Fault Tolerant Servers Market To Grow At A Higher CAGR Owing To Rising Demand From Banking And Financial Establishments Till 2023 | Million Insights

Fault Tolerant Servers Market To Grow At A Higher CAGR Owing To Rising Demand From Banking And Financial Establishments Till 2023 | Million Insights

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According to new report available with Million Insights, The demand for the fault tolerant server framework is on the rise in BFSI (banking, finance and insurance) segment, majorly credited to the need for compensating server failures.

The global fault tolerant servers market is expected to display higher growth rate in the upcoming years due to the growing demand from the banking and financial establishments in order to stock piles of data and provide security while accessing it. The demand for the fault tolerant server framework is on the rise in BFSI (banking, finance and insurance) segment, majorly credited to the need for compensating server failures. 

In addition, the growing adopting of data center equipment on the global scale has led to market expansion over the past few years. The key features associated with fault tolerant servers include centralized back-up system and disaster recovery by fault tolerant servers. Fault tolerant servers are essential for the proper execution of the data centers, thereby driving their importance in cloud infrastructural services. 

Full Research Report On Global Fault Tolerant Servers Market Analysis available at: https://www.millioninsights.com/industry-reports/fault-tolerant-server-market

Primary use of fault tolerant servers is preventing downtime and continuous availability of server. Fault tolerant servers are key components during mission critical IT operations, particularly in the banking and financial operations. These factors are projected to drive the market demand for fault tolerant servers over the forecast period.

Fault tolerant servers, also termed as fail over clusters are set of compute engines that are required to assist server-related applications and are fully utilized with a least amount of down time. These fault tolerant servers are processed alongside fault tolerant software in order to utilize excessive computers in assembly or sets for providing continuous services at time of system failures. The use of fault tolerant servers allows application to run as specific server crashes, also, runs the application as long as the server is fixed and operational.

By product type, the fault tolerant server market is divided into three major segments including software, hardware and services. The services segment currently holds large share in comparison with other market segments. Furthermore, the market is categorized into retail sector, healthcare sector and BFSI (banking, finance and insurance) industry. The BFSI (banking, fiancé and insurance) industry is expected to witness augmented growth over the forecast period.

The fault tolerant server market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in the recent years owing to the implementation of latest cloud server technologies in banking & finance sector, surge in number of research & development activities and existence of well-established IT infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.

Asia-Pacific region is estimated to hold a major share in the fault-tolerant servers market with massive growth in the forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with larger base size of the market, growing product penetration in dominant end-user industries, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the fault tolerant servers market are International Business Machines (IBM) Corp., Stratus Technologies, Inc., Microsoft Technology Corp., NEC Corp., Hewlett Packard Enterprise Development LP, Oracle Corp., Unisys Corp., Fujitsu Ltd., and One-Net Communications Pte., Ltd.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Fault Tolerant Servers in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Fault Tolerant Servers market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• NEC
• HP
• International Business Machines Corporation
• Oracle
• Unisys Corporation
• Fujitsu Ltd
• Stratus Technologies

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Hardware
• Software
• Services

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Fault Tolerant Servers for each application, including
• BFSI
• Manufacturing
• Healthcare
• Transportation
• Others

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/telecommunications-and-networks

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