Market Size of Micro Server Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.11 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Micro Server Market Analysis
The Micro Server market was valued at USD 39.71 billion in 2020 and is expected to reach USD 67 billion by 2026, at a CAGR of 9.11% over the forecast period (2021 - 2026). The adoption of machine-to-machine learning and IoT-enabled devices have created the need for more cloud-based services, thus, fueling the micro server market.
- Furthermore, the structured and unstructured data created, as a result of millions of enterprise applications, social networks, and devices, worldwide, is likely to act as a massive propeller to the micro server market. Micro servers can carry out trivial workloads more efficiently than alternative high-speed solutions.
- Furthermore, the needs to improve the operational efficiency of server infrastructure, growing demand for cloud services for various applications, increasing requirement of high-density servers, and low power consumption are some of the factors, which are driving the micro server market for small and medium-sized enterprises. This is because the micro servers are easy to install, as well as to maintain, especially because they feature a pre-installed operating system. Currently, micro servers cost up to 63% less than larger, conventional servers.
- However, lack of awareness and standard specification are some of the restraints hindering the growth of the micro server market, during the forecasted period.
