Hyper-converged Infrastructure Market

Hyper-converged Infrastructure Market Outlook 2031

The global hyper-converged infrastructure market size was valued at USD 12.80 Billion in the year 2022 and is expected to surpass USD 118.89 billion by 2031 expanding at a CAGR of 28.1% during the forecast period, 2023–2031.

The growth of the market is attributed to the demand to improve IT operational efficiency, decrease costs, and improve data security without a complicated IT architecture. Moreover, organizations are constantly seeking wide virtualization of their operations, which push the market expansion.

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Hyper-converged infrastructure (HCI) is a software-centric design that combines storage, computation, virtualization, and networking resources in a single commodity hardware box. It incorporates all of the components of a data center such as storage and computation and systems are used locally and have storage resources associated to them.

All of these are used locally and have storage resources associated to them. Owing to wide establishment of hyper-convergence infrastructure with an integration of a lot of interconnected software, it provides efficient operation functioning. The system unites all of the components of a data centre, which helps to reduce process downtime.

COVID-19 outbreak has negatively impacted the hyper-converged infrastructure market slightly as the new installation is postponed during the pandemic. However, on-premise platforms have been widely installed during the pandemic due to wide requirement of digital transformation of business operation structures.

Hyper-converged Infrastructure Market Trends, Drivers, Restraints, and Opportunities

• Certain benefits of the technology that helps to save a lot of time and most cost-effective choice for several applications are key factors driving the market.
• Demand for increasing operational efficiency among businesses is likely to propel the market expansion during the forecast period.
• Rising demand for data management, recovery, and protection through a single interface are key factors that spur the market expansion.
• Lack of strong supply chain and no flexibility in terms of switching the digital platforms without inducing high switching costs are major setbacks of the market.
• Rapid expansion of the IT sector as well as massive improvement and investment in research for infrastructure development are key factors that create massive growth opportunities of the market.

Scope of Hyper-converged Infrastructure Market Report

The report on the global hyper-converged infrastructure market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Hyper-converged Infrastructure Market Segment Insights

Application Segment Analysis

On the basis of applications, the hyper-converged infrastructure market is segmented into data protection, data center consolidation, virtualization, and cloud computing. The hyper-converged segment is projected to expand at a considerable CAGR during the forecast period due to lower direct IT expenditures and ongoing management.

BFSI organizations extensively use a hyper-converged IT infrastructure to accelerate the development and launch of new products and initiatives. The organizations aim at addressing and solving complaints with regulatory requirements, reducing capital and operational expenses, and mitigating risk.

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Regional Analysis

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the presence of a large number of players throughout the United States.

Due to the presence of large IT & telecom and BFSI organizations, North America is likely to be a crucial market destination during the projection period. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the widespread use of current IT services to store data at a low cost.

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Segments

The global hyper-converged infrastructure market has been segmented on the basis of

Applications

• Data Protection
• Data Center Consolidation
• Virtualization
• Cloud Computing

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Dell Inc.
• Atlantis Computing, Inc.
• Cisco Systems, Inc.
• Fujitsu Ltd.
• Hitachi Data Systems
• NetApp, Inc.
• EMC Corporation
• Hewlett Packard
• Scale Computing Inc.
• SimpliVity Corporation
• VMware, Inc.
• Nimboxx, Inc.
• Nutanix, Inc.
• Pivot3

Competitive Landscape

Key players competing in the global hyper-converged infrastructure market are Dell Inc.; Atlantis Computing, Inc.; Cisco Systems, Inc.; Fujitsu Ltd.; Hitachi Data Systems; NetApp, Inc.; EMC Corporation; Hewlett Packard; Scale Computing Inc.; SimpliVity Corporation; VMware, Inc.; Nimboxx, Inc.; Nutanix, Inc.; and Pivot3.

All of these significant key companies play an important role in dynamic growth of the hyper-converged infrastructure market. To expand their consumer base, these big important players employ a variety of techniques and regulations such as launching new technology to increase their market share.