Global Hyperconverged Infrastructure Market: Analysis by:

New York, Aug. 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Hyper-Converged Infrastructure Market: Analysis By Component, By Application, By End-User, By Region Size and Trends with Impact of COVID-19 and forecast to 2027” – https://www.reportlinker.com/p06313468/?utm_source=GNW
HCI consists of virtualized computing (hypervisor), software-defined storage, and virtualized networks.

Due to the need for greater simplicity, agility and hybrid deployments, companies are abandoning traditional storage, server and networking solutions in favor of hyper-converged infrastructure (HCI), which is transforming the modern data center and technology updates. The market is expected to grow at a CAGR of 27.50% during the forecast period of 2022-2027.

Market Segmentation Analysis:

By Component: The report offers the split of the market into two segments based on the component: hardware and software. By 2021, Hardware had a significant 69% share of the market as organizations increasingly move to hyper-converged infrastructure to simplify complexity for both hardware and virtualized environments. On the other hand, the software segment is expected to grow at the highest CAGR in the coming years.

By Application: The market is segmented by application (Data Center Consolidation, Backup Recovery or Disaster Recovery, Critical Applications Virtualization, Virtualization Desktop Infrastructure, Remote Office or Branch Office, and others). The data center consolidation segment had the largest in the market at 25.4%, while backup recovery or disaster recovery is expected to grow at a significant pace due to the rising number of data breaches.

By End User: The report further provided the segmentation by end user: BFSI, IT and Telecoms, Manufacturing, Healthcare, Government, Energy and Utilities, Education and others. The BFSI had the fourth share of the market. Hyper-converged systems tick all the critical boxes in the banking, financial services, and insurance (BFSI) industries, such as reducing time spent managing infrastructure, as well as ensuring infrastructure scalability, availability of critical workloads, and disaster recovery ( DR). In addition, these systems solve the problem of single-vendor network infrastructure. Adoption of HCI in BFSI is expected to increase in the coming years.

By Regions: The report provides insights into the Hyperconverged Infrastructure market based on the regions of North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. North America had the largest share of the market at 38%, as the growing number of connected devices and video services are expected to extend the reach of the hyper-converged industry in North America. Asia-Pacific is expected to grow at the highest CAGR of 30.1% in the coming years. The increase in ICT infrastructure investment by government agencies and private companies has increased the need to modernize data center structures. Moreover, this is mainly due to the increase in service needs among the ever-expanding population base in several countries in Asia-Pacific. In Europe, Germany occupied the largest share of approximately 23% of the market.

Market dynamics:

Drivers of growth: One of the major factors impacting the hyper-converged infrastructure market is the need for improved data protection and disaster recovery solutions. To reduce complexity in both hardware and virtualized environments, organizations are turning to HCI. In addition, the market has grown in recent years, due to factors such as shifting workload to the cloud, growing HCI adoption rate by emerging countries, optimistic organizational behavior for HCI deployment, data center consolidation, and increasing demand from healthcare and SMBs, etc.

Challenges: However, the market faced some specific challenges, limitations due to dual socket servers, challenges of HCI implementation, etc.

Trends: The market is expected to grow at a rapid pace during the forecast period, reflecting several latest trends such as the shift to subscription-based contracts, benefits of HCI adoption, the transition to a multi-cloud environment, and the transition to edge computing, HCI automation, etc. The majority of the market leaders in multi-cloud deployments and hybrid cloud services are opting for hyper-converged infrastructure. For example, the Dell Technologies Cloud platform, which is based on VxRail, the industry’s leading hyper-converged technology, is Dell Technologies’ most aggressive cloud investment in years.

Impact analysis of COVID-19 and the way forward:

During the pandemic, the use of hyper-converged infrastructure increased as IT business activities were often conducted through a ‘work from home’ framework. As a result, hyper-converged infrastructure was in high demand in the IT industry around the world. In addition, due to the pandemic, the new hyper-converged infrastructure installation has been postponed. Rather, the advent of hyper-converged infrastructure as a viable alternative to public cloud computing would have a beneficial effect on the market and contribute significantly to its growth in the coming years.

Competitive landscape:

The global hyperconverged infrastructure market is significantly dominated. Major Players in the Global Hyperconverged Infrastructure Market are:

IBM Corporation
Fujitsu Ltd.
Microsoft Corporation
Nutanixv VMware, Inc.
Dell Technologies Inc.
Cisco Systems, Inc.
Hewlett Packard Enterprise Company
Huawei Investment & Holding Co. Ltd.
NetApp, Inc.
Quantum Corporation (Pivot3 Inc.)
Scale computing
DataCore software
StorMagic

In 2021, VMware Inc. the acquisition of Octarine Inc., to extend the company’s security capabilities for containers and kubernetes. The application runs on Kubernets and would integrate security capabilities into the fabric of today’s IT and DevOps environments.
Read the full report: https://www.reportlinker.com/p06313468/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data, so you get all the market research you need instantly and in one place.

__________________________

Leave a Reply