Servers - Armenia | Statista Market Forecast

Revenue in the Servers market is projected to reach US$8.48m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.50%, resulting in a market volume of US$13.36m by 2029.
The average Spend per Employee in the Servers market is projected to reach US$6.12 in 2024.
In global comparison, most revenue will be generated United States (US$47bn in 2024).

Definition:

The Server market focuses on large-scale, high-performance data-processing units, such as standalone servers and server racks, predominantly utilized in data centers for intensive computing tasks. This market specifically focuses on solutions that support significant computing power for businesses and organizations, setting aside options like consumer-grade hardware products such as Network Attached Storage or Small-Scale servers for private environments. These servers play a pivotal role in powering the technological backbone of numerous sectors, providing the computational strength necessary for today’s data-driven and cloud-centric world.

Additional Information:

The Server market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Server market include companies such as Dell, HPE, Nvidia, and IBM.

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Compute Intensive Servers, such as IBM Power Systems, and Dell PowerEdge C Series
Enterprise Volume Servers, such as HPE ProLiant DL Series, and Lenovo ThinkSystem Servers
Standalone Servers, such as Cisco UCS C-Series Rack Servers, and Dell PowerEdge T Series Tower Servers
Server Racks, such as HPE G2 Advanced Series Racks, and Tripp Lite Server Racks

Personal Computers, such as Apple iMac, and Dell Inspiron Series
Storage Intensive Servers, such as Dell EMC PowerVault Series, and NetApp FAS Series

The Servers Market in the Data Center Market in Armenia has seen minimal growth due to factors such as limited adoption of technology, low health awareness among consumers, and the lack of convenience offered by online services. This stagnant growth rate is impacted by the country's slow economic growth and limited investment in digital infrastructure.

Customer preferences: With the rise of remote work and online education, there has been a growing demand for reliable and high-performance servers in the Data Center Market in Armenia. This trend is driven by the increasing adoption of cloud computing and virtualization technologies, as well as the need for secure and efficient data storage and management. Additionally, as the country's economy continues to grow, there is a rising demand for advanced servers to support the expansion of businesses and industries. This shift towards digitalization and technology-driven solutions is also influenced by the country's young and tech-savvy population, which is driving the demand for more efficient and advanced servers.

Trends in the market: In Armenia, the Servers Market within the Data Center Market is experiencing a shift towards cloud-based solutions, with more businesses opting for virtualization and managed hosting services. This trend is driven by the need for cost efficiency and scalability, as well as the increasing adoption of remote work and digital transformation. Additionally, there is a growing demand for green data centers, with companies investing in renewable energy sources and energy-efficient infrastructure. These trends are significant as they offer cost savings and environmental benefits, while also addressing the growing data storage needs of businesses. For industry stakeholders, it is crucial to stay updated on these trends and adapt to the changing market landscape to remain competitive.

Local special circumstances: In Armenia, the Servers Market within the Data Center Market is heavily influenced by the country's geographic location and political climate. The landlocked country's limited access to the sea and its close proximity to neighboring countries with unstable economies have led to a demand for secure and reliable data storage solutions. Additionally, the government's efforts to attract foreign investment and promote a tech-friendly environment have led to a growing demand for advanced server technologies in the data center market.

Underlying macroeconomic factors: The Servers Market within the Data Center Market in Armenia is influenced by various macroeconomic factors. The country's economic health, fiscal policies, and global economic trends all play a role in shaping the market. Additionally, government initiatives and investments in technological advancements and infrastructure can impact market growth. The increasing demand for data storage and processing, along with the growing adoption of cloud computing, also contribute to the growth of the Servers Market within the Data Center Market in Armenia.

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

As emerging technologies continue to shift digital habits, hardware vendors are looking to ensure that digital infrastructure keeps pace. Servers lie at the heart of these efforts, acting as the critical hardware at the core of any computer network. A server is defined as a computer that provides resources, data, programs, or services to other computers, known as clients, over a network. Server manufacturers produce a range of specialized devices to meet specific applications, including web servers, file servers, network servers, game servers and database servers, with the recent rise of artificial intelligence (AI) also prompting the development of specialized AI servers. Almost 14 billion servers were shipped across the globe in 2023, with the market bringing in more than 90 billion U.S. dollars in revenue.