Hyper Converged Infrastructure Market Overview 2024-2033 – Competitive Landscape and Strategies
The Hyper Converged Infrastructure Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hyper Converged Infrastructure
Global Market Report 2024, The hyper converged infrastructure market size has
grown exponentially in recent years. It will grow from $14.16 billion in 2023
to $18.07 billion in 2024 at a compound annual growth rate (CAGR) of
27.7%. The growth in the historic period can be
attributed to data center modernization, cost efficiency, simplified
management, scalability requirements, streamlined deployment, increased
workload demands, performance improvements, hyper-convergence awareness.
The hyper converged infrastructure market size is expected to see exponential
growth in the next few years. It will grow to $49.43 billion in 2028 at a
compound annual growth rate (CAGR) of 28.6%.
The growth in the forecast period can be attributed to enhanced security
features, data analytics requirements, green it initiatives, automation and
orchestration trends, adoption in various industries, vendor ecosystem
development.. Major trends in the forecast period include enhanced disaster
recovery and business continuity, composable infrastructure concepts,
integrated networking solutions, containerization and kubernetes support, focus
on hci security, software-defined storage innovations, partnerships and
ecosystem expansion.
The development of IT infrastructure is expected to propel the growth of the
hyper-converged infrastructure market going forward. Information technology
infrastructure (IT Infrastructure) refers to the totality of elements required
for managing and operating enterprise IT infrastructures and services. IT
infrastructure in the hyper-converged infrastructure is used as IT operations
for scattered businesses and organizations of any size can be made more
efficient. IT department would experience real challenges whether a single
complicated campus location, numerous sites using different platforms, or both.
For instance, according to International Data Corporation, a US-based provider
of intelligence, advisory services, and events for information technology, in
2022, the amount spent on IT infrastructure is $55.7 billion, and demand for
servers, Ethernet switches, and business storage solutions would increase at a
10.9% annual pace. Therefore, the development of IT infrastructure is driving
demand for the hyper-converged infrastructure market.
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The hyper converged infrastructure market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Hypervisor:
Vmware, Kernel-based Virtual Machines (KVM), Hyper-V
3) By
Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
4) By
Application: Remote Office or Branch Office, Virtualization Desktop
Infrastructure (VDI), Data Center Consolidation, Backup or Recovery or Disaster
Recovery, Virtualizing Critical Applications, Other Applications.
5) By End User:
Banking, Financial Services, and Insurance (BFSI), IT and Telecom,
Manufacturing, Government, Healthcare, Other End Users
Technological advancement is the key trend gaining popularity in the
hyper-converged infrastructure market. Major companies operating in the
hyper-converged infrastructure market are focused on developing technologically
advanced products to strengthen their market position. For instance, in April
2021, Mavenir, a US-based software company, launched a AI-on-5G Hyper Converged
Edge solution. It uses AI and 5G technology together for applications in
various promising verticals such as manufacturing, mining, and healthcare that
cover Industry 4.0 applications. The Edge AI solution offers industry vertical
use-cases and helps enterprises benefit from the confluence of 5G and AI. 5G
enables an architecture for the smart connected factories and farms, cities,
and logistics operations in which wireless sensors, machinery, robots, and
people can collaborate flexibly on the same system. Enterprises can also deploy
private networks using this completely automated, dynamically scalable
technology as a managed service. The computing power of AI and the security and
low latency of 5G are poised to revolutionize entire industries and boost
global productivity.
The hyper converged infrastructure market report table of contents includes:
1. Executive
Summary
2. Market
Characteristics
3. Market Trends
And Strategies
4. Impact Of
COVID-19
5. Market Size
And Growth
6. Segmentation
7. Regional And
Country Analysis
…….
27. Competitive
Landscape And Company Profiles
28. Key Mergers
And Acquisitions
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