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.
However, lack of awareness among small and medium enterprise may restrict the growth of
microserver ICs over the forecasted period (2018-2026).
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.
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Global Microserver IC: Regional Insights
On the basis of region, the global microserver IC market is segmented into North America,
Europe, Latin America, Asia Pacific, Middle East, and Africa.
North America was the dominant region in the global microserver IC market in 2017, due to high
presence of key players in the region. Microservers are increasingly being used across this region
by various businesses as well as data centers and cloud companies such as Dell, HP, and IBM.
These companies have directed their efforts in order to developed advanced microserver
technology. This is therefore, expected to aid in the growth of the market in the region. The
increasing usage of Big Data and Hadoop software in North American companies is also fueling
the growth of the microserver IC market in the region as running these software requires
datacenters in order to store large quantities of data.
Asia Pacific region is expected to showcase a significant growth in the microserver IC market
during the forecast period (2018-2026). High presence of semiconductor manufacturing
companies such as Toshiba, Mitsubishi and Sony in countries such as China, Japan, and South
Korea is one of the major factors boosting growth of the microserver IC market in the region.
According to World Semiconductor Trade Statistics, semiconductor market share was US$ 412.2
billion growing at a CAGR of 21.6% in 2017 and is expected to grow at a CAGR of 15. 6% and
reach US$ 477 billion in 2018.
Global Microserver IC: Competitive Landscape