MICROSERVER IC MARKET ANALYSIS

Microserver Ic MarketSize and Trends

Increasing Popularity of Microserver ICs in Data Center Applications is Driving Growth of the Microserver ICs Market

Microserver ICs are gaining popularity in data center applications as these are less expensive, consume less power, and save physical space as compared to enterprise-class rack servers. Growing demand for data centers in various business domains such as IT & telecom, banking, healthcare, agricultural, and government among others is expected to aid in growth of the market. Number of internet users have increased over the previous year (2017), due to which internet traffic has increased and this creates a need for more data centers. For instance, according to Coherent Market Insights, there are 3.97 billion internet users in the world as of June 2018. This is compared to 3.9 billion internet user in 2017.  Therefore, this has led to a high demand for microserver ICs.

Microserver ICs Market: Key Trends

Increasing demand for cloud-based services and solutions among enterprises globally, is one of the key trends observed in the market. For instance, according to CISCO, the cloud-data center workload in 2016 was 199.4 million and it has increased up to 262.4 in 2017, globally. These microserver ICs provides several advantages over conventional servers such as they are less expensive and use less processing power over conventional. Therefore, microserver ICs are used in cloud for storing data. Hence, these factors are expected to fuel demand for microserver ICs over the forecasted period.