High
Availability Server Market Banking, Financial Services, and
Manufacturing Drives Growth Primarily by 2025
Global
High Availability Server Market: Snapshot
Both
large and medium-sized companies are competing against one another in
the global
market for high availability servers. In order to stay ahead of
the game, they are focusing hard on configuring high availability
server into system infrastructure that will provide better features
by improving the skill sets supported by these servers.
A
properly designed high availability server offers minimum processing
latency and maximum uptime by means of hardware redundancy feature,
which serves to lower the risk of hardware failure. This advantage
has led to its swift uptake by the banking and financial institutions
and the retail sector that needs to store vast amounts of data and
access those quickly, efficiently, and securely. Because of this and
also the constant thrust on product development along with the
expansion in the data center equipment market, the global market for
high availability servers has been expanding at a healthy clip.
Browse
The Report:
Expensiveness
of high availability server and steep cost of its maintenance, on the
flip side, is serving to hinder its market’s growth. Besides, the
fact that not many are aware of its uses, is also acting as a
deterrent to the market.
A
report by Transparency Market Research forecasts the global high
availability server market to expand at a robust CAGR of 11.7% from
2017 to 2025 to become worth US$12,306.9 mn by 2025 from US$4,105.0
mn in 2015.
Banking,
Financial Services, and Manufacturing Drives Growth Primarily
The
global high availability server market can be segmented on the basis
of service sector into banking, financial service and insurance
(BFSI), IT and telecommunication, retail, medical and healthcare,
government, and manufacturing. The BFSI sector, of them, is at the
forefront of driving sales as it needs to store massive volumes of
data and access them continuously without any glitch for its smooth
functioning and a high availability server is nothing but a secured
pool storage. The BFSI segment accounted for 19% share in the market
in 2016.
Going
forward, the BFSI segment will likely outpace most other segments in
terms of growth rate because of the little risk of system failure or
downtime in high availability servers.
Greater
Installed Base in Crucial Industries Makes North America Market
Leader
From
a geographical perspective, North America dominates the global market
for high availability server with a leading share on the back of
multinational players trying to tap into the promising U.S. and
Canada markets. The phenomenal growth in the market in the region has
also been brought about by greater installed base and deep
penetration of high availability servers in crucial end-use
industries of IT and telecommunication, BFSI, retail, e-commerce,
etc. In 2016, North America accounted for a substantial 42% of the
market share in the global high availability server market.
Going
forward, the market in Asia Pacific is predicted to rise at a solid
13.0% CAGR from 2017 to 2025 because of the continued innovations in
technology and expansion in data center equipment market,
particularly in China.
Make
an Enquiry @
In
Europe, high uptake of advanced cloud based technologies and presence
of multinational firms, particularly in the nations of the U.K. and
Germany, needing high availability solutions, has majorly boosted the
market for high availability server.
Some
of the key players in the high availability server market are
International Business Machines (IBM) Corporation, Dell Inc., Stratus
Technologies, Inc., Hewlett Packard Enterprise, Oracle Corporation,
Fujitsu, NEC Corporation, Cisco Systems Inc. and Unisys Global
Technologies, and CenterServ International Ltd.
About
Us
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
No comments:
Post a Comment