Dublin, Sept. 25, 2024 (GLOBE NEWSWIRE) — The “Data Center Blade Server Market – Forecast to 2024 to 2029” report has been added to ResearchAndMarkets.com’s offering.
The data center blade server market is expected to grow from USD 19,622 million in 2024 to USD 31,707 million in 2029, at a CAGR of 9.90%.
The demand for data center blade servers is growing due to the increasing focus on low power consumption and high productivity in existing infrastructure. The market growth is driven by less physical space and energy usage, providing higher processing power in less space, further reducing capital expenses for enterprises.
Increasing computing density, business optimization needs, and virtualization are also driving the demand for data center blade servers. Enterprises are increasingly requiring data center blade servers to streamline IT operations and accelerate service delivery. Increasing adoption of virtualization applications, increasing load on data centers, and better utilization of data center space are also the major drivers for the data center blade server market.
Increased use of cluster computing and web hosting
Increasing demand for storage space and connectivity to branches, clients, and vendors across the globe through networks is providing businesses with better accessibility and wider reach to their customers.The virtualization segment will witness a significant CAGR during the forecast period, owing to increasing investments in applications such as artificial intelligence (AI) and augmented reality (AR).
Virtualization provides more space to enterprises and colocation centers, freeing up space for cloud computing and providing a bigger platform to share with clients.The use of web hosting, virtualization and cluster computing is on the rise due to reduced costs, efficient delivery services, wider reach, flexibility, scalability and simultaneous management of multiple infrastructures.
Increasing Adoption by Colocation Service Providers
Increase in adoption of colocation solutions and services due to the rise in big data is leading to an increase in the demand for colocation. This, coupled with the growing focus on low power consumption, is driving the adoption of data center blade servers to reduce the overall cost, and increase virtual space to provide more storage space and better networking solutions to clients. The enterprise segment will also grow during the forecast period due to the increasing demand for storage space, networking, and security. This will drive enterprises to use data center blade servers for greater efficiency and cost-effectiveness.
High demand from the healthcare industry
Digitizing consumer health records into Electronic Medical Records (EMR) drives data accumulation. Recent advances in medical equipment and modernization of traditional operating systems drive the need for data centers. Examples of these advancements include improved human resource management and patient care systems. The need for data centers leads to the need for data center cooling.
In the near future, the evolution of healthcare will be focused on reimagining clinical care and operations around digital health, with widespread and immediate use of advanced analytics and data to achieve these goals. Achieving such outcomes will require storing vast amounts of data, which will drive the demand for data center blade servers over the forecast period.
Telemedicine is becoming increasingly popular due to a variety of benefits it offers, including allowing patients to access the doctor they need from anywhere. While it is an efficient way to save money and time as routine consultation schedules change, it also generates a huge amount of data, highlighting the need for data centers.
High initial investment
The high initial cost of purchasing blade server units is hindering market expansion, and even deploying advanced devices in small quantities can be costly, so the cost factor is very important for market expansion.
North America is expected to account for a major share during the forecast period.
The region is seeing a shift from storage on individual devices and systems to the core cloud and network edge. A recent survey by Intel Security showed a three-fold increase in the number of companies using hybrid cloud services exclusively. Cloud providers are enhancing security and enabling stronger and more reliable systems within the enterprise, which is a huge advantage. Additionally, companies in the region are investing heavily in building AI frameworks that require instant processing of huge amounts of data collected in real time.
Key attributes:
Report AttributesDetailsNumber of Pages136Forecast Period2024 – 2029Estimated Market Value in 2024 (USD)$19.62 billionForecasted Market Value to 2029 (USD)$31.7 billionCAGR9.9%Target RegionGlobal
Featured Companies
Super Micro Computer, Inc.Dell Inc.Intel CorporationOracle CorporationCisco Systems, Inc.Hitachi Vantara LLCIBMLenovoAVADirect Custom ComputersHewlett Packard Enterprise Development LP
Market segmentation:
By function
Web Hosting Virtualization Cluster Computing
By end user
Colocation Providers Cloud Providers Companies
By Geography
North America United States Canada Mexico South America Brazil Argentina Others Europe Germany France UK Spain Others Middle East and Africa Saudi Arabia Israel Others Asia Pacific China Japan Korea India Taiwan Thailand Indonesia Others
For more information on this report, please visit: https://www.researchandmarkets.com/r/r57lmi
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Data Center Blade Server Market
