May 21, 2020 3:16 PM ET
iCrowd Newswire – May 21, 2020
The Global Hyper-Converged Infrastructure Market is estimated to grow at a CAGR of 30.7% during the forecast period 2019-2026. The market research study presents that the Hyper-Converged Infrastructure industry accounted $3.84 billion in the year 2018 and is estimated to reach $33.16 billion by the end of the year 2026.
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Hyper-converged infrastructure is a type of software-defined infrastructure that integrates virtualization, networking, compute and storage resources in a single platform. It leverages existing IT framework by collaborating its existing infrastructure to a single system to increase scalability and reduce its complexity.
The Hyper-Converged Infrastructure industry is driven by various growth factors such as disaster recovery among data centre organizations and increase in demand for data protection. Additionally, increase in demand to reduce Operational Expenditure (OPEX) and Capital Expenditure (CAPEX) by data-centre oriented industries are supporting the market growth over the forecast period. Furthermore, penetration of products and services related to virtualization have further boosted the market growth as it helps to reduce the complexity and cost related with a virtual desktop infrastructure rollout. However, difficulty in shifting to virtualization and cloud computing by hardware-based IT organizations due to vendor lock-in situation will impede the market growth in future period. Furthermore, rising investments in data centre infrastructural development offers an opportunistic growth for the global hyper-converged infrastructure industry.
Segmentation Overview of the Global Hyper-Converged Infrastructure Market
The market research report on the Global Hyper-Converged Infrastructure Market include the study across various market segments such as:
- Industry Vertical
These market segments are further categorized into various sub-segments to study the market in detail considering the various market-oriented factors for the forecast period.
The Component Segment of the Global Hyper-Converged Infrastructure Market is Sub-Segmented into:
The Application Segment of the Global Hyper-Converged Infrastructure Market is Sub-Segmented into:
- Remote Office or Branch Office
- Virtualization Desktop Infrastructure (VDI)
- Data Centre Consolidation
- Backup Recovery or Disaster Recovery
- Critical Applications Virtualization
The Industry Vertical Segment of the Global Hyper-Converged Infrastructure Market is Sub-Segmented into:
- IT and Telecom
- Energy and Utilities
Geographical Overview of the Global Hyper-Converged Infrastructure Market
The global Hyper-Converged Infrastructure market is segmented on the basis of various geographical regions, such as:
- North America (Canada, U.S. and Mexico)
- Europe (Germany, France, UK, Italy, Spain, The Netherlands and Rest of Europe)
- Asia Pacific (Japan, China, Australia and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East and Africa)
As per the regional study, the North America Hyper-Converged Infrastructure Market dominated the global marketplace in terms of market revenue share in the year 2018. The regional growth is attributed to increase in shift towards innovative technologies that offers cloud-like economies for pre-existing data centres.
Key Players Insights
VMware, Inc., Scale Computing, Pivot3, Nutanix, Inc., NetApp, Inc., Microsoft Corporation, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Company, Dell Inc. and Cisco Systems, Inc. are some major key players included in the research study of the Global Hyper-Converged Infrastructure Market. The market players are adopting various competitive strategies to withhold the large market share in the global hyper-converged infrastructure market.
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Keywords: Hyper-Converged Infrastructure Market, Hyper-Converged Infrastructure Market Size