Servers - Hungary

Hungary

Revenue in the Servers market is projected to reach US$147.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.70%, resulting in a market volume of US$280.80m by 2029.
The average Spend per Employee in the Servers market is projected to reach US$29.34 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 the Data Center Market in Hungary has seen minimal growth due to factors such as slow adoption of digital technologies, low health awareness, and limited access to online services.

Customer preferences: The increasing adoption of cloud computing and virtualization technologies has led to a rise in demand for server infrastructure and services in the data center market in Hungary. This trend is driven by the need for scalable and cost-effective solutions, as well as the growing popularity of remote work and online collaboration. Additionally, the rising use of artificial intelligence and machine learning applications is driving the need for high-performance servers to handle complex data processing tasks.

Trends in the market: In Hungary, the Servers Market within the Data Center Market is experiencing a shift towards cloud-based solutions, with a growing demand for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) offerings. This trend is driven by the need for scalable and cost-effective solutions, as well as the increasing adoption of digital transformation strategies by businesses. Additionally, there is a growing focus on energy efficiency and sustainability in data centers, leading to the adoption of green technologies and renewable energy sources. These trends have significant implications for industry stakeholders, as they must adapt to the changing landscape and invest in innovative solutions to remain competitive. Furthermore, there is a potential for partnerships and collaborations between data center providers and renewable energy companies, creating new opportunities for growth in the market.

Local special circumstances: In Hungary, the Servers Market within the Data Center Market is influenced by the country's strong economic growth and stable political climate. This has attracted foreign investments and led to the development of advanced data center infrastructure. Additionally, the government's initiatives to promote digitalization and e-governance have increased the demand for reliable servers. The country's location in central Europe also makes it a strategic hub for international data traffic, further driving the growth of the Servers Market within the Data Center Market.

Underlying macroeconomic factors: The Servers Market within the Data Center Market in Hungary is impacted by macroeconomic factors such as the country's economic stability, government policies, and investment in IT infrastructure. With the rise of digital transformation and the growing demand for data storage and processing, businesses are increasingly investing in data centers and servers. Countries with favorable economic conditions and policies that support the growth of the data center market are experiencing higher adoption rates of servers and related services. Additionally, the increasing demand for cloud-based solutions and the rise of big data analytics are also driving the growth of the Servers Market in Hungary.

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.