercial Servers
Subsegments:
1) By Rack Servers: 1U Rack Servers, 2U Rack Servers, Multi-U Rack Servers
2) By Blade Servers: Full-Height Blade Servers, Half-Height Blade Servers, Blade Enclosures
3) By Microservers: ARM-Based Microservers, Intel-Based Microservers, Custom Microservers
4) By Tower Servers: Entry-level Tower Servers, Mid-Range Tower Servers, High-Performance Tower Servers
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Which Growth Factors Are Influencing Storage And Servers Support Services Market Expansion?
The rise in data traffic is anticipated to drive the expansion of the storage and server support services market. The term 'organizational data traffic' pertains to the extensive bandwidth consumed by continuous and highly active network traffic routes. These storage and server support solutions aid in the storage and upkeep of organizational data traffic and applications, which function like warehouses; these may be either in situ or ex-situ, geared towards improving data operations at a minimal cost. For instance, a report by Ericsson, a company from Sweden involved in telecommunication, in June 2024 reveals that between Q4 2023 and Q1 2024, there was a noticeable quarterly increase in mobile network data traffic by about 6 per cent. The total worldwide mobile network data traffic for that month amounted to 145 exabytes (EB). Therefore, due to the rise in data traffic, the storage and server support services market is burgeoning.
Who Are the Dominant Players Across Different Storage And Servers Support Services Market Segments?
Major companies operating in the storage and servers support services market include The Hewlett Packard Enterprise Company, Dell Inc., International Business Machines Corporation, Fujitsu Limited, Cisco Systems Inc., Lenovo Group Limited, Oracle Corporation, Huawei Technologies Co. Ltd., Shandong Inspur Software Co. Ltd., Microsoft Corporation, NEC Corporation, Hitachi Systems India Pvt. Ltd., Super Micro Computer Inc., Amazon Web Services Inc., Google LLC, Zadara Storage Inc., Quantum Corporation, DigitalOcean Holdings Inc., Wasabi Technologies Inc., VMware Inc., Arista Networks Inc.
What Are the Latest Developing Trends in the Storage And Servers Support Services Market?
Emerging technologies are a key trend on the rise in the storage and server support services market. Many prominent firms operating in this sector are concentrating on creating cutting-edge storage solutions to bolster their market position. An example occurred in August 2023, when Transaction Network Services (TNS), an American financial services firm, unveiled TNS Cloud. This is a platform designed for server management, offering comprehensive trading infrastructure and support for both buying and selling institutions along with their suppliers. The TNS Cloud-Server Management combines the company's exclusive server hosting capabilities with direct server management, and is crafted for high-performance exchange trading through the use of TNS' bare metal servers and ultra-low latency trade connectivity. This comprehensive solution can greatly reduce the complexity and cost of clients' trading centers, freeing up staff to focus on crucial business goals and market expansion opportunities.
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Which Geographic Regions Are Expected to Dominate the Storage And Servers Support Services Market in the Coming Years?
North America was the largest region in the storage and servers support services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the storage and server support services market report during the forecast period. The regions covered in the storage and servers support services 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 Storage And Servers Support Services Market?
2. What is the CAGR expected in the Storage And Servers Support Services Market?
3. What Are the Key Innovations Transforming the Storage And Servers Support Services Industry?
4. Which Region Is Leading the Storage And Servers Support Services Market?
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