Server printed circuit boards (PCBs) are circuit boards used to mechanically support and electrically connect electronic components, especially in servers. They provide high-speed data processing and storage capacity to support various applications in different industries. The growing adoption of cloud computing services across enterprises is propelling the demand for advanced server infrastructure, augmenting the server PCB market growth.
The global Server PCB Market is estimated to be valued at US$ 45.22 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The growing adoption of cloud computing services across various industries offers lucrative growth opportunities for the server PCB market. Cloud computing delivers computing services such as servers, databases, networking and software on rent over the internet on pay-per-use basis. It offers flexible and scalable options for companies across industries to host and operate their applications. The increasing deployment of public, private and hybrid clouds is raising the need for advanced server infrastructure with high-performance PCBs. As more companies migrate their workloads to the cloud, the demand for servers facilitating cloud services is expected to surge substantially over the forecast period, positively impacting the server PCB market growth. The server PCB market players can gain a competitive edge by developing innovative PCB solutions optimally designed to support latest cloud infrastructure technologies. Porter's Analysis Threat of new entrants: The threat of new entrants in the server PCB market is low as it requires high capital investment and existing key players already have an established supply chain network and strong brand loyalty. Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established players in the market providing substitutable products. However, buyers still prefer branded products for quality and reliability. Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material suppliers have established supply relationships with key players. However, suppliers can still bargain on prices with new or small players. Threat of new substitutes: The threat of new substitutes is low as server PCBs have highly specialized applications and substitutes would require huge R&D investment to attain similar functionalities. Competitive rivalry: High as the market has many global as well as regional players continuously competing on the basis of product features, pricing, quality, and customer service. SWOT Analysis Strength: High reliability and specialized design of server PCBs allowing long lifecycle in industrial applications. Wide product portfolio catering to diverse server applications. Weakness: High R&D and capital investment requirements posing challenges for small players. Supply chain disruptions affect just-in-time delivery capabilities. Opportunity: Growth in hyper-scale data centers and adoption of edge computing boosting demand. Shift towards modular PCB designs enabling component upgrades. Threats: Trade tensions and duties negatively impact export-reliant players. Substitution threat from modular rack systems integrating components. Key Takeaways The global Server PCB Market is expected to witness high growth over the forecast period of 2023 to 2030, driven by increasing deployment of cloud-based services. Server farms housing thousands of servers require continuous upgrades and replacement of PCBs to support more advanced processor technologies. Regional analysis North America is expected to dominate the global server PCB market over the forecast period followed by Asia Pacific. This is attributed to strong presence of hyper-scale cloud providers like Microsoft, Amazon Web Services, Google investing heavily in data center expansion across the US and Canada. Additionally, countries like China, India, South Korea are emerging as major data center hubs in Asia Pacific necessitating new server installations annually. Key players Key players operating in the server PCB market are SilvertS Adaptive Clothing & Footwear, Izzy Camilleri, NBZ Apparel International, Able2Wear, Adaptions by Adrian, Professional Fit Clothing, Adaptive Clothing Showroom, Creation Confort, Buck & Buck, PVH Corp. and Lycra Company. These players are focused on establishing partnerships with server OEMs and data center operators to gain recurring business. They are also investing in R&D to develop modular and customized PCB solutions for specific processor architectures. Get More Insights On This Topic: https://www.pressreleasebulletin.com/server-pcb-market-is-expected-to-be-flourished-by-growing-cloud/
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