Micro Servers Market Size to grow by USD 32796.7 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Micro Servers Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: Technavio positions the micro servers market as a segment of the expansive global technology hardware, storage, and peripherals market, which falls under the broader umbrella of the global information technology market. This market encompasses manufacturers of various technology hardware, including cellular phones, personal computers, servers, electronic computer components, and peripherals. Additionally, it covers data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. Key growth drivers for the global technology hardware, storage, and peripherals market include the escalating demand for data centers, fueled by the increasing adoption of work-from-home technologies due to the COVID-19 pandemic. - The Micro Servers Market is experiencing significant growth, fueled by the Shift toward edge computing. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Shift toward edge computing
  • Growing demand for cloud services for various applications
  • Increasing data center consolidation
  • Data security concerns and increasing cybersecurity threats
• Growth Projections

The market size is estimated to grow by USD 32796.7 million, at a CAGR of 10.87% during the forecast period. The High Density Computing (HDC) data center landscape has witnessed significant expansion in 2022, driven by substantial investments from hyperscalers. These companies have collectively allocated around USD200 billion towards capacity enhancement and the establishment of new HDCs. Notably, Google has announced a USD13 billion commitment to constructing new data centers in the US. These investments signify a notable trend, fueling the growth of the global micro servers market, as HDCs necessitate a larger number of physical servers and virtual machines due to their enhanced data storage and computing capabilities.

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• Regional Insights

The Micro Servers Market represents a significant growth opportunity for businesses seeking cost-effective, high-performance IT solutions. These compact servers offer superior processing power, energy efficiency, and scalability, making them an attractive alternative to traditional data center infrastructure. Key players in this market include Dell, HP, IBM, and Lenovo, who continue to innovate and expand their offerings to meet evolving business needs. The market is expected to experience robust growth due to increasing adoption in various industries, including telecommunications, healthcare, and finance.

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