The China data center server market reached a value of USD 7.6 billion in the previous year, and it is further projected to register a CAGR of 19% during the forecast period. The increasing demand for cloud computing among (small and medium-sized enterprises) SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country/region.
The China data center server market is fairly consolidated among top players and has gained a competitive edge in recent years. Some of the major players include such as Huawei Technologies Co., Ltd., Dell Inc., Lenovo Group Limited, and others. These major players with a prominent market share focus on expanding their customer base across the region. These companies leverage strategic collaborative initiatives to increase their market share and profitability.
In September 2022, Lenovo Group Ltd. announced dozens of new servers, storage systems, and hyper-converged infrastructure appliances, as well as a cloud-based hardware management service. Its new servers can run financial analytics applications up to 70% faster than its previous-generation hardware. Developing artificial intelligence applications is another task that the company promises to speed up significantly for customers.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook