The global hyper-converged infrastructure market size was valued at USD 1.07 billion in 2015. Hyper-converged infrastructure is a software-centric architecture that integrates storage, compute, virtualization, and networking resources in a commodity hardware box supported by a single vendor.
The demand to improve IT operational efficiency, reduce costs, and improve data protection without the complex IT infrastructure and organization seeking virtualization is expected to drive the growth of the market.
Small organizations prefer improving operational efficiency, major infrastructure deployment, improving Remote Branch Office/Office (ROBO) IT efficiency/service, and increasing the use of server virtualization. The mid-market organizations are focused on VDI, improving operational efficiency, major infrastructure deployment, and increasing server virtualization. Mid-sized enterprises don’t waiver much from the aggregate responses, with the exception of a major infrastructure deployment replacing the use of cloud infrastructure. Large enterprises aim at improving operational efficiency along with improving the backup and disaster recoveries, followed by using VDI, deploy a private cloud infrastructure, and cloud infrastructure service. These benefits offered by the hyper-converged infrastructure are anticipated to drive demand in large, small, and medium enterprises over the forecast period. Cloud computing in the market is also gaining traction and is expected to witness significant growth.
IT and Telecom are adopting the technology extensively due to unique offerings, development of innovative products, and acquiring new consumer, which are important for the growth and profitability of service providers. Hyper-converged IT assists service providers in concentrating on the challenges in the business’s growth without time intensive needs for managing and growing the IT infrastructure, or handling troubleshooting or downtime. The direct IT costs are reduced and the ongoing management can be relatively less costly than the present systems, which is expected to propel the demand over the period of seven years.
A hyper-converged IT infrastructure empowers BFSI businesses to speed the development and launch of innovative new products and initiatives while keeping check on the regulatory requirements, controlling capital & operating costs, and mitigating risks. Back-end applications deliver an exceptional performance and are fully scalable.
The HCI market in North America is anticipated to show promising growth opportunities in the coming years due to the presence of a wide number of players across the U.S., such as Nutanix, Inc. (U.S.), Pivot3 (U.S.), Scale Computing, Inc. (U.S.), SimpliVity Corporation (U.S.) and VMware, Inc. (U.S.), among others. These market players offer HCI solutions majorly across the financial sector, government organizations, and IT & telecom, which form the major segment of the overall hyper-converged infrastructure market. North America is expected to be a key region over the forecast period, owing to the presence of the major IT & telecom and BFSI companies. Asia Pacific is anticipated to grow significantly, owing to the adoption of the modern IT services to store data at an economical cost.
EMC Corporation (U.S.), Hewlett Packard (U.S.), Dell Inc. (U.S.), Atlantis Computing, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Fujitsu Ltd. (U.S.), Hitachi Data Systems (U.S.), NetApp, Inc. (U.S.), Nimboxx, Inc. (U.S.), Nutanix, Inc. (U.S.), Pivot3 (U.S.), Scale Computing, Inc. (U.S.), SimpliVity Corporation (U.S.), and VMware, Inc. (U.S.) are some of the major industry players in this domain.
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The exponential spread of COVID-19 worldwide has had an adverse impact on the semiconductor industry with manufacturing facilities temporarily shut, leading to a significant slowdown in the production. The outbreak could result in disruption across the ecosystem with several supply chain participants shifting their production facilities outside China, thereby reducing their over-reliance on China. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also hauled consumer demand for semiconductor devices. Our analysts predict a decline in semiconductor revenue by over 1% in 2020 as compared to that in 2019. The report will account for Covid19 as a key market contributor.