March 28, 2020
Converged infrastructure

Converged infrastructure market valued at US$ 16.5 Bn in 2018, Expected to grow in coming period

The overall converged infrastructure market in the world was valued at US$ 16.5 billion in 2018 and is set to grow by 18.6 per cent during the forecast period. Growing IT industry and speeding up business through cloud services are the main growth factors for the converged infrastructure market. The IT industry was projected at approximately US$ 4.90 Tn in 2018. Corporates expand their IT infrastructure by shifting the entire IT infrastructure to cloud, which helps the growth of the market. Market demand is rising due to the presence of all components such as software, services, networking, and so on.Some of the major factors driving market growth are the ability to modify the software with the help of storage-class memory and non-volatile memory express. Therefore, during the forecast period, the converged infrastructure market is expected to show huge growth.

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The market is divided into BFSI, IT & telecommunications, manufacturing and healthcare based on end-use. In 2018, the IT and telecommunications segment led the market, backed by manufacturing with a market share contribution of more than 32% in the same year.With a substantial growth rate of nearly 5.5 percent in the years to come, the IT & telecommunications industry is growing. Because of the increasing demand for big data and the need for high volume storage space, the segment is gaining momentum. Another factor in segment growth is the increasing need for customized and sophisticated storage services. Therefore, we assume the segment will show significant growth over the forecast period.

Converged infrastructure model is gaining momentum in today’s business environment. This is due to the shift in business practices as organizations move to a flexible self-service model from self-owned and self-managed hardware model. On demand, this model involves the use of resources.

Some of the major companies profiled in the report include Nutanix, Inc., Hitachi Data Systems, Oracle Corporation, IBM Corporation, Hewlett-Packard Enterprise, Cisco System, Inc., VMware Inc., Dell EMC., Scale Computing, and NetApp, Inc. among others.

Moreover, in a converged infrastructure, the model involves bundling of hardware components rather than multiple IT assets spread across independent silos. In a converged infrastructure, hardware components are managed using management software to orchestrate and supply resources as a single integrated system. The model of converged infrastructure also has other advantages. It helps to reduce complexity in the management of data centers. The facility is designed to eliminate the incompatibility of hardware issues.

Furthermore, organizations appeal for ease of deployment of converged infrastructure. This is suitable for organizations that write applications in the cloud or host a private cloud or internal hybrid.

Geographically, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America have segmented the converged infrastructure market. North America retained the most dominant revenue-related market share in 2016 and is expected to maintain its leading position over the 2019-2027 forecast period, followed by Asia Pacific. Asia Pacific would be a major region during the forecast period driving demand for converged infrastructure for a variety of end-use industries, including manufacturing, telecommunications, and IT and manufacturing.

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