Global Hyper Converged Infrastructure market trends 2024, Forecast To 2033
4 Mar, 2024
The hyper-converged infrastructure market has witnessed exponential growth, surging from$14.16 billion in 2023 to$18.07 billion in 2024, reflecting a compound annual growth rate (CAGR) of 27.7%. This growth is attributed to factors such as data center modernization, cost efficiency, streamlined management, scalability, and increased workload demands. Forecasts indicate continued exponential growth, with the market expected to reach$49.43 billion by 2028, boasting a compound annual growth rate (CAGR) of 28.6%. Factors driving this growth include enhanced security features, data analytics requirements, green IT initiatives, automation trends, adoption across various industries, and ecosystem development. Major trends in the forecast period encompass enhanced disaster recovery and business continuity, composable infrastructure, integrated networking solutions, containerization, security enhancements, software-defined storage innovations, and ecosystem expansion.
Global Hyper Converged Infrastructure Market Key Driver
The hyper-converged infrastructure market is expected to witness significant expansion owing to the development of IT infrastructure. IT infrastructure encompasses the essential components required for managing and operating enterprise IT services efficiently. The hyper-converged infrastructure streamlines IT operations across businesses, enhancing efficiency and scalability. Notably, International Data Corporation forecasts a substantial spending of $55.7 billion on IT infrastructure in 2022, indicating a robust demand for servers, Ethernet switches, and storage solutions. Hence, the development of IT infrastructure fuels the hyper-converged infrastructure market.
Get A Free Sample Of The Global Hyper Converged Infrastructure Market ReportGlobal Hyper Converged Infrastructure Market Segments
The global hyper converged infrastructure market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Hypervisor: Vmware, Kernel-based Virtual Machines (KVM), Hyper-V
3) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
4) By Application: Remote Office or Branch Office, Virtualization Desktop Infrastructure (VDI), Data Center Consolidation, Backup or Recovery or Disaster Recovery, Virtualizing Critical Applications, Other Applications.
5) By End User: Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Manufacturing, Government, Healthcare, Other End Users
By Geography: The regions covered in the hyper converged infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Hyper Converged Infrastructure Industry Players
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.
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Hyper Converged Infrastructure Market Overview
Hyper-converged infrastructure combines all the elements of a traditional data center such as storage, computing, networking, and management. The HCI provides three main benefits such as increased IT efficiency, better storage at lower cost, and greater ability to scale. These are used in a software unified system.
Hyper Converged Infrastructure Global Market Report 2023 provides data on the global hyper converged infrastructure market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hyper converged infrastructure market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.