Servers - Singapore

Singapore

Revenue in the Servers market is projected to reach US$287.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.84%, resulting in a market volume of US$459.90m by 2029.
The average Spend per Employee in the Servers market is projected to reach US$77.80 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

Market

Region

Region comparison

Currency

Analyst Opinion

The Servers market in Singapore has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Singapore are increasingly demanding servers with higher processing power, storage capacity, and energy efficiency to support their growing digital infrastructure and data storage needs. They are also placing a strong emphasis on server reliability and security to ensure seamless operations and data protection.

Trends in the market: One notable trend in the Servers market in Singapore is the rising adoption of cloud-based servers and virtualization technologies. Businesses are leveraging these solutions to optimize their IT resources, improve scalability, and enhance overall operational efficiency. Additionally, there is a growing demand for edge computing servers to support the proliferation of Internet of Things (IoT) devices and applications in various industries.

Local special circumstances: Singapore's strategic location as a regional hub for technology and business has contributed to the growth of the Servers market in the country. The government's initiatives to promote digital transformation and innovation have also played a key role in driving the adoption of advanced server technologies among local businesses. Furthermore, the presence of multinational corporations and data centers in Singapore has created a conducive environment for server vendors to expand their operations and offerings in the market.

Underlying macroeconomic factors: The stable economic environment, strong digital infrastructure, and skilled workforce in Singapore have attracted investments from global technology companies, leading to the continuous development and evolution of the Servers market in the country. Moreover, the government's focus on building a Smart Nation and investing in research and development has further propelled the demand for cutting-edge server solutions to support various digital initiatives and projects across different sectors.

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.