Global Converged Infrastructure Market accounted for US$ 7.23 billion in 2020 and is estimated to be US$ 48.36 billion by 2030 and is anticipated to register a CAGR of 19.8%. The market for converged infrastructure is quickly expanding because it lowers the total operating cost of an IT infrastructure and provides organisations with a high level of flexibility. Converged infrastructure has reduced the burden of building and operating networks, storage, servers, and other data-driven business applications. Converged infrastructure also decreases corporate risk by providing high accessibility and consistency, less disruptive updates, and a reliable disaster recovery platform. Converged infrastructure solutions enable organisations to gain agility and automation through the use of tightly integrated hardware and software products.
The report "Global Converged Infrastructure Market, By Component (Server, Storage, Network, Software, and Services), By Architecture Type (Pre- Configured and Customized), By End Use Industry (BFSI, Telecommunication and IT, Manufacturing, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029’’
Key Highlights:
· HPE introduced upgraded HPE SimpliVity 325 Gen 10 HCI with the new 2nd Gen AMD EPYCTM processor in May 2020. This innovation aims to enable the remote workforce while also delivering a 50% cheaper cost per virtual desktop.
· Huawei announced a partnership with Nutanix in March 2019 to provide hardware for Nutanix's HCI solution. This collaboration results in the development of an HCI solution based on the FusionServer 2288H V5, Huawei's 2U dual-socket high-performance server certified by Nutanix.
Analyst View:
The increasing desire for improved IT operational efficiency, improved data protection, lower IT costs, and the ageing of traditional data centres are the main drivers of converged infrastructure market growth. Another driver boosting the converged infrastructure market is cloud-based converged infrastructure solutions, which offer several advantages to businesses. Converged Infrastructure aids IT enterprise innovation by simplifying the journey to the cloud, where businesses may test and use a vast and expanding assortment of innovative and specialised software and services.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Converged Infrastructure Market, By Component (Server, Storage, Network, Software, and Services), By Architecture Type (Pre- Configured and Customized), By End Use Industry (BFSI, Telecommunication and IT, Manufacturing, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029”
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Converged-Infrastructure-Market-By-640
Key Market Insights from the report:
Global Converged Infrastructure Market accounted for US$ 7.23 billion in 2020 and is estimated to be US$ 48.36 billion by 2030 and is anticipated to register a CAGR of 19.8%. The global converged infrastructure market report segments the market on the basis of component, architecture type, end use industry, and region.
· Based on Component, Global Converged Infrastructure Market is segmented into Server, Storage, Network, Software, and Services.
· Based on Architecture Type, Global Converged Infrastructure Market is segmented into Pre- Configured and Customized.
· Based on End-User, Global Converged Infrastructure Market is segmented into BFSI, Telecommunication and IT, Manufacturing, Healthcare, and Others.
· By Region, the Global Converged Infrastructure Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Converged Infrastructure Market:
Key players in the global converged infrastructure market includes, Nutanix, Inc., Hitachi Vantara (Hitachi Data Systems), Oracle Corporation, International Business Machines Corporation, Hewlett-Packard Enterprise Company, Cisco System, Inc., VMware Inc., Dell EMC., Scale Computing, and NetApp, Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
According to report "Hyper-Converged Infrastructure Market by Component (Hardware and Software), Application (ROBO, VDI, Data Center Consolidation, and Backup/Recovery/Disaster Recovery), End User, Organization Size, Enterprise, and Region - Global Forecast to 2025", the global HCI market size is expected to grow from USD 7.8 billion in 2020 to USD 27.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period.
This approach provides agile deployment of virtualized workloads, reduction of data center complexity, and improved operational efficiency.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149796579The software segment to grow at a higher CAGR during the forecast periodThe software component of HCI comprises a hypervisor, software-defined storage solution, and unified management console.
The hypervisor is a critical component used in the HCI solutions as it provides virtualization and abstraction of the underlying hardware.
The software-defined storage solutions ensure application performance, data availability, and flexible scalability.
To ensure business continuity, organizations are increasingly switching from traditional backups to virtualized backups of a single VM/application.
In case of a VM failure, a system administrator can restore the backup instantly.
Global Hyper Converged Infrastructure Market was valued US$ 3.90 Bn in 2017 and is expected to grow US$ 16 Bn by 2026, at CAGR of 19.3% during forecast period.Global Hyper-Converged Infrastructure Market by GeographyHyper-converged infrastructure is a software based information technology (IT) infrastructure in which several elements of storage and compute components are improved for working together on a single service appliance supported by one single vendor.
Hyper-converged infrastructure system limits the necessity of making individual purchase of different servers, virtualization software which is running on those servers and different management tools.
So, hyper-converged infrastructure system reduces overall operating cost of an infrastructural system.
Market of hyper-converged infrastructural system is at the emerging stage at present and is expected to grow at an exponential rate in the coming years due to the implementation of virtual desktop infrastructure (VDI) across various application sectors.Industry is expected to witness remarkable growth, due to increasing demand to enhance IT operational efficiency, improve data protection, reduce IT costs.
Demand for HCI is expected to increase in various verticals, like BFSI, healthcare, IT & telecom, and government sectors, among others, considering its benefits over the traditional converged infrastructure.Hyper-converged infrastructure is widely used in the mid and large size enterprises for virtual desktop infrastructure projects, largely because of their ability to eliminate the complexity during implementation and concerns regarding SAN-based storage solutions.
Different workloads run on these solutions and are changing with time.
