Press Release

Global Micro Server IC Market is Anticipated to Reach USD 2.6 Billion by 2027 witnessing a CAGR of 12.5%

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The micro server IC market is expected to witness a CAGR of 12.5% during the forecast period. Microservers are small devices used in low-power microprocessor chips, where space is substantially needed. Factors driving the growth of the microprocessor IC market are highly power-efficient and compact, the emergence of hyper-scale computing, a surge of industry revolution 4.0 will accelerate the growth of the microprocessor IC market.

Micro-Server-IC-Market

The surge in demand for data centers owing to increased internet traffic, increasing digital platforms i.e., cloud computing and web hosting, and rising deployment of data centers in various business domains like IT& telecom, banking, healthcare, agriculture, government, etc. will provide promising opportunities for micro server IC market.

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The micro server IC market has been negatively impacted by the COVID-19 pandemic. The production facilities of electronics and semiconductors have been stopped, owing to disruption in the supply chain and a lack of labor force.

By application, the edge computing segment is projected to witness the highest growth rate during the forecast period.

Based upon application, the micro server IC market is categorized into web hosting & enterprise applications, analytics & cloud computing, and edge computing. Edge computing is anticipated to have a high growth rate during the forecast period 2021-2027 owing to the rising adoption of 5G solutions that provide reduced latency and connect an increasing number of edge devices, specifically in consumer space. Moreover, there is an increasing need for edge computing in varied applications like connected and autonomous vehicles, smart manufacturing and IoT, and smart cities, which has increased the growth of edge data centers, resulting in providing opportunities for growth in micro server IP market.

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By application, the edge computing segment is projected to witness the highest growth rate during the forecast period.

Based upon application, the micro server IC market is categorized into web hosting & enterprise applications, analytics & cloud computing, and edge computing. Edge computing is anticipated to have a high growth rate during the forecast period 2021-2027 owing to the rising adoption of 5G solutions that provide reduced latency and connect an increasing number of edge devices, specifically in consumer space. Moreover, there is an increasing need for edge computing in varied applications like connected and autonomous vehicles, smart manufacturing and IoT, and smart cities, which has increased the growth of edge data centers, resulting in providing opportunities for growth in micro server IP market.

Tags: Micro Server IC Industry, Micro Server IC Market Demand, Micro Server IC Market Forecast, Micro Server IC Market Size, Micro Server IC Market Share, MICRO SERVER IC market

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Call: +91-996-028-8381
Toll Free (U.S. and Canada): +1-888-253-3960
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