Micro Server Market Future Trends, Industry Size and Forecast to 2023Posted by Akshay Solanki on February 15th, 2021 Market Research Future (MRFR), highlights that the “The global micro server market is expected to grow at a CAGR of approximately 43% during the forecast period of 2017-2023.”
The micro servers are widely being used in data centers that consume less power without compromising on cutting-edge performance required in critical technological services. It is observed that large-scale data centers are making their presence in all parts of the world, and thus, the market for micro servers is witnessing rapid growth.
The global micro server market is segmented by component, processor, application, and organization size. The component segment is bifurcated into solutions and service. The solution segment comprise of hardware, software & service. The service is further bifurcated into consulting services, installation support services and professional services. The application segment consists of media storage, data center, data analytics, cloud computing and others. The organization size segment consists of small & medium enterprises and large enterprises.
The upcoming trend for micro server market is the rise in growth rate of infrastructure for cloud and data centers, especially in technologically developing regions, such as Asia Pacific and Western Europe. The major growth driver for micro server market is the benefits provided by micro server over the traditional large servers, such as lower power consumption, low computing power, and compact size.
According to Market Research Future Analysis, the global micro server market is estimated to generate revenue of approximately USD 67 billion by 2023 growing at a CAGR of 43%, during the forecast period of 2017-2023.
Some of the key players in the Micro Server market:
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North America region accounts for high share of the global micro server market in terms of value, owing to early adoption of micro server in smartphones, display system, other electronics goods, and rapid rate of technological advancements in semiconductor industry in the region. In Asia Pacific market, enterprises in countries such as Japan and China are mostly operating in consumer goods applications, which is aiding the market growth in the region. The study indicates that the U.S. and Europe account for significant value share in the global micro server market.
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