Global server market revenues to reach $112 bn in 2022

New Delhi: The global server market’s revenue is expected to grow 17 per cent (on-year) to reach $111.7 billion in 2022, according to a new report.
From an enterprise perspective, transformation to hybrid cloud and upgrades of existing infrastructure to handle increased workloads will provide growth impetus after a pause during the COVID-19 pandemic, says Counterpoint Research’s ‘Global Server Sales Tracker’.
5G, automotive, cloud gaming and high-performance computing will remain the key drivers for cloud service providers in data centre expansion.
“In an inflationary but extremely dynamic environment, companies are looking to strengthen their infrastructure as they prepare for Web3.0 demands from the infrastructure end,” said research analyst Akshara Bassi.
Also Read Tesla plans 3-way stock split to make its shares affordable “Companies are diversifying their IT infrastructure to meet the needs of data evolution and making customers cloud-ready,” Bassi.
The market is evolving with the introduction of “As-a-Service” and “pay per use” models by server companies, like Pointnext from HPE, APEX from Dell and TruScale from Lenovo.