PUBLISHER: The Business Research Company | PRODUCT CODE: 1425557
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425557
Hyper Converged Infrastructure Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hyper converged infrastructure market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hyper converged infrastructure? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hyper converged infrastructure market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Hyper-converged infrastructure (HCI) amalgamates the traditional data center elements, storage, computing, networking, and management into a cohesive system. This unified setup yields three primary advantages including heightened IT efficiency, improved storage capabilities at reduced costs, and enhanced scalability. These systems operate within a unified software framework.
Within the realm of hyper-converged infrastructure, the key components encompass hardware and software. Hardware constitutes physical components like recording devices, CPUs, transmitters, and receivers, whether analog or digital in nature. The hypervisors integral to HCI include VMware, Kernel-based Virtual Machines (KVM), and Hyper-V. These hypervisors find utility across large enterprises and small to medium-sized enterprises (SMEs). Applications of HCI span various domains such as remote or branch offices, virtualization desktop infrastructure (VDI), data center consolidation, backup, recovery, disaster recovery, and virtualizing critical applications. End-users across sectors like banking, financial services, insurance (BFSI), IT, telecommunications, manufacturing, government, healthcare, among others, benefit from these applications.
The hyper-converged infrastructure market research report is one of a series of new reports from The Business Research Company that provides hyper-converged infrastructure market statistics, including hyper-converged infrastructure industry global market size, regional shares, competitors with hyper-converged infrastructure market share, detailed hyper-converged infrastructure market segments, market trends, and opportunities, and any further data you may need to thrive in the hyper-converged infrastructure industry. This hyper-converged infrastructure market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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%. In the historical period, growth in the field can be attributed to several factors. These include the modernization of data centers to keep up with evolving technologies, a focus on cost efficiency in operations, the simplification of management processes, the need for scalable solutions to accommodate expanding requirements, the streamlined deployment of systems and applications, the surge in workload demands, improvements in overall system performance, and a heightened awareness and adoption of hyper-converged infrastructure solutions.
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%. Anticipated growth in the forecast period is influenced by several factors, including the incorporation of enhanced security features, the increasing need for data analytics capabilities, the surge in green IT initiatives promoting sustainability, the ongoing trends of automation and orchestration, widespread adoption across diverse industries, and the development of a robust vendor ecosystem.
The evolution of IT infrastructure stands as a significant driver propelling the future growth of the hyper-converged infrastructure market. IT infrastructure encompasses the elements essential for managing and operating enterprise IT services, improving the efficiency of IT operations for businesses across varied scales and setups. Challenges faced by IT departments span complex single-site setups or multiple sites utilizing diverse platforms. For instance, in 2022, International Data Corporation reported a $55.7 billion expenditure on IT infrastructure, forecasting a 10.9% annual growth in demand for servers, Ethernet switches, and business storage solutions. This surge in IT infrastructure development is spurring demand in the hyper-converged infrastructure market.
The surge in cloud adoption is poised to fuel the expansion of the hyper-converged infrastructure market. The term 'cloud' refers to a network of remote servers facilitating data storage, management, and processing over the internet. Hyper-converged infrastructure (HCI) plays a pivotal role in supporting this shift toward cloud adoption. By integrating computing, storage, networking, and virtualization resources, HCI simplifies data center management and scalability. It enables organizations to establish private clouds or seamlessly connect to public cloud services, accelerating workload migration and enhancing resource allocation. For instance, in January 2023, Google reported a rise in the use of multiple public clouds from 21% to 26% in 2022, alongside a surge in hybrid cloud usage from 25% to 42.5%. This escalation in cloud adoption is driving the hyper-converged infrastructure market.
Technological advancements stand as a prominent trend shaping the hyper-converged infrastructure market landscape. Leading companies within this domain focus on developing cutting-edge products to fortify their market positions. For instance, in April 2021, Mavenir unveiled an AI-on-5G Hyper Converged Edge solution, integrating AI and 5G technology for applications across industries like manufacturing, mining, and healthcare. This Edge AI solution facilitates various Industry 4.0 applications, enabling smart connected factories, cities, and logistics operations. The alliance of AI's computing power and 5G's security and low latency promises to revolutionize industries and bolster global productivity.
Major players are concentrating on collaborations and partnerships to bolster their standing in the market. Strategic partnerships entail structured affiliations between commercial enterprises, usually formalized through business agreements or contracts. For instance, in May 2022, Scale Computing teamed up with Servix, aiming to deliver straightforward, reliable, and cost-effective infrastructure solutions to Brazil's IT market. This collaboration merges servers, storage, and virtualization into a unified solution, simplifying IT infrastructures for organizations of varying sizes.
In September 2021, Quantum Corporation, a US-based company specializing in data storage, management, and protection, completed the acquisition of EnCloudEn. The financial details of the acquisition were undisclosed. This strategic move by Quantum aimed to expand the market scope for the company's video surveillance portfolio, offering users comprehensive end-to-end solutions for managing the video data lifecycle. Quantum's strategic vision aligns closely with EnCloudEn's automation approach, integrating Quantum's strategy with EnCloudEn's HCI software offerings. EnCloudEn, the India-based provider, specializes in hyperconverged infrastructure (HCI) software solutions.
Major companies operating in the hyper converged infrastructure market report are Dell Technologies Inc., Nutanix Inc., Pivot3 Inc., Hewlett Packard Enterprise Co., Cisco Systems Inc., VMware Inc., Microsoft Corporation, NetApp Inc., Scale Computing Inc., StorMagic Ltd., Huawei Technologies Co. Ltd., HiveIO Inc., Super Micro Computer Inc., Hitachi Vantara Corporation, Diamanti Inc., Lenovo Group Limited, NEC Corporation, Riverbed Technology LLC, StarWind Software Inc., Fujitsu Ltd., DataCore Software UK Ltd., IBM Technology Corp., Sangfor Technologies Inc., Maxta Inc., Startoscale Ltd., Simplivity Ltd., Atlantis Computing Inc., Stratoscale Ltd., DataDirect Networks Inc., Red Hat Inc., Gridstore Ltd., Cloudistics Inc., Nyriad Ltd., Sunlight Inc.
North America was the largest region in the hyper converged infrastructure market in 2023. The regions covered in the hyper converged infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hyper converged infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hyper-converged infrastructure market consists of revenues earned by entities by providing services such as database software, collaboration applications, remote management and testing environments, and other services. The market value includes the value of related goods sold by the service provider or included within the service offering. The hyper-converged infrastructure market also includes sales of integrated HCI and disaggregated HCI hardware. Values in the hyper-converged infrastructure market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.