Security News > 2021 > September > Server market size to reach $145.31 billion by 2028

The global server market size is expected to reach $145.31 billion by 2028, according to ResearchAndMarkets.

Such developments are expected to cause an increase in the average selling prices of servers, which is expected to subsequently benefit the market growth.

The increasing demand for customized requirements is expected to drive server sales through ODMs. The market is characterized by intense competition among established market players.

Key market players are focused on product innovation and the introduction of new technologies to their server portfolios.

The state of the server market By product, the rack segment held the dominant revenue share in 2020 and is expected to maintain its lead over the forecast period.

The growth of this segment can be attributed to the customer-specific server designs and the low cost of servers offered by this channel.

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