Server Microprocessor Market is projected to reach at $16 billion by 2023 | CAGR 2.1%

According to a new report published by Allied Market Research, titled, Server Microprocessor Market by Design and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global server microprocessor market was valued at $14 billion in 2016, and is projected to reach at $16 billion by 2023, growing at a CAGR of 2.1% from 2017 to 2023. The x86 segment contributed nearly 79% share to the global market in 2016.

Access Full Summary at: http://bit.ly/2xFYWsU

Rise in number of data centres, increase in IT spending by the developing nations, and rise in demand of cloud-based services are some of the factors that drive the market growth. However, high cost restrains the market growth. Moreover, rise in trend of Internet of Things is anticipated to provide new opportunities in the market.

x86 dominated the market in 2016, and is expected to maintain its dominant position throughout the analysis period, owing to its wide scale adoption in servers, better performance, and enhanced efficiency. The large enterprises segment dominated the market with around 59% share in 2016, owing to large server size used in these enterprises, requirement of high speed server microprocessor, and high cost of these chips, which contribute in its high revenue share.

Request sample Report: http://bit.ly/2R1xFJg

North America is the major revenue contributor, owing to high market contribution of the U.S. consisting large number of data centers and servers in the large scale enterprises. However, Asia-Pacific is expected to witness the highest growth rate dominating the market during the forecast period, owing to increase in demand of cloud-based services, rise in trend of internet of things (IoT), and growth in IT spending by the governments of countries in the region.

Key Findings of the Server Microprocessor Market:
In terms of revenue, the large enterprise segment contributed to the maximum market share in 2016, and is expected to maintain its dominance throughout the forecast period.
The ARM segment is expected to grow at the highest CAGR, during the forecast period.
In 2016, the x86 segment accounted for the highest share of 79% in the market.
In 2016, North America accounted for over 32% share; however, Asia-Pacific is expected to gain dominance during the forecast period.
The major companies profiled in the report include Advanced Micro Devices (AMD), Inc., Baikal Electronics, OJSC, Hisilicon Technologies Co., Ltd., IBM Corporation, Intel Corporation, Mediatek Inc., NVIDIA Corporation, Qualcomm Technologies, Inc., Texas Instruments Incorporated, and Toshiba Corporation.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.