The global micro server IC market is expected to reach USD 1.35 Billion by 2022, at a CAGR of 44.0% between 2016 and 2022. In the present scenario, data traffic is continually rising, driving the demand for secure and reliable storage and processing of data. To accommodate this large data, companies are deploying new data centers or upgrading their existing data centers and developing hyperscale or mega data centers. Other major drivers for the growth of the market are low power consumption and space usage by micro servers, growing trend of cloud computing.
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Micro Server IC Market for Medium Sized Organizations Held the Largest Market Share during the Forecasted Period
The medium sized organizations are adopting micro server IC’s owing to their lower buying and installing cost. In addition, it is easy to upgrade the system if the load increases by simply increasing the server nodes. Thus, medium scale enterprise segment holds the largest market for micro server IC’s. These organizations need to scale immediately whenever required to stay competitive in the market. Micro servers help such organizations to meet their IT requirements as they are easy to set up, use, and maintain without taking up a lot of space. They provide plenty of power, security, and expansion without requiring dedicated IT resources, which are imperative for medium enterprises.
Micro Server IC Market for Data Centers is Expected to Demonstrate the Fastest Growth in the Micro Server IC During the Forecast Period
A data center is a facility used to house computer systems and associated components, such as telecommunications and storage systems. Micro servers are less expensive and consume less power and space than traditional enterprise-class rack servers. They can easily be grouped into clusters and are well suited for tasks that do not require multiple CPUs. The growing need for data centers in various business domains such as IT& telecom, banking, healthcare, agriculture, and government, among others would drive the data center application to grow at the highest CAGR during the forecast period.
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Micro Server IC Market in APAC Region Held the Largest Share of the Market in 2017
The micro server IC market is expected to grow at the highest CAGR in APAC as countries such as India and China are witnessing huge technological advancements and the region is expected to witness many startup’s and business expansions in the coming years. Currently, the demand for application specific servers is huge. The main reason for this is the increasing need for data centers and cloud computing in fast developing economies such as India and China that still have a huge potential for internet connectivity. The application specific customization capability of micro servers provides a better option for data centers and cloud computing companies to use the micro servers as per the workload need. Thus, such features of micro servers would create huge demand for micro servers in the APAC region.