The Hyper Converged Infrastructure Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Hyper Converged Infrastructure Market:
According to The Business Research Company’s Hyper Converged Infrastructure Global Market Report 2024, The hyper converged infrastructure market size has grown exponentially in recent years. It will grow from $14.16 billion in 2023 to $18.07 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The growth in the historic period can be attributed to data center modernization, cost efficiency, simplified management, scalability requirements, streamlined deployment, increased workload demands, performance improvements, hyper-convergence awareness.
The hyper converged infrastructure market size is expected to see exponential growth in the next few years. It will grow to $49.43 billion in 2028 at a compound annual growth rate (CAGR) of 28.6%. The growth in the forecast period can be attributed to enhanced security features, data analytics requirements, green it initiatives, automation and orchestration trends, adoption in various industries, vendor ecosystem development.. Major trends in the forecast period include enhanced disaster recovery and business continuity, composable infrastructure concepts, integrated networking solutions, containerization and kubernetes support, focus on hci security, software-defined storage innovations, partnerships and ecosystem expansion.
The development of IT infrastructure is expected to propel the growth of the hyper-converged infrastructure market going forward. Information technology infrastructure (IT Infrastructure) refers to the totality of elements required for managing and operating enterprise IT infrastructures and services. IT infrastructure in the hyper-converged infrastructure is used as IT operations for scattered businesses and organizations of any size can be made more efficient. IT department would experience real challenges whether a single complicated campus location, numerous sites using different platforms, or both. For instance, according to International Data Corporation, a US-based provider of intelligence, advisory services, and events for information technology, in 2022, the amount spent on IT infrastructure is $55.7 billion, and demand for servers, Ethernet switches, and business storage solutions would increase at a 10.9% annual pace. Therefore, the development of IT infrastructure is driving demand for the hyper-converged infrastructure market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7882&type=smp
The hyper converged infrastructure market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Hypervisor: Vmware, Kernel-based Virtual Machines (KVM), Hyper-V
3) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
4) By Application: Remote Office or Branch Office, Virtualization Desktop Infrastructure (VDI), Data Center Consolidation, Backup or Recovery or Disaster Recovery, Virtualizing Critical Applications, Other Applications.
5) By End User: Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Manufacturing, Government, Healthcare, Other End Users
Technological advancement is the key trend gaining popularity in the hyper-converged infrastructure market. Major companies operating in the hyper-converged infrastructure market are focused on developing technologically advanced products to strengthen their market position. For instance, in April 2021, Mavenir, a US-based software company, launched a AI-on-5G Hyper Converged Edge solution. It uses AI and 5G technology together for applications in various promising verticals such as manufacturing, mining, and healthcare that cover Industry 4.0 applications. The Edge AI solution offers industry vertical use-cases and helps enterprises benefit from the confluence of 5G and AI. 5G enables an architecture for the smart connected factories and farms, cities, and logistics operations in which wireless sensors, machinery, robots, and people can collaborate flexibly on the same system. Enterprises can also deploy private networks using this completely automated, dynamically scalable technology as a managed service. The computing power of AI and the security and low latency of 5G are poised to revolutionize entire industries and boost global productivity.
The hyper converged infrastructure market report table of contents includes:
…….
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope An intercom system is a closed-circuit voice communication system device that allows…
Overview and Scope Insurance is a contract under which an individual or entity receives financial…
Overview and Scope Ethical or sustainable food refers to food produced using processes and systems…
Overview and Scope An insurance broker is interested in selling, purchasing, or negotiating various financial…
Overview and Scope An insurance broker is a person who is authorized to sell insurance…
Overview and Scope Gastric cancer drugs refer to anti-cancer medications that are taken orally as…