Converged Infrastructure Market REPORT OVERVIEW
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The global converged infrastructure market size was USD 29380 million in 2021 and market is projected to touch USD 109182.6 million by 2031, exhibiting a compound annual growth rate (CAGR) of 13.7% during the forecast period.
Converged infrastructures combine storage, networking, and cloud management into a single server-based instance. The software is deployed as an alternative to expensive, sophisticated storage systems, and the technology is sold as an appliance by a single hardware provider. All converged systems use scale-out designs to encompass virtual computation, storage, and networking. The software features unified management, data services, and wide-ranging network hardware options, and the market is divided into two segments, i.e., type and application.
The type segment includes servers, storage, networks, and other services. The application segment includes government, education, health, and telecommunication sector applications. Management tools and networking enable some functions, while a storage platform with third-party software suppliers to complete the software allows for the remaining operations. The converged systems landscape is evolving as businesses abandon siloed storage and networking solutions, thus reshaping the modern data center and technology refreshes for greater simplicity and hybrid deployments.
COVID-19 Impact: Global Shutdown of Supply Chains Restrained Market Growth
The worldwide shutdown of infrastructures due to lockdowns in developed countries severely restrained the industry's market growth. The evolving technology and the rising inflation were the significant factors that impeded the market share rise, leading to losses for investors and leading industrial players. The market growth was also hampered due to the expensive installation and procedural costs, thus impeding the market share of the services. However, the market will witness an unprecedented boom in demand post the pandemic, leading to profits for investors and manufacturers worldwide.
LATEST TRENDS
"Increasing Demand for Data Security to Propel Market Growth"
The increasing demand for data security and internal data protection will lead to converged infrastructure market growth. The rising adoption of cloud technologies and digital platforms drives the need for services with wide-ranging applications. The risk of data security breaches is reduced significantly with converged infrastructure systems, and advanced security features, such as AMD processors, will reduce the risk of hacks and breaches, thus driving growth.
Converged Infrastructure Market SEGMENTATION
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- By Type
The market is categorized based on servers, storage, network, software, services, and others.
- By Application
The market is subcategorized based on other applications into government, education, BFSI, telecommunication and IT, healthcare, and others.
DRIVING FACTORS
"Increase in Data Consolidation and Innovations to Drive Market Share"
Innovations such as data center consolidations using converged system solutions drive market growth owing to digital transformations. The data center capabilities are improved with the virtual environment created by the software. These functions significantly increase the system's efficiency and reduce operational costs. Rising investments in data center infrastructures in developed countries will enable the market to witness a potential demand surge for its services.
"Increased Efficiency and Agility to Lead the Adoption of Infrastructure"
The small and medium sector enterprises will lead the market growth and share of the services owing to wide-ranging applications such as VDI and ROBO. Challenges such as capital and scalability are the major factors driving the growth of converged infrastructures amongst SMEs. The flexibility to manage infrastructure as per the company's need and the enhancement of business productivity will thus boost the market for the converged systems due to cost-effectiveness and rising competition in the industry.
RESTRAINING FACTORS
"High Power Requirements and Compatibility Issues to Impede Market Growth"
Compatibility issues such as computing, networking, and data storage in limited spaces will impede the growth of the infrastructure. The expensive installation and compatibility costs in developing countries will hamper the market prospects, leading to negative sales and revenues for leading industrial players and investors worldwide. The requirement for additional hardware and power is another factor that will hinder the market growth and share of the service, thus leading to negative growth.
Converged Infrastructure Market REGIONAL INSIGHTS
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"North America to Lead Market Share due to Global Demand and Innovations"
The North American region will lead the converged infrastructure market share owing to innovations and developments in the area. With the rise of tech giants and the latest innovations due to collaborations, mergers, and partnerships, the industrial share will boom significantly, leading to massive profits for investors and service providers. Thus, post the pandemic, the market will witness significant improvements in the growth and demand for the service. According to our estimation, the U.S. will lead a considerable market share as all leading players are based in the region.
KEY INDUSTRIAL PLAYERS
"America to Lead Market Growth and Demand Post-Pandemic Innovations"
The report has analyzed various global market players in the industry, and the information has been published after analysis of trends, key technological developments, and innovations. The report also includes research on companies, technical outcomes, and emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the converged infrastructure enterprise. Therefore, the factors specified in the report are subject to change as the market dynamics fluctuate. The U.S. will lead the market growth, demand, and share of the industry during the period.
List of Market Players Profiled
- Nutanix (U.S.)
- Hitachi Data Systems (U.S.)
- Oracle Corporation (U.S.)
- IBM Corporation (U.S.)
- Hewlett-Packard Enterprise (U.S.)
- Cisco Systems (U.S.)
- VMware (U.S.)
- Dell EMC (U.S.)
- Scale Computing (U.S.)
- NetApp (U.S.)
- Simplivity (U.S.)
INDUSTRY DEVELOPMENT
"October 2022:" Nutanix, the leading converged platform provider, has widened its Kubernetes container orchestration ecosystem and added infrastructure-as-code (IaC) and advanced cloud-native services, the company announced recently. This development aims to accelerate the adoption of Kubernetes and DevOps applications for Nutanix's cloud customers. This development will significantly benefit the company, increasing market share and thus increasing profits for investors, shareholders, and partners worldwide.
REPORT COVERAGE
The report has examined elements that will affect the demand & supply and estimate forces for the forecast period. After thoroughly evaluating the industrial factors, the report provides an extensive, comprehensive SWOT analysis and estimates all the factors mentioned, taken into consideration after thorough research. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers and acquisitions, and an analysis of the risks of the converged infrastructure industry. The report has listed the worldwide leading manufacturers and the regions that will experience growth during the period.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 29380 Million in 2021 |
Market Size Value By |
US$ 109182.6 Million by 2031 |
Growth Rate |
CAGR of 13.7% from 2021 to 2031 |
Forecast Period |
2024-2031 |
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 converged infrastructure market expected to touch by 2031?
The global converged infrastructure market is expected to touch USD 109182.6 million by 2031.
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What CAGR will the converged infrastructure market exhibit by 2031?
The converged infrastructure market will exhibit a CAGR of 13.7% by 2031.
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What are the converged infrastructure markets driving factors?
The markets driving factors are demand for data security, data consolidation and flexibility, digital innovations, and rising adoption of converged systems worldwide.
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What are the leading companies operating in the converged infrastructure market?
Nutanix, IBM Corporation, Hewlett-Packard Enterprise, Cisco Systems, VMware, Dell EMC, Scale Computing, Hitachi Data Systems, Oracle Corporation, NetApp, and Simplivity are the leading players in the obstruct market.