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).

Global Hyper Converged Infrastructure Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Application(Remote Office/Branch Office, Virtual Desktop Infrastructure), By Organization Site(Large enterprises, Small), By End-User(Cloud providers, Colocation Providers), By Enterprise(Banking, Financial Services) - Industry Forecast 2024-2031

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

Global Hyper Converged Infrastructure Market Regional Insights

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).

North America dominated the global market. This is largely because industry titans like as Dell Technologies, Cisco Systems Inc., Hewlett Packard Enterprise Company, IBM Corporation, Microsoft Corporation, and others are present. Furthermore, rising investment in the establishment and modernization of data centre infrastructure in this sector contributes to market growth. The construction of data centre infrastructure across North America has supported market growth.

Throughout the forecast period, Asia Pacific is predicted to grow at the fastest CAGR. This is mostly due to increasing investment by significant regional companies. Microsoft Corporation, for example, intended to invest roughly USD 1 billion in Malaysia in April 2021 to establish a new data centre in collaboration with local enterprises and government agencies. Such data centre development initiatives are projected to provide a number of chances for industry growth.

During the projection period, Europe will increase at a steady CAGR. Rising digital transformation activities by industry leaders, together with increased expenditures in data centre construction, fuel market growth. For example, in November 2021, the European Commission introduced the Digital Europe Programme, which includes USD 2.24 billion in support for enterprise digital transformation. The Digital Europe Programme aims to increase digital technology adoption in Europe's public agencies and small and medium-sized businesses.

Global Hyper Converged Infrastructure Market Report Snapshots

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Hyper Converged Infrastructure Market size was valued at USD 5941.3 million in 2019 and is poised to grow from USD 6721.7 million in 2023 to USD 14520 million by 2031, growing at a CAGR of 13.2% in the forecast period (2024-2031).

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.'

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.

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.

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).

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Global Hyper Converged Infrastructure Market Regional Insights

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