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

In Hungary, the Servers market is experiencing significant growth and development.

Customer preferences: Customers in Hungary are increasingly looking for servers that offer high performance, energy efficiency, and scalability. They are also placing a strong emphasis on data security features and reliable customer support services. As businesses in Hungary expand and digitalize their operations, there is a growing demand for servers that can handle complex workloads and ensure seamless connectivity.

Trends in the market: One prominent trend in the Hungarian Servers market is the rising adoption of cloud-based servers. Businesses are moving towards cloud solutions to enhance flexibility, reduce costs, and improve overall efficiency. This shift is driving the demand for servers that can support cloud computing and storage requirements. Additionally, there is a noticeable trend towards hyper-converged infrastructure solutions in Hungary, as organizations seek to streamline their IT infrastructure and simplify management processes.

Local special circumstances: Hungary's strategic location in Central Europe makes it a hub for international businesses looking to establish a presence in the region. This has led to an increased demand for data centers and server infrastructure to support the growing digital economy in Hungary. Moreover, the government's initiatives to promote digital transformation and innovation are driving investments in IT infrastructure, further fueling the Servers market growth in the country.

Underlying macroeconomic factors: The overall economic stability and steady GDP growth in Hungary are creating a favorable environment for businesses to invest in technology upgrades, including servers. With a skilled workforce and a strong focus on technological advancements, Hungary is attracting foreign investments in the IT sector, contributing to the expansion of the Servers market. Additionally, the government's support for digital initiatives and infrastructure development is boosting the adoption of advanced server technologies across industries in the country.

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.