PUBLISHER: SkyQuest | PRODUCT CODE: 1205822
PUBLISHER: SkyQuest | PRODUCT CODE: 1205822
Global Hyper Converged Infrastructure Market was valued at USD 6.79 billion in 2021, and it is expected to reach a value of USD 32.19 billion by 2028, at a CAGR of 24.9% over the forecast period (2022-2028).
In a commodity hardware package maintained by a single manufacturer, hyper-converged infrastructure unifies storage, computation, virtualization, and networking resources. It is a software-centric design. The market is anticipated to rise in response to demand from organizations looking to virtualize their IT infrastructure in order to increase operational efficiency, lower costs, and better data protection.
Top-down and bottom-up approaches were used to estimate and validate the size of the global hyper converged infrastructure market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Hyper Converged Infrastructure Market is segmented based on the Component, Application, Organization Site, End-User, Enterprise, and region. Based on Component, the market is segmented Solutions and Services. Based Application, the market is segmented into Remote Office/Branch Office, Virtual Desktop Infrastructure, Data Center Consolidation, Data Protection and Disaster Recovery, and Others (Server Virtualizations, Cloud Management). Based on Organization Site, the market is categorized into Large enterprises, Small and Medium-Sized Enterprises. Based on End-User, the market is segmented into Cloud providers, Colocation Providers, and Enterprises. Based on Enterprise, the market is segmented into Banking, Financial Services and Insurance (BFSI), IT and Telecom, Manufacturing, Government, Healthcare, and Others (Education). By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Smaller businesses favour enhancing operational effectiveness, deploying significant infrastructure, enhancing Remote Branch Office (ROBO) IT efficiency/service, and expanding server virtualization usage. The mid-market firms are concentrating on server virtualization, substantial infrastructure rollout, operational efficiency improvement, and VDI. With the exception of a significant infrastructure development that replaces the use of cloud technology, mid-sized businesses don't significantly deviate from the overall responses. Large businesses use VDI, establish a private cloud infrastructure, and use cloud infrastructure services to improve operational efficiency as well as backup and disaster recoveries. Over the forecast period, it is predicted that demand in big, small, and medium-sized companies will be driven by these advantages provided by the hyper-converged infrastructure. The market for cloud computing is expanding and is anticipated to increase significantly.
Hyper-converged architectures incorporate networking, storage, and computing systems. It requires more power than typical data centers because it is prone to have huge workloads in a small area. This calls for the shift of some workloads to cloud storage, which necessitates additional hardware and power. The demand for high power limits market growth. Additionally, Hyper-Converged systems must offer enough cooling and power to meet the demands of the workload. There can be additional costs. HCI solutions also have compatibility issues. Customers find it difficult to adopt these HCI solutions because different manufacturers have unique software and hardware sets.
Growth is being hampered by this compatibility issue, as well as the additional cost and high power requirements for the equipment.
Significant factors influencing market trends for hyper-converged infrastructure include rising demands for data security and disaster recovery as well as decreases in capital expenditure (CAPEX) and operational expenditure (OPEX). As major infrastructure providers deploy hybrid and multi-cloud installations as backup strategies, data disaster recovery solutions, or as a replacement for on-premises infrastructure, these factors help drive market expansion.