The hyper-converged infrastructure market is expected to reach $42.1 billion, at a CAGR of 24.1% during the forecast period of 2022 to 2028.
The growing demand for improved IT operations and processes, as well as the need to minimise operational costs and expand infrastructure scalability, are driving the hyper-converged infrastructure systems market forward. In addition, the growing demand for improved data security and disaster recovery solutions, as well as the growing number of data centres with an increasing desire to reduce their footprint, all contribute to the hyper-converged infrastructure systems market’s growth. COVID-19’s global effect and high set-up costs in poorer nations are projected to limit this market’s expansion.
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COVID-19’s Impact on the Market for Hyper-converged Infrastructure Systems
Businesses have suffered significant losses as a result of COVID-19-related lockdowns. Manufacturing, oil and gas, construction, automotive, and transportation have all been affected by the pandemic. The majority of businesses are reorganising their information technology infrastructure and operations. Organizations are also concentrating on securing data in on-premise data centres, speeding the deployment of new workloads, and improving overall business productivity. Automation and the use of advanced technologies for industry-specific applications, such as HCI systems, has risen as a result of this.
Growing demand for improved data security and disaster recovery solutions will propel the industry forward.
With the advent of new technologies in today’s linked world, industry verticals have been accelerating their digital transformation. The growth of these disruptive technologies, on the other hand, has raised concerns about illegal access, data breaches, and account hijacking, among other things. Enterprises have been forced to deploy infrastructure security solutions, including disaster recovery and data protection solutions, due to an increase in critical data loss with on-premises infrastructure (hybrid cloud), a lack of security and scalability, and increased spending on legacy hardware and software.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the hyper-converged infrastructure systems market over the last few years. The key players profiled in the HCI systems market include Nutanix, Inc. (U.S.), Dell Technologies, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), VMware, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Microsoft (U.S.), IBM Corporation (U.S.), Fujitsu Limited (Japan), DataCore Software (U.S.), Pivot3, Inc. (U.S.), NetApp, Inc. (U.S.), Hitachi Vantara LLC (U.S.), NEC Corporation of America (NEC Corporation) (Japan), and Scale Computing (U.S.), among others.
Scope of the Report:
Hyper-converged Infrastructure Systems Market, by Product Type
● Cloud-based
● On-premises
Hyper-converged Infrastructure Systems Market, by Application
● Manufacturing
● Retail
● Financial
● Government
● Others
Regional Perspectives
With the presence of major players, North America will emerge as a lucrative hub.
In the wake of surging investments across HCI applications, the North American hyper-converged infrastructure market share will see a respectable increase. Furthermore, the presence of major companies such as IBM Corporation, Cisco Systems Inc., Dell Technologies, and Microsoft Corporation would help the region thrive. The North American industry was worth roughly USD 2.70 billion in 2020, and it will continue to expand as demand from the government and healthcare sectors increases.
Trends in the Industry
• In October of 2020, Nutanix, Inc. has released enhanced HCI software to help accelerate cloud and data centre innovation.
• StorMagic teamed up with Hivecell to introduce Hivecell HCI with StorMagic SvSAN in June 2021, addressing security and storage issues.
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