Converged Data Center Infrastructure Market Report Overview
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The global converged data center infrastructure market size is expected to be USD 11660 million in 2022, as per our research, the market is expected to reach USD 35033.53 million in 2031, exhibiting a CAGR of 13.0% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with converged data center infrastructure experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A pre-assembled collection of components called converged infrastructure includes servers, storage, communication, and management software. Rather than buying the software and hardware separately from several sources, businesses typically acquire these systems from a single company. Because converged infrastructure systems are frequently pre-configured and pre-tested, they are simpler and quicker to deploy when a data center is being built.
COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth
Lockdowns enforced as a consequence of COVID-19 have cost businesses a great deal of money. Construction, automotive, oil and gas, manufacturing, and transportation were all impacted by the outbreak. Most companies were restructuring their IT infrastructures and business processes. Additionally, businesses were focusing on expediting the introduction of new workloads, enhancing overall business productivity, and data security in their on-premise data centers. This encouraged automation and the uptake of leading technology for applications that are industry-specific, including integrated infrastructure systems. This accelerated the uptake of converging infrastructure systems for services, such as virtualizing desktop infrastructure and mission-critical applications. Several top convergent infrastructure firms regarded this crisis as a fresh chance to restructure, rethink, and incorporate innovative technology into their current plans. The increased focus on digitalization for enhancing remote would propel market expansion after COVID-19 due to the rising utilization of remote work policies and dependence on the desktops virtualization environment.
Latest Trends
"Rising Percentage of IT Enterprise to Intensify Market Magnification"
During the projected period, there will be numerous chances for the development of the converged data center infrastructure market share due to the rising percentage of IT enterprise advancements and the adoption of cutting-edge software and services. The market for converged infrastructure is anticipated to expand as a result of factors such as the growing acceptance of converged data center infrastructure as services solutions, virtualization technologies, and others.
Converged Data Center Infrastructure Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into reference architecture, pre-racked configuration
Reference architecture are the leading part of the type segment
- By Application Analysis
According to application, the market can be segmented into on-premise, collocated data center
On- premise are the leading part of the application segment
Driving Factors
"Demand for Simplification in Data Centers to Boost Market Share"
Converged data center infrastructure disturbs enterprise datacenters by breaking down data silos so that the storing, network, and compute stacks may be managed with ease and flexibility. As a result, the expansion of data centers will anticipate a high adoption of this technology. As a result, data center sectors are beginning to see continued growth for purpose-built data security strategies that are connected with converged infrastructure, which is anticipated to boost the converged data center infrastructure market growth expansion.
"Hardware Independence to Expand Market Forwarding"
For every organization, building an infrastructure for data centers is an expensive undertaking. Because it lowers infrastructure costs by working with or combining common hardware with an easy-to-understand operational architecture, converged infrastructure is becoming more and more popular. During the projected period, this important factor is anticipated to propel the market for converged data center infrastructure globally. Furthermore, given of the converged infrastructure's hardware independence, applications can also be hosted on commodity hardware in the form of virtual computers or containers.
Restraining Factors
"High Product Cost to Deplete Market Advancement"
The converged data center infrastructure market is being constrained by high product costs, a lack of consumer knowledge, and a lack of market flexibility during the anticipated timeframe.
Converged Data Center Infrastructure Market Regional Insights
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"Technological Advancements to Foster Market Growth North America"
The converged data center infrastructure market is dominated by North America. The world's predominance of sound structure and growing preference for convergence infrastructure are the causes of the market's ongoing growth. This need is still prevalent in numerous nations and sector. The region is expected to grow at the highest pace in the converged data center infrastructure industry and has been rapidly expanding over the anticipated period. The factors include investments in technological advancements in the IT industries. The worldwide covalent outbreak was one of several causes that drove consumption for this interface and, in turn, the market share of the area.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- Nutanix Inc (US)
- Dell EMC (US)
- Cisco Systems Inc (US)
- Hewlett Packard Enterprise Company (US)
- Hitachi Ltd (Japan)
- IBM Corporation (US)
- NetApp Inc (US)
- Oracle Corporation (US)
- Mellanox Technologies Ltd (Israel)
- WS Atkins PLC (UK)
Report Coverage
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 11660 Million in 2022 |
Market Size Value By |
US$ 35033.53 Million by 2031 |
Growth Rate |
CAGR of 13% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global converged data center infrastructure market expected to touch by 2031?
The global converged data center infrastructure market is expected to touch USD 35033.53 million in 2031.
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What CAGR is converged data center infrastructure market expected to exhibit during 2023-2031?
The converged data center infrastructure market is expected to exhibit a CAGR of 13.0% over 2023-2031.
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Which are the driving factors of the converged data center infrastructure market?
Demand for simplification in data centres and hardware independence to drive the converged data center infrastructure market.
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Which are the top companies operating in the converged data center infrastructure market?
Nutanix Inc, Dell EMC, Cisco Systems Inc, Hewlett Packard Enterprise Company, Hitachi Ltd are the top companies operating in the converged data center infrastructure market.