Latest News- Micro Servers Market: Large enterprises is expected to lead the End-user segment during 2024-2028

The Micro Servers Market is being driven by Shift toward edge computing

The Micro Servers Market is expected to grow at a CAGR of 10.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 32796.7 million. In the realm of data center technology, High Density Computing (HDC) systems have emerged as an advanced alternative to conventional data centers. HDCs provide enhanced data storage capacity and increased computing speed through the utilization of a substantial number of physical servers and virtual machines. Notably, the global micro servers market experienced significant growth in 2022, driven by substantial investments from hyperscalers totaling around USD200 billion for capacity expansion and the establishment of new data centers. For instance, Google announced a USD13 billion investment in constructing new data centers across the United States. These substantial investments from hyperscalers are instrumental in fueling the expansion of the global micro servers market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Large enterprises
  • Small and medium enterprises
• Application
  • Data center
  • Cloud computing
  • Media storage
  • Data analytics
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Shift toward edge computing
• Growing demand for cloud services for various applications
• Increasing need for high-density servers

However, the market also witnesses some limitations, which are as follows:

• Increasing data center consolidation
• Data security concerns and increasing cybersecurity threats
• Lack of awareness and standard specifications

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Market Scope in Micro Servers Market Research Report

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Research Analysis Overview

Micro servers, also known as computing nodes, offer customizable hardware configurations with low-power processors, RAM, and storage. Their energy efficiency and small physical size make them ideal for data centers with high-density requirements and low power consumption. Scalability and redundancy are key features of microserver architecture, ensuring system reliability. Microservers differ from high-end servers and personal computers, utilizing low-power ICs and a scale out architecture. They are widely used in data centers, web hosting, enterprise-class rack servers, and cloud services. Social networks, devices, and cloud providers leverage microservers for their energy efficiency and ability to handle large workloads in hybrid cloud environments. Blade servers and server blades further enhance the efficiency of microserver deployments.

Market Research Overview

The Micro Servers market is a segment of the larger Technology Hardware, Storage, and Peripherals market, which encompasses manufacturers of various IT hardware, including servers, electronic components, and peripherals. Technavio's market analysis includes revenue generated from sales of hardware devices, equipment, and components. Key growth drivers for this market include the expanding demand for data centers due to the surge in work-from-home technologies and the need for energy-efficient, space-saving solutions like micro servers. These compact computing nodes, featuring low-power processors, RAM, and storage, offer reduced energy costs and minimal physical space requirements, making them an attractive option for businesses prioritizing scalability and cost savings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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