Servers - Canada

Canada

Revenue in the Servers market is projected to reach US$2.59bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.59%, resulting in a market volume of US$3.91bn by 2029.
The average Spend per Employee in the Servers market is projected to reach US$118.60 in 2024.
In global comparison, most revenue will be generated in the United States (US$47,260m in 2024).

Key regions: Japan, India, China, United Kingdom, Europe

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Analyst Opinion

The Servers market in Canada has been experiencing notable developments and trends in recent years.

Customer preferences: Customers in Canada are increasingly demanding servers with advanced capabilities to support their growing digital infrastructure needs. They are looking for servers that offer high performance, scalability, and energy efficiency to handle complex workloads and data-intensive applications. Additionally, there is a rising preference for servers that provide enhanced security features to protect sensitive data in compliance with stringent regulations.

Trends in the market: One prominent trend in the Canadian Servers market is the increasing adoption of cloud-based servers. Businesses are moving towards cloud solutions to improve flexibility, reduce costs, and enhance accessibility to data and applications. This shift is driving the demand for servers that can support cloud computing environments effectively. Moreover, there is a growing trend towards edge computing, leading to the deployment of servers closer to end-users to reduce latency and improve overall performance.

Local special circumstances: Canada's geographic vastness and diverse climate present unique challenges for server deployment and maintenance. The need to ensure reliable server performance in extreme weather conditions, especially in remote areas, has led to the development of specialized server solutions tailored to withstand harsh environments. Additionally, Canada's data privacy regulations and concerns around data sovereignty influence the type of servers preferred by businesses operating in the country.

Underlying macroeconomic factors: The stable economic growth in Canada has been driving investments in digital infrastructure, including servers. As businesses across various industries continue to digitize their operations, there is a growing need for robust server systems to support their technological advancements. Furthermore, the government's initiatives to promote innovation and technology adoption are contributing to the expansion of the Servers market in Canada.

Methodology

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.