The micro server IC market will touch USD 1.74 billion at a 9.3% CAGR in the forecast period (2020 2027), states the latest Market Research Future (MRFR) report.
Increased Need for Data Centers to Boost Market Growth
The increased need for data centers across the developing and developed countries will boost the market growth over the forecast period. Data centers need multiple micro server ICs and in software for micro server ICs. Besides, the number of internet users has also increased in the last couple of years. Increased internet traffic creates the need for higher number of data centers. The increased need for data centers will boost market growth.
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Increased Need for Cloud Computing and Web Hosting to offer Robust Opportunities
The increased need for cloud computing and web hosting will offer robust opportunities for the market over the forecast period. There has been a surging need for web hosting and cloud computing as the cost of online web hosting & cloud storage has declined in the last couple of years. It is cloud computing that creates a need for additional data processing, security, and storage for cloud service providers.
Lack of Standardized Specifications to act as Market Restraint
The lack of standardized specifications may act as a market restraint over the forecast period.
Limited Storage Capacity to act as Market Challenge
The limited storage capacity may act as a market challenge over the forecast period.
The global micro server IC market has been significantly affected via the COVID-19 pandemic. Production facilities of semiconductors and electronics have been halted due to slowdown and unavailability of workforce across the globe. COVID-19 outbreak has caused a protracted and significant drop in manufacturing utilization, and facility closures and travel bans have kept workers out of their factories that led to a shutdown in the market growth in 2020. The pandemic however accelerated existing trends in remote work, automation and e-commerce that creates huge opportunities for the micro server IC post pandemic. Shortage in production units as well as scarcity of effective supply chains due to trade embargos place by nations can impede market growth. The imbalance of supply and demand can be resolved with vaccination efforts taking center stage and also countries relaxing norms for retaining economic growth.
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The micro server IC market has been segmented based on end user, application, processor type, and component.
By component, the hardware segment will lead the market over the forecast period for the increasing need for compact chips for data centers.
By processor type, the Intel processors will dominate the market over the forecast period as it offers smooth software support to customers resulting in higher adoption of ICs.
By application, the edge computing segment will spearhead the market over the forecast period.
By end user, the enterprise segment will command the market over the forecast period.
North America to Have Lions Share in Micro Server IC Market
North America will possess the lions share in the market over the forecast period. Increasing investments in R&D for miniaturized ICs, increased research and development in IoT, increasing cloud-based services that is creating the need for improved and new ICs for faster, better computing to process the huge amounts of data, the presence of largest number of data centers globally, burgeoning need for high data transfer rates, increasing need for communication devices like tablets and smartphones induced with 5G network connectivity, growing data center applicability, and growing market for wearable devices are adding to the global micro server IC market growth in the region.
Prominent players profiled in the global micro server IC market report include Intel Corporation (US), ARM Holdings PLC (UK), Hewlett Packard Enterprise (US), Quanta Computer Inc. (Taiwan), Applied Micro Circuits Corporation (US), Marvell Technology Group Ltd. (UK), Cavium Inc. (US), Dell Technologies (US), Penguin Computing (US), Ambedded Technology (Taiwan), Fujitsu (Japan), Super Micro Computer, Inc. (US), Advanced Micro Devices, Inc. (US), NVIDIA Corporation (US), IBM Corporation (US), SiPearl (France), christmann informationstechnik + medien GmbH & Co. KG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (The Netherlands), Bamboo Systems Group Ltd. (UK), Huawei Technologies Co., Ltd (China), Ampere Computing (US), and Lattice Semiconductor (US).
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