Server Market in India to Grow Due to Increasing IT Spending and SMB Market, Says TechSci Research
IT & ITeS, Retail, Telecommunication, BFSI and Government Sectors are Major Growth Drivers for India Server Market
May 6, 2014 (Newswire.com) - Server installation benefits enterprises in several ways such as increasing efficiency, providing data backup, reducing operating cost and optimizing energy consumption. Further, the servers make the functioning of an enterprise centralized, scalable and flexible. India's sever market is expected to register significant growth during the next five years. The country's server market is largely driven by IT & ITeS and BFSI sectors on account of growing demand for blade and rack servers from these sectors. The implementation of new concepts, such as ERP and CRM in small and medium enterprises, is also contributing to the growth of servers in India.
According to a recently published report by TechSci Research, "India Server Market Forecast & Opportunities, 2019", the country's server market revenues are projected to grow at a CAGR of around 7.4% during 2014-19. IBM, HP and Dell are the leading server vendors in India. However, in the coming years, players such as Lenovo and Fujitsu are also expected to contribute significantly to the growth of the market.
Growing popularity of cloud computing, virtualization and big data is boosting the server market in India, wherein, blade servers and micro servers are the major drivers. x86 form of servers are also significantly contributing to the growth of the Indian server market as they effectively address the increasing real time data transaction requirements of small and medium enterprises.
"Southern region in India accounts for the largest share, in revenue terms, of India's server market, primarily due to presence of various IT hubs such as Bangalore, Hyderabad and Chennai. This region is expected to continue its dominance over the next five years on account of rapid IT infrastructure development coupled with growing deployment of cloud services. Also, with the emergence and increasing adoption big data in data centers, the demand for servers market is expected to increase over the next five years", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Server Market Forecast & Opportunities, 2019" has analyzed the potential of the server market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with major drivers and key challenges being faced by the industry.