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July 08, 2019 | Information & Technology
The global High Availability Server Market is anticipated to grow owing to the rising demand for smart and intelligent internet of things (IoT) devices. Fortune Business Insights in a new study, titled “GLOBAL HIGH AVAILABILITY SERVER MARKET: GLOBAL INDUSTRY ANALYSIS, INSIGHTS AND FORECAST, 2018-2025” offers valuable insights into the trends prevailing in the market. High availability servers have the ability to work continuously without any failure or interruptions. High availability server system ensures operations are reliable, stable, and flexible. As per the report, analysts found that the global market is expected to rise at a noteworthy CAGR of 13.5% between 2018 and 2026. In the base year i.e. 2018, the global market was worth US$ 5,326.1 Mn and is anticipated to be worth US$ 12,919.1 Mn in the forecast year i.e. 2026.
Rising Investments in Data Center Projects by MNCs Induces Growth in the Market
Fortune Business Insights profiles some of the leading players in the global high availability server market. These include Unisys Global Technologies, HP Development Company L.P., FUJITSU, International Business Machines Corporation, CenterServ International, Stratus Technologies, Dell Inc., Huawei Technologies, NEC Corporation, and Oracle Corporation. Several companies are planning to invest their time and money in data center construction projects. These investments are likely to help companies strengthen their position in the market. Some companies are planning to develop energy-efficient high availability processors in order to meet their customer requirements regarding energy-efficient servers. Furthermore, companies are likely to configure high availability servers into their IT system infrastructure, which will help them to enhance their skill sets in the forthcoming years.
BFSI Sector Witnesses Incessantly Rising Demand for High Availability Servers
The low prices of high availability server infrastructure are fueling demand for high availability servers across various sectors. However, Banking and financial sector (BFSI) witnesses the highest demand than manufacturing, retail, government among others. In 2018, the sector covered the majority of share in the global market. Ensuring a safe and secure banking operation is the foremost job of banking firms. Therefore, banking firms adopt high availability solutions to effectively run these operations without fail. This sector is anticipated to grow at a remarkable CAGR in the forecast years. The rising implementation of cloud-based solutions in the IT sector is another factor driving the market. In addition to this, the demand for modular and microdata (MDC) center is increasing rapidly, which widens the scope of the market.
Rising need for security management and technological advancements in high availability servers are further enabling growth in the market.
Rising Demand for Smart Devices in the U.S. Creates Growth Opportunities for the Market in North America
In 2018, the market in North America was worth US$ 1,758.4 Mn. Furthermore, the region is anticipated to lead the global high availability server market in the forecast years. The presence of leading firms in this region contributes to the growth of the market. Furthermore, the region witnesses an increase in the number of mergers and acquisitions (M&A) between IT companies and MNCs. These M&As are likely to develop and deploy high availability server solutions over the years to come. Moreover, these solutions are based on artificial intelligence (AI), machine learning, and cloud-computing services. The market in North America is anticipated to grow at a higher CAGR owing to the rising adoption of smart devices especially in countries such as Canada and the U.S.
By Availability Level
· Availability Level 1
· Availability Level 2
· Availability Level 3
· Availability Level 4
· Availability Level 5
By End-Use Industry
· IT & Telecommunication
· North America (the USA and Canada)
· Europe (U.K., Germany, France, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)