Market Challenges And Opportunities

Factors driving growth of the global NTP server market:

Various governments are imposing rules for organisations to use NTP servers and failure to comply can lead to hefty fines and cancelation of licence. Different government bodies have different requirements for NTP servers. For instance, the Food and Drug Administration (FDA), a federal agency of the U.S. government, says in FDA 21 CFR Part 11 act that utilization of secure, computers-produced, time-stepped review trails to autonomously record the date and time of administrator sections and activities that make, alter, or erase electronic records is mandatory. If a company fails to comply with these rules it can lead to heavy fines from the FDA.

According to the Financial Industry Regulatory Authority (FINRA), a financial regulatory authority of the U.S., All clocks, including computers framework clocks, and time-stepping devices must stay precise inside 1 second of the National Institute of Standards' (NIST) atomic clock.

Thus, use of computer systems in industries is increasing significantly and government bodies are imposing regulation to prevent crimes which is expected to drive demand for NTP servers during the forecast period (2019-2027).