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The global server market size is expected to reach USD 83.06 billion by 2025, expanding at a CAGR of 5.4% during the forecast period, according to a study conducted by Grand View Research, Inc.Demand for servers is anticipated to grow considerably in near future, owing to the growing need for IT infrastructure and advancements in digital technologies.
Rising adoption of data analytics by enterprises to understand consumer trends has resulted in the growing adoption of IT networking equipment.The market for server has witnessed a shift from colocation data centers to managed data center services.
Owing to the cost advantages achieved by managed data center services, enterprises are adopting virtual servers that help in extending the server adoption by renting the networking equipment, connecting devices and peripherals, and cloud space.
The cloud space server adoption can be private or shared, resulting in enterprises to reduce the total-cost-of-ownership.The growing competition between Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) is an emerging trend in the server market.
ODMs not only assemble and manufacture the components in OEM products but also produce customized products.
Thus, the growing demand for customization requirements for specific configurations is driving the demand for ODM servers.Further, increasing use of data-intensive functions such as cloud computing, streaming services, and others is expected to provide an impetus to server adoption.
All the transactions performed at any earlier date can be accessed whenever needed and also using any device.
The data of the Mutual Fund Software is secured on the cloud servers which reduces the chance of the data loss.
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