What is the Global market size of the Hyper Converged Infrastructure Market?

Global Hyper Converged Infrastructure Market size was valued at USD 5941.3 million in 2021 and is poised to grow from USD 6721.7 million in 2022 to USD 14520 million by 2030, growing at a CAGR of 13.2% in the forecast period (2023-2030).

Who are the key vendors in the Global Hyper Converged Infrastructure Market?

Various businesses are focusing on organic growth strategies such as product launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. These activities have paved the way for market participants to expand their business and customer base. With rising global demand, market players in the hyper-converged infrastructure market are expected to benefit from lucrative growth opportunities in the future. 'Dell EMC', 'Nutanix', 'Hewlett Packard Enterprise', 'Cisco Systems', 'VMware Inc.', 'NetApp Inc.', 'Scale Computing', 'Pivot3', 'Huawei Technologies Co. Ltd.', 'Lenovo Group Limited', 'DataCore Software Corporation', 'Fujitsu Ltd.', 'Stratoscale', 'SimpliVity Corporation', 'Maxta Inc.', 'Atlantis Computing Inc.', 'Gridstore Inc.', 'StarWind Software Inc.', 'StorMagic Inc.', 'Diamanti Inc.'

What is the key driver of the Global Hyper Converged Infrastructure Market?

The market is expanding as a result of increased digital transformation in data centres that use HCI solutions. Using the compute storage network, the solutions are utilised for data centre modernization and consolidation. It provides a software-defined virtualized environment that enables data centre capabilities to be scaled up and down in a flexible manner. The solutions assist in improving performance while lowering operational expenses. Rising investment in data centre infrastructure development is likely to provide new possibilities in the sector.

What is the key market trend for the Global Hyper Converged Infrastructure Market?

The increasing requirement for data security and disaster recovery, as well as reductions in Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), are important drivers driving the hyper-converged infrastructure market trends. These reasons contribute to market growth as key infrastructure providers use hybrid and multi-cloud installations as backup techniques, data disaster recovery solutions, or as a replacement for on-premises infrastructure. However, vendor lock-in is a prominent problem that is predicted to limit market expansion to some extent. HCI minimises the need for significant IT server and storage management resources. The HCI solution simplifies data migration and hybrid cloud deployment. The growing use of Hyper Converged Infrastructure solutions for digital transformation in end-user sectors such as retail and e-commerce, healthcare, IT & telecom, and others has fueled market expansion.

Which region accounted for the largest share in the Global Hyper Converged Infrastructure Market?

Global Hyper Converged Infrastructure Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

Hyper Converged Infrastructure Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Application(Web-based software, Cloud-based software), By End User(Cloud Providers, Colocation Providers, Enterprises), By Organization Size(Large enterprises, and Small & Medium-sized Enterprises (SMEs)), By Enterprise(BFSI, IT & telecom, Government, Healthcare), By Region - Industry Forecast 2025-2032

Report ID: SQMIG45C2066 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 153 | Figures: 78

Hyper Converged Infrastructure Market News

In September 2023, Dell Technologies unveiled its latest hyper converged infrastructure solution, Dell VxRail, which integrates seamlessly with VMware’s Cloud Foundation. This development enhances scalability and performance for customers looking to streamline their IT environments, enabling smoother transitions to multi-cloud strategies while providing robust security and management tools.
In October 2023, Nutanix made an announcement regarding the introduction of its reinvented hyper-converged platform. The latter comes with augmented artificial intelligence powered management. This enhancement is designed to help operations and IT teams work more efficiently, as well as help organizations do more with less. I.e., eliminating unnecessary expenses and developing cost-effective strategies for managing infrastructure, which would normally be quite complicated and expensive.
In November 2023, HPE announced a strategic partnership with a leading cloud service provider to deliver a co-developed hyper converged infrastructure solution. This partnership intends to reinforce hybrid cloud offerings for business clients with features geared at their improvement, for instance automated scaling and integrated data protection, efficient using resources and improving resilience overall.

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Global Hyper Converged Infrastructure Market size was valued at around USD 12.3 billion in 2022 and is expected to rise from USD 16.9 billion in 2023 to reach a value of USD 115 billion by 2031, at a CAGR of 27.1% over the forecast period (2024–2031).

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. 'DELL EMC ', 'Nutanix ', 'Cisco ', 'HPE (Hewlett Packard Enterprise) ', 'Huawei ', 'NetApp ', 'VMware ', 'Pivot3 ', 'Scale Computing ', 'Stratoscale ', 'Maxta ', 'Datcore ', 'Hitachi Vantara ', 'Sangfor ', 'Microsoft ', 'HiveIO ', 'Supermicro ', 'Diamanti ', 'Lenovo ', 'NEC ', 'Riverbed Technology ', 'IBM ', 'Fujitsu ', 'StarWind ', 'StorMagic'

One of the top trends fueling growth in the global hyper converged infrastructure market is the increase in cloud solution usage. With more organizations embracing cloud computing as a way of improving their scalability and flexibility, there is a need for an integrated approach of HCI which bridges the management of these resources so that firms can easily deploy and manage their applications over hybrid clouds.

Shift Towards Multi-Cloud Strategies: The global hyper converged infrastructure industry is increasingly witnessing a shift towards multi-cloud strategies. Implementing hyper converged infrastructure solutions that can easily connect to different cloud infrastructures is on the boom in many organizations trying to become more flexible and scalable while putting better management of resources and lowering costs. This trend increases operational efficiency and caters for varied business requirements.

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.

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What is the global market size of Hyper Converged Infrastructure Market?

Who are the key vendors in the Hyper Converged Infrastructure Market?

What is the key driver of Hyper Converged Infrastructure Market?

What is the key market trend for Hyper Converged Infrastructure Market?

Which region accounted for the largest share in Hyper Converged Infrastructure Market?

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