The ‘Global Cloud Server Market’ was valued $XX billion in 2020 and is expected to reach $XX billion at the CAGR of XX% between 2021 and 2031.
A Cloud Server Market can also be called a virtual private server or virtual server. A cloud server is a virtual infrastructure that helps to perform information and application processing storage. Cloud servers are designed using virtualization software break down a physical server into different virtual servers. Organizations use an IaaS or infrastructure-as-a service model to store information and process workloads. The virtual server functions can be accessed by the organization through an online interface. There are mainly two types of cloud server, one is logical cloud server and the other one is physical cloud server. A cloud server is treated to be logical when it is forwarded through server virtualization. Whereas, in the case of physical cloud server, it can be accessed through internet remotely and hence it is generally called as a dedicated cloud server. Rising adoption of cloud servers by many business enterprises to reduce IT cost, therefore creates a huge market growth opportunity over the next eight years.
In cloud server, several networks are interconnected on a global basis to offer data storage services across the globe. Increasing use of cloud-based storage by most of the business enterprises, makes the market popular these days. Growing demand for sharing and storing professional or personal data is estimated to propel the cloud server market over the projection period. Extensive use of electronic devices such as tablets and smartphones has created huge demand for private cloud servers. In addition to this, lower cost of cloud server in comparison to conventional server, also creates a huge demand of cloud servers in business enterprises present across the world. Moving forward, many government agencies present worldwide have built data centers for their conveyance. Growing adoption of big data analytics, cloud-based services and Internet of Things (IoT) in several government sectors, is one of the major factor fueling the growth of this market.
Source: SAI Research
The cloud server market is segmented by computing model which includes private cloud, public cloud and hybrids cloud. Further down, the cloud server market in report is segmented by type that includes logical cloud server and physical cloud server. Moreover, based on end-users the market has been further divided as retail, telecommunication & IT, BFSI, transportation & logistics, healthcare and others. The global cloud server market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Among the other regions, Asia-Pacific is witnessing a rapid growth in the cloud server market. Rise in number of healthcare units and IT infrastructure in countries like Japan, China and India, therefore makes the cloud server market more demanding in the Asia-Pacific region. Additionally, increasing technology awareness is further projected to rise the demand for cloud computing. Moving forward, advances in API or application programming interface and development of open-source technologies help promote the growth of private cloud server market. Increasing investments by key vendors in the research and development sector for technological advancements,is expected to drive the global cloud server industry over the next eight years.
However, issues regarding security and safety are expected to affect the market growth over the projection period. Moreover, rise in chances of server crash and lack of standardization is anticipated to hamper the cloud server industry exponentially.
Some of the major players in the global cloud server market include IBM Corporation, Microsoft Corporation, Oracle Corporation, Google LLC, Dell Inc., Hewlett Packard and few others likely to be named.
The Global Cloud Server Market Has Been Segmented into:
Global Cloud Server Market: By Computing Model
Global Cloud Server Market: By Type
Global Cloud Server Market: By End-Users
Global Cloud Server Market: By Geography
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