North America Micro Server IC Market Size Set to Grow at Robust CAGR of 13.5% to Cross USD 3.2 Billion by 2029

Published | 05 April 2023

North America micro server IC market is flourishing due to low power consumption and low space utilization of micro server ICs, and a growing demand for new data centers across the region.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated North America micro server IC market size at USD 1,345.14 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects North America micro server IC market size to grow at a CAGR of 13.45% reaching a value of USD 3,237.75 million by 2029. An increasing demand for data centers in both developed and emerging markets is one of the major factors driving the growth of the North America micro server IC market. Data centers require micro server ICs and software for micro server ICs. In recent years, the size of multimedia files and various application software has also increased significantly. Internet users have also increased in recent years. Because of increased internet traffic, more data centers must be built. With rising data center demand, the North American micro server IC market is expected to grow rapidly. However, limited storage capacity is a key restraint for the North America micro server IC market.

North America Micro Server IC Market – Overview

Micro servers are small pieces of hardware that are used in low-power microprocessor chips and other places where space is limited. The only components of the server motherboard that are not shared by a single microprocessor are DRAM, boot FLASH, and power circuits. A micro server IC contains thousands or millions of semiconductors, such as resistors, transistors, or capacitors. Micro server ICs are used for computation as a chip. Micro server ICs use nanometer-sized transistors.

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Impact of COVID-19 on North America Micro Server IC Market

COVID-19 pandemic outbreak significantly influenced micro server IC market in North America. Due to the economic slump and manpower constraints, manufacturing facilities for semiconductors and electronics have been shut down. The COVID-19 epidemic has caused a large and long-lasting decrease in production utilization, and labor exodus due to travel restrictions and facility closures has slowed the expansion of the micro server integrated circuit (IC) industry in 2020. On the other hand, the pandemic has accelerated current trends in automation, e-commerce, and remote labor, opening up a wealth of post-pandemic potential for micro server IC.

North America Micro Server IC Market - By End User

North American micro server IC market is segmented into enterprises and data centers based on end user. The micro server IC market's enterprise end-user segment is expected to account for a higher share in the market throughout forecasting. Big data, IoT, social media platforms, and smartphones have all greatly enhanced the amount and variety of data available. A mobile workforce is necessary for managing dense workloads, boosting data storage and security, updating legacy systems, and advancing technologies. Thus, it is essential to modernize IT infrastructure, particularly servers, to make them simple to operate and entirely secure, whether vital applications and data are stored locally or in the cloud.

Competitive Landscape

North America micro server IC market is fiercely competitive. Major companies in the market include Intel Corporation, Advanced Micro Devices Inc., Hewlett Packard Enterprise Development LP, Marvell, Fujitsu, Super Micro Computer Inc., NVDIA Corporation, Dell Inc., Alphabet Inc., American Security Products Co, and Acme Security System. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the North America micro server IC market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of North America Micro Server IC Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in North America Micro Server IC Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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