Product ID: SQMIG45C2066
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 Insights
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).
Hyper-convergence Infrastructure has recently acquired interest among organisations owing to its ability to speed the deployment of new workloads, simplify infrastructure administration, and minimise infrastructure costs. During the projection period, this has aided the expansion of the hyper-converged infrastructure market. HCI architecture is built for a pay-as-you-go pricing strategy and the capacity to scale gradually, which has aided industry growth. Because it provides integrated stack systems, integrated infrastructure systems, and integrated reference designs, business-critical applications that are now deployed on three-tier IT infrastructure will migrate to hyper converged infrastructure.
The growing desire for upgrading data centres using HCI systems to drive corporate growth benefits the Hyper Converged Infrastructure industry. It is a software-defined infrastructure approach that is used for data centre consolidations to save money and improve operational efficiencies. Increasing desktop virtualization adoption as a result of increased work-from-home scenarios during the COVID-19 pandemic might boost market expansion. In addition, increased demand for data security and disaster recovery in the IT and telecommunications sectors has fueled market expansion. Several end-user firms have embraced these HCI software solutions to reach their distant employees. According to the 2020 Environmental, Social, and Governance (ESG) Research Global Survey, roughly 87% of IT managers have implemented HCI solutions to make their organisations more agile. Microsoft Corporation announced Azure Stack HCI, a hybrid cloud-focused solution, in India in February 2021. With the release of this enhanced solution, users will be able to effortlessly adopt a multi-cloud, multi-edge hybrid strategy.
US Hyper Converged Infrastructure Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Hyper Converged Infrastructure Market Report Snapshots
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