PUBLISHER: Grand View Research | PRODUCT CODE: 1553483
PUBLISHER: Grand View Research | PRODUCT CODE: 1553483
The global hyper-converged infrastructure market is estimated to reach USD 49.75 billion by 2030, expected to grow at a CAGR of 23.5% from 2024 to 2030, according to a report by Grand View Research, Inc. Hyper-converged infrastructure is a software-based architecture that integrates storage, compute, virtualization, and networking resources in a box. The HCI systems are supported by a single vendor. They eliminate the need for making individual purchases of servers and virtualization software running on those servers and management tools, and do not require the installation of Storage-area Network (SAN) or Network-attached Storage (NAS). This integration, in turn, reduces the overall cost of the hyper-converged infrastructure system. The HCI market is still in its introductory stage and the adoption of Virtual Desktop Infrastructure (VDI) is anticipated to boost the industry growth over the next seven years.
The industry is expected to witness tremendous growth, owing to the increasing demand to enhance IT operational efficiency, reduce IT costs, and improve data protection. The demand for HCI is expected to increase in various verticals, such as BFSI, IT & telecom, healthcare, and government sectors, among others, considering its advantages over the traditional converged infrastructure.
The HCI market in North America is anticipated to show promising growth opportunities in the coming years due to the presence of a wide number of players across the U.S., such as Nutanix, Inc. (U.S.), Pivot3 (U.S.), Scale Computing, Inc. (U.S.), SimpliVity Corporation (U.S.), and VMware, Inc. (U.S.), among others. These market players offer HCI solutions majorly across the financial sector, government organizations, and IT & telecom, which forms the major segment of the overall hyper-converged infrastructure market. Moreover, in the recent months, about 40% large and 35% mid-tier organizations intend to shift from the traditional architecture to the hyper-converged infrastructure to attain simplicity of operations and cost savings.
Hyper-converged infrastructure is extensively used in the mid and large size enterprises for virtual desktop infrastructure projects, largely due to their ability to eradicate the complexity during implementation and issues regarding SAN-based storage solutions. It also reduces the overall cost in comparison with the traditional converged architecture. Different workloads run on these solutions and are varying with time. This varying workload within the industry is anticipated to diversify even further over the forecast period as organizations are focusing on expanding the use of HCI systems.
Small organizations prefer improving operational efficiency for the Remote Office/Branch Office (ROBO) IT service and also increasing the use of server virtualization. On the other hand, large enterprises are improving operational efficiency equally with improving backup and disaster recoveries. They also deploy private cloud infrastructure and cloud infrastructure service.HCI systems play a major role in achieving the required scenarios as they are powerful, rich in feature, and simple to operate with a low setup time in comparison to the traditional architectures. These benefits of hyper-converged infrastructure systems are anticipated to drive the demand across large, small, and medium enterprises over the forecast period. Also, the software-centric approach of the HCI systems enables them to meet the current and future business requirements without making any alteration to the existing infrastructure. This paves a way for increased level of adoption across a wide range of industries such as education, banking and finance, healthcare, and others. The cloud computing application segment in hyper-converged infrastructure is also gaining traction and is expected to have a positive impact on the market revenue.