PUBLISHER: Allied Market Research | PRODUCT CODE: 1414706
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414706
According to a new report published by Allied Market Research, titled, "Microserver Market," The microserver market was valued at $28.8 billion in 2022, and is estimated to reach $122.4 billion by 2032, growing at a CAGR of 15.8% from 2023 to 2032.
Moreover, the microserver market has been experiencing remarkable growth, primarily driven by its low power consumption and space-efficient design. Microservers are compact, energy-efficient computing solutions tailored for specific tasks, making them ideal for various applications in data centers and edge computing environments. In addition, growing trends in cloud computing and web hosting are significant driving factors for the microserver market. However, the application-specific nature of microservers has both advantages and limitations that can impact the growth of the microserver market. On the one hand, microservers are tailored to excel in specific tasks, offering cost-efficiency, energy savings, and compactness. This specialization is ideal for certain workloads like web hosting, content delivery, or lightweight data processing, making micro servers a great choice for these applications. The increased demand for data centers in developing countries is poised to create significant opportunities for the microserver market's growth. Data centers are crucial for storing, processing, and managing the ever-expanding volumes of digital information, from personal data to corporate operations. Furthermore, major market players have undertaken various strategies to increase the competition and offer enhanced services to their customers. For instance, in May 2023, NVIDIA launched the NVIDIA MGX server specification, which provides system manufacturers with a modular reference architecture to quickly and cost-effectively build more than 100 server variations to suit a wide range of AI, high-performance computing and Omniverse applications. In May 2023, NVIDIA announced that Taiwan's leading computer makers are set to release the first wave of systems powered by the NVIDIA Grace CPU Superchip and Grace Hopper Superchip for a wide range of workloads spanning digital twins, AI, high-performance computing, cloud graphics, and gaming.
The Microserver market is segmented on the basis of component, function, organization size, application, and region. On the basis of the component, the market is segmented into hardware and software. By function, it is bifurcated into intel, AMD, and others. On the basis of the organization size, the market is segmented into large enterprises and small and medium-sized enterprises. By application, it is bifurcated into data center, data analytics, cloud computing, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players profiled in the report include Advanced Micro Devices, Inc., Dell Inc., Fujitsu Ltd., Hewlett Packard Enterprise, Hitachi, Ltd., IBM Corporation, MiTAC Holdings Corp., NVIDIA Corporation, Penguin Computing, and Super Micro Computer, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the microserver market.
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