USD 5941.3 million
Report ID:
SQMIG45C2066 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
153
|Figures:
78
Hyper Converged Infrastructure Market size was valued at USD 16.9 Billion in 2023 and is poised to grow from USD 21.48 Billion in 2024 to USD 146.17 Billion by 2032, growing at a CAGR of 27.1% during the forecast period (2025-2032).
Due to its ability to simplify infrastructure administration, optimize infrastructure costs, and expedite the deployment of new workloads, hyper-convergence architecture has recently garnered significant traction among companies. Throughout the projected period, this has further bolstered the hyper converged infrastructure market's expansion. The global hyper converged infrastructure market growth can be attributed to the pay-as-you-go pricing structure that is enabled by the architecture of the hyper converged infrastructure and its ability for incrementally scaling. Business critical applications, which are currently deployed on a three tier IT architecture will migrate to hyper converged infrastructure owing to its integrated stack system, integrated infrastructure system, and integrated reference architectures.
The rising number of remote workers and the increasing use of cloud-oriented services have presented businesses with new challenges on security. In this regard, hyper converged infrastructure provides infrastructure for services that is secure and scalable, helping organizations to fortify data protection as well as minimize the risk of cyber threats. All in all, the global hyper converged infrastructure market is on the rise mainly due to the increasing concerns of data protection. The market is also expected to keep on growing in the next few years as long as organizations maintain their priority on data security. As a result, these hyper converged infrastructure related variables have improved the market's compound annual growth rate (CAGR) globally in recent years.
US Hyper Converged Infrastructure Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5941.3 million
Largest Segment
Solutions
Fastest Growth
Solutions
Growth Rate
13.2% CAGR
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Global Hyper Converged Infrastructure Market is segmented by Component, Application, End User, Organization Size, Enterprise, and region. Based on Component, the market is segmented into Hardware, Software. Based on Application, the market is segmented into Remote office/branch office, Virtualization Desktop Infrastructure (VDI), Data center consolidation, Backup/recovery/disaster recovery, Virtualizing critical applications, Others. Based on End User, the market is segmented into Cloud Providers, Colocation Providers, Enterprises. Based on Organization Size, the market is segmented into Large enterprises, and Small and Medium-sized Enterprises (SMEs). Based on Enterprise, the market is segmented into Banking, Financial Services, and Insurance (BFSI), IT and telecom, Government, Healthcare, Manufacturing, Energy, Education, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Hyper Converged Infrastructure Market Analysis by Component
As per categorization by component, the market is classified as hardware, and software. Among these, hardware earned the largest share and continues to dominate the global hyper converged infrastructure market share. Integration of key hardware components is witnessing a significant innovation wave characterized by strong, integrated solutions that converge storage, compute and networking elements in a box. This makes it possible to achieve more and better performance from the system, reduces the data center management overheads and increases the level of scaling that can be achieved, making the hardware a primary element in hyper converged infrastructure. The reason why hyper converged infrastructure systems pervade the markets is the need for infrastructures that are very strong and perform efficiently even under workloads of high complexity being that the modern businesses want easy to manage systems and infrastructures at a lower cost, which is when overwhelming systems are rationalized.
The software component of the global hyper converged infrastructure market is poised to experience rapid growth due to its role in driving flexibility, scalability, and automation within hyper converged infrastructure environments. With the growing trend of software-defined solutions in businesses, hyper converged infrastructure software manages resources, gives control from a single point, and shifts the loads without largely involving hardware upgrades. Beyond such breakthroughs, the innovations of virtualization, orchestration, and data management create more value on software, enabling the organizations to optimize their costs with reorganization whenever the needs change. This level of progression and simplicity of attaching such components is what makes such solutions very appealing for corporates seeking to upgrade their infrastructure, thus driving the rapid rise of such solutions in the hyper converged infrastructure sphere.
Hyper Converged Infrastructure Market Analysis by Application
Data center consolidation within the global hyper converged infrastructure market is advancing as organizations seek to simplify operations, reduce physical footprint, and cut energy costs. Hyper converged infrastructure eases the process of consolidation of several data centers by providing a seamless joining of storage, compute and networks into a single unit, which lessens the hardware need and enhances effective use of the available resources. Reinvented methods of virtualization, workload automation and centralized control have made it possible for integrating Data centers using hyper converged infrastructure to become a more popular trend. This trend of advanced advertisements is the governing ideology in the hyper converged infrastructure sector as companies are becoming keen on efficiency, flexibility and making savings. In enabling fast deployments as well as orchestration of numerous workloads, consolidation of datacenter using hyper converged infrastructure is revolutionizing the IT hardware design approach.
Virtualizing critical applications is set to be the fastest-growing segment in the global hyper converged infrastructure market due to the increasing demand for agility, scalability, and enhanced resource management. In the process of improving IT environments, businesses have come to appreciate the capability of virtualization in deploying and managing mission applications on different infrastructures with ease. The core attributes of hyper converged infrastructure —namely, built-in processing, storage, and connectivity—help in resource distribution and tracking efficiency. Further, owing to the increasing demand for cloud services of late, underpinning technologies supporting virtualization have to be very strong for businesses to ensure service availability and continuity does not become very expensive. This has hence led to quick adoption of critical applications that can be virtualized in hyper converged infrastructure.
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North America is dominating the global hyper converged infrastructure market due to its advanced technological landscape, high adoption rates of cloud computing, and significant investments in IT infrastructure. The region’s focus is on major players in the technology and startup industries, which acts as a catalyst for hyper converged infrastructure solution advancement, forms or develops new hyper converged infrastructure solutions. Moreover, there is a growing trend in many organizations in North America that focus on digital transformation projects which in turn creates a need for a RAW RAXA-R architecture with a sound foundation capable of coping with many intensive workloads. Apart from the aforementioned factors, the region’s focus on improved data security and regulatory compliance and resource efficiency helps to increase hyper converged infrastructure adoption, making North America the most advanced region in the global hyper converged infrastructure market.
Asia-Pacific is emerging as the fastest-growing region in the global hyper converged infrastructure market due to rapid digital transformation across various industries and increasing investments in IT infrastructure. There is an increase in demand for scalable and flexible solutions in countries such as China, India, and Japan on account of their extensive cloud adoption and data center consolidation. Furthermore, the growing attempts of the region to increase operational efficiency and the number of startups and technology initiatives are encouraging the movement toward hyper-converged solutions. As the focus shifts to more cost-effective and innovative IT strategies, the global hyper converged infrastructure market outlook for Asia Pacific remains strong, bolstered by the region's focus on digital transformation.
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Hyper Converged Infrastructure Market Driver
Increased Demand for Cloud Solutions
Cost Efficiency and Simplified Management
Hyper Converged Infrastructure Market Restraints
Complexity of Integration with Legacy Systems
Concerns Over Data Security and Compliance
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The competitive landscape is characterized by the presence of key players striving for innovation and having large segment of the global hyper converged infrastructure market share. Organizations including VMware, Nutanix, Dell Technologies and HPE among others, are leading the way in providing sophisticated hyper converged infrastructure solutions that combine storage, compute, and network resources. These organizations continually improve their product portfolio by forming alliances, ceasing competition with, or buying out other companies and implementing advanced technologies which make them suitable to address the needs of businesses for cost effective and flexible IT structure provision.
Hyper Converged Infrastructure Market Top Player's Company Profiles
Hyper Converged Infrastructure Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global hyper converged infrastructure market is poised for robust growth driven by the increasing demand for simplified management, cost efficiency, and enhanced data security. As organizations adopt hyper converged infrastructure for its ability to streamline operations and facilitate data center consolidation, the transition to virtualized critical applications becomes crucial.
The growth of the market is also further heightened owing to the increased multicloud adoption and AI integration. The hyper converged infrastructure market will grow as businesses will increasingly embrace change and need to come up with solutions in order to tackle the changing demands of IT and security as well as other operational issues.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 12.3 billion |
Market size value in 2031 | USD 115 billion |
Growth Rate | 27.1% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Hyper Converged Infrastructure Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hyper Converged Infrastructure Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hyper Converged Infrastructure Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hyper Converged Infrastructure Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45C2066
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