Servers - Cyprus | Statista Market Forecast

Revenue in the Servers market is projected to reach US$11.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.15%, resulting in a market volume of US$17.20m by 2029.
The average Spend per Employee in the Servers market is projected to reach US$16.12 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 of Cyprus is experiencing minimal growth, influenced by factors such as limited technological advancements and lower demand for data storage. Despite this, the market is expected to see steady growth due to the increasing adoption of cloud computing and the rising need for efficient data management solutions.

Customer preferences: With the rise of cloud computing and the increasing importance of data storage and management, there has been a growing demand for efficient and reliable servers in the Data Center Market. This trend is driven by the need for faster processing speeds, higher storage capacity, and better network connectivity. Additionally, the increasing reliance on technology in both personal and professional settings has led to a greater demand for servers that can handle large amounts of data and support a wide range of applications. As a result, there has been a shift towards more advanced server technologies that can meet the evolving needs of consumers and businesses alike.

Trends in the market: In Cyprus, the Servers Market within the Data Center Market is experiencing a surge in demand for cloud-based services, as companies are increasingly moving towards remote work and digital transformation. This trend is expected to continue, as businesses prioritize flexibility and scalability in their IT infrastructure. Additionally, there is a growing focus on energy efficiency and sustainability in data center operations, with more emphasis on renewable energy sources and efficient cooling systems. These developments have significant implications for industry stakeholders, as they must adapt to the changing market landscape and invest in innovative solutions to meet the evolving needs of their clients.

Local special circumstances: In Cyprus, the Servers Market within the Data Center Market is heavily influenced by the country's strategic location as a hub for internet connectivity between Europe and the Middle East. This has led to a growing demand for data center services, particularly in the financial and gaming sectors. Additionally, the country's favorable tax and regulatory environment has attracted international companies to establish their data centers in Cyprus, driving market growth. Moreover, the country's strong cultural ties to both Europe and the Middle East have created a diverse customer base for data center services, further fueling market expansion.

Underlying macroeconomic factors: The Servers Market within the Data Center Market in Cyprus is greatly impacted by macroeconomic factors such as technological advancements, government policies, and overall economic health. The country's strong investment in digital infrastructure and favorable regulatory environment has boosted the growth of the market, leading to increased demand for servers and data center services. Additionally, with the rising prevalence of digital transformation and the adoption of cloud computing among businesses, the demand for data centers and servers is expected to continue growing in the coming years. This trend is also influenced by the increasing need for efficient data storage and management, especially in the wake of the COVID-19 pandemic.

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.