Microservers refer to the compact modular hardware servers that consist of the shared infrastructure, which comprises of a number of small servers for sharing the common network. The microservers are specially designed to simplify maintenance and installation. The servers require low computing power for functioning and are usually less expensive. The global microserver market is forecasted to experience remarkable growth in the years to come. The increase in the number of large-scale data centers is a major factor that drives the growth of the global market.
The excellent features of the microservers are expected to propel the growth of the global market. The immense benefits offered by the micro servers in comparison to the traditional large servers like low computing power, compact size, and low power consumption will further accelerate the market growth. The increasing adoption rate of the IoT-enabled devices and machine-to-machine learning is yet another factor that fuels the growth of the global market of the microservers. The rise in the need for cloud services in different industries and the demand for increased operational efficiency will further propel the market growth.
The rise in the number of small and medium-sized enterprises (SMEs) and the increasing demand for high-density servers with low power consumption are among other significant factors that will accelerate market growth. The global market of microservers is likely to reach a CAGR of nearly 43% during the forecast period. However, the lack of computing power that is required for the heavy server application is a major drawback that is expected to hinder the growth of the global microservers market. The lack of sufficient awareness will further hamper the growth of the global market.
The global micro server market size is segmented based on organization size, component, application, and region.
On the basis of organization size, the global microserver market is bifurcated into small and medium-sized enterprises and large enterprises.
By component, the global market of microservers is divided into service and solution. The service segment is further segmented into professional services, support services, and consulting services. The solution segment is further divided into service, hardware, and software.
On the basis of application, the global market of microservers is classified into the data center, media storage, cloud computing, data analytics, and others.
On the basis of geographical region, the global microservers market is segmented into Europe, Asia Pacific, North America, and the rest of the world.
The North America region accounts for the largest share in the global market due to the early adoption of the microservers in display systems, smartphones, and other electronic items. The increasing technological advancements in the region also drive market growth.
The Asia Pacific region is expected to register the highest CAGR during the forecast period. The presence of the top semiconductor manufacturers in countries like China, South Korea, and Japan accounts for significant market growth.
The microservers market has been significantly affected by the pandemic of COVID-19. However, the key players in the industry are heaving investing in the latest technologies and innovations in order to revive the growth of the market. The efforts of the major players are likely to boost the revenues of the global microservers market in the coming years.