The North America Data Center Chip Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 422.2 thousand units, showcasing a growth of 4.5% (2019-2022).
A data center is a facility of networked computers and storage that organizations from various industries use to organize, process, store, and disseminate vast data. A business typically relies significantly on the applications, services, and data in a data center, making it the center of attention and a crucial asset for day-to-day activities. One of the essential components in data centers is the data center chip, which is often located on server motherboards within the server racks.
Cloud computing and improvements in chip technology are the main drivers of the market’s growth. The localization of data centers is also governed by government rules, which promote market expansion. In the server area of a data center, the data center processor is a crucial component. As operations and productivity are improved, it helps to increase energy efficiencies, redundancy, and flexibility. Data centers are extensively utilized in various industries, including manufacturing, transportation, information technology (IT), telecommunication, banking, financial services, and insurance (BFSI).
North America has a large population of technical inventors. The region has a high demand for cloud computing and the Internet of Things. A sturdy data centre infrastructure is necessary for these technologies to manage the growing complexity. Consequently, it is anticipated that the need for data centre services in the region will increase. The complexity of infrastructure facilities is increasing quickly due to the incorporation of technologies like networks and connectivity devices. Due to all of these factors, there will likely be an increase in the number of data centres in North America. The market is anticipated to expand in the North America region due to this increase in data centres.
The US market dominated the North America Data Center Chip Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.4 billion by 2030. The Canada market is anticipated to grow at a CAGR of 15.2% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 14.2% during (2023 - 2030).
Based on Chip Type, the market is segmented into GPU, ASIC, FPGA, CPU, and Others. Based on Vertical, the market is segmented into BFSI, Manufacturing, Telecom & IT, Government, Retail, Transportation, Energy & Utilities, and Others. Based on Data Center Size, the market is segmented into Large, and Small & Medium Size. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Data Center Chip Market is Projected to reach USD 29.8 Billion by 2030, at a CAGR of 13.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Advanced Micro Devices, Inc., Arm Limited, Broadcom, Inc., GLOBALFOUNDRIES Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Intel Corporation, NVIDIA Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Taiwan Semiconductor Manufacturing Company Limited, and Qualcomm, Inc.
By Chip Type (Volume, Thousand Units, USD Million, 2019-2030)
By Vertical (Volume, Thousand Units, USD Million, 2019-2030)
By Data Center Size (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
