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Converged Infrastructure Solutions and Services Market to Expand at 28.9% CAGR 2015-2022 due to Rising Adoption of Cloud in Data Centers
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According to the report, the rising adoption of bandwidth utilization and cloud within data centers is propelling the growth of the market. In addition, the rising requirement for lowering costs, business acceleration, risk minimization, and IT simplification is amongst the chief factors stimulating the growth of the market for converged infrastructure solutions and services. On the other hand, as per the report, the rising budgetary pressures owing to economic instability within a number of nations may impede the growth of the market in forthcoming years.
In terms of architecture type, the report segments the market into custom-built and preconfigured converged infrastructure solutions and services. Amongst these, in 2014, the segment of custom-built converged infrastructure solutions and services held the largest share of about 70% in the market. On the basis of component, the market is segmented into converged infrastructure management software, services, support and consulting, integration and implementation, operation and maintenance, and converged infrastructure appliance. Amongst these, the segment of converged infrastructure services led the market with a share of approximately 59%.
In terms of end use, the report segments the market into retail, manufacturing, IT and telecom, the public sector, banking, financial services, and insurance (BFSI), and others including educational institutions and healthcare. Amongst these, in 2014, the segment of IT and telecom emerged as the largest segment, constituting a share of about 33% in the market.
The report segments the market on the basis of geography into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Amongst these, North America held the largest share of approximately 46% in the market in 2014. This is due to the fact that within North America, the majority of IT organizations have replaced conventional data centers with converged data centers in order to increase the scalability and efficiency of their operations. On the other hand, Asia Pacific is predicted to be the most swiftly developing region in the market for converged infrastructure solutions and services and is predicted to rise at a whopping 32.9% CAGR from 2015 to 2022.
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As stated in the report, the prime players dominant in the market are Cisco System, Inc., Hewlett-Packard Company, EMC Corporation, SimpliVity Company, Dell, Inc., Nutanix, Inc., Oracle Corporation, VCE Company, IBM Corporation, and Hitachi Data Systems (Hitachi, Ltd.), among others.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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