According to a recent report published by Prudent Markets, titled, “Hyper-converged Infrastructure MarketbyComponent, Application, andIndustry Vertical: Opportunity Analysis and Industry Forecast, 2019–2026,”the hyper-converged infrastructuremarket size was valued at $3.84billion in 2018, and is projected to reach $33.16billion by 2026, growing at a CAGR of30.7% from 2019 to 2026.

Rise in need for flexible infrastructure and increase in demand for architecturesthat can handle heavier workloads such as business analytics and big data tools is a major factor that drives the growth of the global hyper-converged infrastructure market during the forecast period. Major business leaders encourage organizations to adopt software-centric architecture that help themintegrate,compute, and store into a single suite. This compelled leading virtualization vendors to work toward hybrid cloud systems and help their customers to upload transactional workloads to the public cloud and perform heavy workloads usually mission critical on-premise.

As IT companies areembarking on data center modernization projects, coupled with rise in need to modernize the data center architecture, the hyper-convergence infrastructure is playing a vital role as it provides the agility of public cloud infrastructure without the need to relinquish control of hardware.While the security in the public cloud has significantly improved, the enhanced degree of data protection inherited into hyper-convergence is a primary factor that has boosted the adoption of hyper-convergence infrastructure among various organizations. This in turn is expected to drivehyper-converged infrastructure market growth.

Byapplication, the data center consolidation segment dominated the overall hyper-converged infrastructuremarket analysisin2018in terms of revenue and is further expected to enduretraction for hyper-converged infrastructureamong organizations during the forecast period. This is attributed to high adoption of hyper-converged architecture among the data center organizations as it offers benefits such as lowest power usage effectiveness (PUE), lowest latency, scalability on demand, and others.

The companies in Asia-Pacific have witnessed to roll out hyper-converged infrastructure, as a distinct to embark company-wide digital transformation projects which in turn has supported the growth of the hyper-converged infrastructuremarket share in the region. The preference of companies that operate in Asia-Pacific is to work on discrete workloads due to high volumes of data silos generated in the region due to high availability of connected devices, proliferation of applications, and prominence of Internet services.In addition, this approach is more manageable, cost-efficient, and easier to integratewithin existing infrastructure  framework.

According toMakarand Sinnarkar, Research Analyst, ICTat Prudent Markets, “The global hyper-converged infrastructure market in 2026 has witnessed significant growth due to its ability to utilize commodity hardware which in turn reduced the Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) significantly.”

KEY FINDINGS OF THE STUDY

• By component, the hardwaresegment dominated the hyper-converged infrastructure market. However, the softwaresegment is expected to exhibit significantgrowth during the forecast period in the hyper-converged infrastructureindustry.

• By application, the data center consolidationsegment accounted for the highest revenuein 2018 and is expected to continue this trend in the coming years.

• Depending on industry vertical, the BFSI industry generated the highest revenuein 2018. However, the healthcare sectoris expected to witness a considerable hyper-converged infrastructure market growth in the near future.

• Region wise, Asia-Pacificis expected to witness significant growth in terms of CAGR in the coming years in the HCI market.

Some of the key market players profiled in the hyper-converged infrastructure market forecast includeCisco Systems, Inc., Dell Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd. , Microsoft Corporation , NetApp, Inc. , Nutanix, Inc. , Pivot3 , Scale Computing, and VMware, Inc.

 

Research Link: https://www.prudentmarkets.com/report/hyper-converged-infrastructure-market/539/