What Is The Leading Driver Behind Data Deluge Driving Demand For Storage Devices In The Forecasted Era Market Expansion in 2025

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What Will the Computer Storage Devices And Servers Industry Market Size Be by 2025?
The market size for computer storage devices and servers has seen consistent growth over the past few years. It is projected to expand from $88.41 billion in 2024 to $92.65 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.8%. This historical growth pattern can be linked to the surge in data usage, the rise of big data analytics, the proliferation of mobile devices, the globalization of businesses, and increasing concerns about cybersecurity.

What's the Long-Term Growth Forecast for the Computer Storage Devices And Servers Market Size Through 2029?
The market for computer storage devices and servers is projected to experience robust growth in the coming years, escalating to a value of $114.48 billion by 2029, with a compound annual growth rate of 5.4%. The predicted growth during this period stems from factors such as sustainable data centers, the advent of edge servers, the implementation of nvme for storage devices, an enhanced emphasis on data security in servers, and storage virtualization for improved efficiency. Notable trends expected during the forecast period are the integration of storage class memory, the utilization of software-defined storage (SDS), the deployment of hybrid and multi-cloud storage options, AI-optimized storage and servers, and the use of shingled magnetic recording (SMR) in HDDs.

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What Are the Key Growth Drivers Fueling the Computer Storage Devices And Servers Market Expansion?
The surge in data output from personal gadgets and diverse business activities across multiple sectors is forecasted to escalate the need for storage devices. For example, it is anticipated that by 2025 the total global data production will attain 163 zettabytes (ZB). As the volume of data grows, so does the requirement for storage devices from corporate and individual consumers. This is predicted to propel the market growth for computer storage devices and servers in the foroming years.

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What Are the Key Trends Driving Computer Storage Devices And Servers Market Growth?
The popularity of solid state drives is on the rise due to their superior storage capacity and speed compared to conventional hard disk drives. They are a type of non-volatile storage medium that uses solid-state flash memory to store data, providing high-speed read and write operations for sequential as well as random data requests. In contrast to hard disk drives, SSDs lack moving parts, are lighter and smaller in dimension. They are widely utilized in various devices such as laptops, desktops, enterprise storage equipment, smartphones, tablets and many more. For example, Backblaze, a U.S. cloud storage company, reported in September 2023 that there were 3,144 SSDs in storage servers by June of that year, an uptick from the 2,558 previously recorded in the 2022 SSD annual report.

How Is the Computer Storage Devices And Servers Market Segmented?
The computer storage devices and serversmarket 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 Companies Are Leading the Charge in Computer Storage Devices And Servers Market Innovation?
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.

Which Regions Are Leading the Global Computer Storage Devices And Servers Market in Revenue?
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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