Description:Global Hyper-Converged Infrastructure Market was valued at US$ 3.90 Bn in 2019 and is expected to grow US$ 16 Bn by 2026, at a CAGR of 19.3% during the forecast period.
Global Hyper-Converged Infrastructure Market by GeographyThe report includes the analysis of the impact of COVID-19 lockdown on... moreGlobal Hyper-Converged Infrastructure Market was valued at US$ 3.90 Bn in 2019 and is expected to grow US$ 16 Bn by 2026, at a CAGR of 19.3% during the forecast period.
Global Hyper-Converged Infrastructure Market by GeographyThe report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Hyper-Converged Infrastructure Market by Geography
Global Hyper-Converged Infrastructure Market Dynamics
Hyper-converged infrastructure is a software-based information technology (IT) infrastructure in which several elements of storage and compute components are improved for working together on a single service appliance supported by one single vendor.
Hyper-converged infrastructure system limits the necessity of making the individual purchase of different servers, virtualization software that is running on those servers, and different management tools. Also, the HCI system reduces the requirements for the installation of separate network-attached storage (NAS) or storage-area network (SAN). So, a hyper-converged infrastructure system reduces the overall operating cost of an infrastructural system.
The market of the hyper-converged infrastructural systems is at the emerging stage and is expected to grow at an exponential rate in the coming years due to the implementation of virtual desktop infrastructure (VDI) across various application sectors.
The industry is expected to witness remarkable growth, due to increasing demand to enhance IT operational efficiency, improve data protection, reduce IT costs. Demand for HCI is expected to increase in various verticals, like BFSI, healthcare, IT & telecom, and government sectors, among others, considering its benefits over the traditional converged infrastructure.
Hyper-converged infrastructure is widely used in mid and large size enterprises for virtual desktop infrastructure projects, largely because of their ability to eliminate the complexity during implementation and concerns regarding SAN-based storage solutions. It also reduces overall cost in comparison with the traditional converged architecture. Different workloads run on these solutions and are changing with time. This changing workload within the industry is estimated to expand even further during the forecast period as organizations are focusing on expanding the use of HCI systems.
Increasing awareness of data management at a reduced cost of ownership is one of the major factors driving the growth of the hyper-converged infrastructure market. Also, the rising focus toward server virtualization, VDI, and the popularity of consuming infrastructure-as-a-service solutions are other major factors driving the market growth.
Global Hyper-Converged Infrastructure Market Regional Insights
North America is holding the largest market share across the world followed by Europe and the Asia Pacific regions. The region has a well-recognized infrastructure which is allowing faster implementation of advanced technology. Growth in North America is majorly controlled by the U.S. due to the increasing demand for hyper-converged infrastructure applications. Also, the growing demand for hyper-converged solutions across several industry verticals is further fuelling the growth of the market.
Global Hyper Converged Infrastructure Market, Key Highlights:
Global Hyper Converged Infrastructure Market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Hyper Converged Infrastructure Market
Global Hyper Converged Infrastructure Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Global Hyper Converged Infrastructure Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Hyper Converged Infrastructure Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Hyper Converged Infrastructure Market are also profiled.
Scope of the Global Hyper-Converged Infrastructure Market:
