Global Composable Infrastructure market trends 2024, Forecast To 2033
29 Jan, 2024
The composable infrastructure market has witnessed exponential growth, escalating from $5.56 billion in 2023 to $8.23 billion in 2024, marked by a compound annual growth rate (CAGR) of 48.1%. This growth in the historic period is attributed to the expansion of data center modernization, increased infrastructure flexibility, a surge in virtualization and cloud adoption, cost optimization in IT, and the widespread adoption of software-defined infrastructure. Envisioning exponential growth in the next few years, the market is expected to reach $37.87 billion in 2028, with a CAGR of 46.5%. The growth in the forecast period is driven by the increasing deployment of edge computing, the growing expansion of 5G networks, hybrid and multi-cloud environments, the rising focus on cybersecurity and data protection, and the enablement of remote workforces. Major trends in the forecast period include the integration of AI and machine learning, the adoption of edge computing, the deployment of hybrid and multi-cloud environments, containerization and Kubernetes, and the development of energy-efficient solutions.
Global Composable Infrastructure Market Key Driver
The composable infrastructure market witnesses growth with the increased demand for agile IT infrastructure. Agile approaches are used in 71% of companies, with 60% experiencing profit growth after adopting agile methods. The rising demand for agile IT infrastructure propels the composable infrastructure market.
Get A Free Sample Of The Global Composable Infrastructure Market ReportGlobal Composable Infrastructure Market Segments
The global composable infrastructure market covered in this report is segmented –
1) By Component Outlook: Software, Hardware
2) By Cloud: Public, Private, Hybrid
3) By Vertical: BFSI, IT & Telecom, Government, Healthcare, Manufacturing, Other Verticals
By Geography: The regions covered in the Composable Infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the composable infrastructure market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the composable infrastructure market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Composable Infrastructure Industry Players
Lenovo Group Limited, One Stop Systems Inc., Dolphin Interconnect Solutions, Liqid Inc., Inspur Group Co. Ltd., Hewlett Packard Enterprise Company, NetApp Inc., Dell Inc., Nutanix Inc., Juniper Networks Inc., Western Digital Corporation, TidalScale Inc., Quanta Cloud Technology LLC, Cloudistics Inc., HGST Inc., DriveScale Inc., Quanta Cloud Technology, Cisco Systems Inc., Fungible Inc., Pure Storage Inc., Super Micro Computer Inc., Fujitsu Limited, NEC Corporation, Huawei Technologies Co. Ltd., Hitachi Ltd., International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Amazon Web Services Inc., Google LLC
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Composable Infrastructure Market Overview
The composable infrastructure refer to the framework for decoupling device resources so that they can be treated as services. The device resources that can be treated as services include physical computing, storage and network fabric resources. The composable infrastructure aims to be cost-effective by reducing waste and the amount of time taken to deploy a new application.
Composable Infrastructure Global Market Report 2023 provides data on the global composable infrastructure market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The composable infrastructure market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.