Server Microprocessor Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The server microprocessor market was valued at USD 15.19 billion in 2020 and is expected to reach USD 17.89 billion by 2026, at a CAGR of 2% over the forecast period 2021 - 2026. Increasing data center footprint and demand from cloud service providers prompts the growth of the server microprocessor market. Dominated by the duopoly of Intel and AMD, the market for server microprocessors is undergoing product innovations. Companies are realizing the performance needs for modern workloads such as data analytics, Machine Learning, Artificial Intelligence and are improving their designs accordingly.
Key HighlightsServer Microprocessor Market has been dominated by Intel since the past few years, with AMD as the close competitor and other low-volume players like IBM, Oracle among others. The market demands strong investments in R&D and technology partnerships to address the needs of the servers and data centers. AMD is likely to cut through a slight share of Intel in the server microprocessor market, considering the new product rollouts and competitive pricing strategy. Vendors in the market have been involving in the launch of new microprocessors for next-generation data centers. Following are the recent developments in the market:
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