Data Center Server Market Will Grow Considerably in the Healthcare Sector
According to the latest market research study published by P&S Intelligence, the data center server market size was USD 139.1 billion in 2023, and it will touch USD 307 billion by 2030, powering at a rate of 11.6% in the years to come as well.
The key factors powering the industry are the progression in the IT & telecom sector, growing integration of ML and AI into data center servers, growing acceptance of cloud-based services, fast digitalization, and growing acceptance of the 5G technology, which requires dependable, ascendable servers for handling the augmented network traffic.
Also, the growing number of AI-powered server providers and growing requirement for data storage amongst organizations will power the growth of the industry.
The rack category leads the share of 60% share, in 2023, and this will continue to grow in the years to come as well. This is mostly due to the fact that rack servers aid in meeting the requirements of high-end uses, and they are easier to work as opposed to others, as they are integrated into racks and are further compact.
Furthermore, they have internal fans, therefore are easier to cool. The design of the rack can also provide augmented airflow, and it is also more lucrative. Rack servers are improved for surroundings where not over about 10 servers are required.
The BFSI category had a considerable share, of 45%, in 2023. This is because of the increasing application of cloud-based solutions, which requires dependable, robust, and scalable server infra.
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Moreover, the higher requirement to use the financial and personal info of customers of the bank for numerous purposes, such as tailored recommendation, account opening, transaction processing, and customer engagement and retention, drives the requirement for effective and high-volume servers at the attached data centers.
The healthcare category will observe a considerable growth in the future in the data center server market. This can be credited to the improving healthcare infra, accompanied by tech progressions, growing capital investment by more than a few private and public organizations, and growing standing of data stowage in the healthcare industry.
Top Data Center Server Manufacturers:
North America had the leading share of 40%, in 2023, and it will continue to dominate in the years to come as well. This will be because of the existence of numerous stalwarts, developed IT infra, extensive data center network, and high acceptance of AI and ML, in a number of industries.
Also, the BFSI sector and healthcare sector are growing in the region, both of them are becoming more and more reliant on the analysis of digital info.
Due to the advancement of telecom and IT industry in the world, the demand for data center servers is on the rise. This will continue in the same way, in the future as well.