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 seen minimal growth due to factors such as slow adoption of digital technologies, lack of health awareness among consumers, and limited convenience of online services. This has resulted in a stagnant growth rate.

Customer preferences: In Canada, there has been a noticeable increase in demand for servers within the data center market, driven by the growing reliance on cloud computing and big data analytics. This trend is further fueled by the increasing adoption of digital solutions in various industries, such as e-commerce and telecommunication. Additionally, the rise of remote work and virtual events has also led to a surge in demand for servers to support online activities. These factors highlight the growing importance of efficient and reliable server infrastructure in Canada's digital landscape.

Trends in the market: In Canada, the Servers Market within the Data Center Market is experiencing a shift towards hyper-converged infrastructure, combining compute, storage, and networking into a single system. This trend is driven by the need for more efficient and scalable data centers. Additionally, there is a growing demand for edge computing solutions, as businesses look to reduce latency and improve performance. These trends have significant implications for industry stakeholders, as they must adapt to new technologies and invest in infrastructure to remain competitive in the rapidly evolving market.

Local special circumstances: In Canada, the Servers Market within the Data Center Market is influenced by the country's strong focus on sustainable energy and environmental regulations. This has led to an increase in demand for energy-efficient servers and data centers, and a shift towards renewable energy sources. Additionally, Canada's highly skilled workforce and diverse population have contributed to the growth of the data center market, with a focus on cloud computing and edge computing solutions. The country's strict data privacy laws and government support for digital infrastructure also play a significant role in shaping the Servers Market within the Data Center Market in Canada.

Underlying macroeconomic factors: The Servers Market within the Data Center Market in Canada is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. The country's strong economy and stable political climate make it an attractive market for data center providers. Additionally, the growing demand for cloud services and the increasing adoption of IoT technologies are driving the need for more robust and efficient server solutions. Moreover, Canada's focus on renewable energy sources and its commitment to reducing carbon emissions are also influencing the market, with a growing demand for energy-efficient servers and data center solutions.

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.