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Growing adoption of High-Availability Servers Across the Banking and Financial Services Sector

06-22-2016 01:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: http://www.transparencymarketresearch.com/high-availability-server-market.html

/ PR Agency: Transparency Market Research
Global High-Availability Server Market:

High-availability systems are capable of working over long durations without any breakdown or failure. Due to the generation of a large amount of critical data in present times, high-availability servers are in demand as they offer higher stability, flexibility, reliability, and speed along with almost zero probability of system failure. The various hardware and software components in high-availability servers are specifically designed and thoroughly tested to serve over extended periods of time. The global high-availability server market is expected to witness positive growth with the rising demand for these servers across various end-use industries, where system failures can lead to huge losses.

High-availability servers are extensively used across various sectors such as telecommunications, banking, financial services, and insurance (BFSI), retail, manufacturing, medical, health care, and public. The demand for high-availability servers from the BFSI sector is particularly high owing to the growing requirement to store a large amount of critical data. In terms of operating system, high-availability servers can be classified into Linux, UNIX, Windows, FreeBSD, and others including Debian, CentOS, and Fedora. Currently, the demand for Windows operating system-based high-availability servers is the highest.

On the basis of availability level, the global high-availability server market has been segmented into availability level 1, availability level 2, availability level 3, availability level 4, and availability level 5. These levels are based on the configuration of servers including storage capacity of HDD, number of virtual CPUs, and size of Random Access Memory (RAM). The configuration of high-availability servers varies according to their applications across different sectors.

Global High-Availability Server Market: Overview

The growing adoption of high-availability servers across the banking and financial services sector has propelled the growth of the global high-availability server market. In the banking sector, a large amount of confidential and critical data needs to be stored and accessed round the clock. As a result, high-availability servers are widely used to ensure the security of data. These high-availability servers ensure low or almost zero risk of system failure, thereby letting organizations run their business smoothly without any interruptions in accessing business applications and data resources. Extensive research activities dedicated toward the development of advanced and true fault tolerant infrastructure have further augmented the growth of the market. For data storage, the redundant array of independent disk (RAID) approach is used widely in high-availability servers. Furthermore, the storage area network (SAN) approach has been lately introduced for the effective functioning of high-availability servers.

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However, the installation costs of high availability servers are high and this is expected to negatively affect the growth of the global high-availability server market. Lack of awareness about high-availability servers has also restrained the market’s growth. The overall market has a huge scope to grow with rising demand from small and medium enterprises.

Global High-Availability Server Market: Region-wise Outlook

The global high-availability server market has been segmented into four key geographical segments: Europe, North America, Asia Pacific, and Rest of the World. So far, North America has been a dominant region in the global market. However, during the forecast period, Asia Pacific is expected to drive the growth of the market owing to the rising demand from various end-use sectors such as banking and financial services.

Some of the key players in the global high-availability server market are International Business Machines (IBM) Corporation, CenterServ, Dell Inc., NEC Corporation, HP Development Company, L.P., Oracle Corporation, and Unisys Global Technologies. The market players are focusing on emerging economies where the rapid growth of industries has led to a growing demand for high-availability servers.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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