A rise in the demand for IoT smart devices is expected to boost the growth of the global high availability server market. According to Fortune Business Insights™, in a report, titled, “High Availability Server Market Size, Share and Global Trend by Product Type (Consoles & Accessories), By End User (Commercial & Residential) and Geography Forecast till 2025,” the global market was valued at US$ 5,326.1 Mn in the year 2018.
The report predicts that the market is likely to reach US$ 12,919.1 Mn by the end of 2025, exhibiting an impressive CAGR of 13.5%. Cost-effective server infrastructure and increasing demands for micro and modular data centers are anticipated to propel the global high availability server market growth. Moreover, cloud-based solutions are being implemented in the IT service and solution industry. This in turn, is influencing a positive impact on the market.
BFSI Segment Likely to Hold a Considerable Market Share Stoked by High Demand from the Baking Industry
The report classifies the global high availability server market on the bases of three segments, namely, end-use industry, availability level, and geography. In terms of end-use industry, the market is grouped into government, BFSI, manufacturing, IT & technology, retail, healthcare, and others. Out of these, the BFSI segment held the largest share in the global market in 2018, in terms of revenue. It is one of the most productive segments in the industry. The growth is attributed to the increasing demand for availability server services and solutions in the banking sector. This makes banking operations smooth and hassle-free. Furthermore, sectors, such as insurance, financial, insurance, and others are likely to witness higher adoption of high availability server during the forecast period.
Some of the key market players operating in the high availability server market are:
• Dell Inc.
• CenterServ International,
• Oracle Corporation,
• Huawei Technologies,
• Unisys Global Technologies,
• NEC Corporation,
• IBM Corporation,
• Stratus Technologies,
• HP Development Company L.P., and other key market players.
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]