Hyper Converged Infrastructure Market Size, Share, Revenue, Growth | Valuates Reports

Hyper Converged Infractructure Market

The hyper-converged infrastructure market size was valued at USD 3.84 Billion in 2018, and is projected to reach USD 33.16 Billion by 2026, growing at a CAGR of 30.7% from 2019 to 2026.

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Trends Influencing the Global Hyper Converged Infractructure Market

• HCI architecture is designed for a pay-as-you-go cost model and has the ability to scale incrementally. This ability has positively influenced the growth of the Hyper-Converged Infrastructure market size. Currently built on a three-tier IT network, business-critical applications can migrate to a hyper-converged network as it provides integrated stack systems, integrated service systems, and integrated reference architectures.

• Because of its architecture, which disrupts the enterprise data center by fragmenting its data silos to handle the storage, network, and computing stack, the HCI system will see a high adoption rate among the data center. As a result, the need for a built-in and integrated HCI data protection solution is gaining high traction among data center industries, which is expected to fuel the growth of Hyper-Converged Infrastructure market size.

• The growing need for data security and disaster recovery and reduction in Capital Expenditure ( CAPEX) and Operational Expenditure (OPEX) are key factors driving the growth of the Hyper-Converged Infrastructure market size.

• Hyper-converged infrastructure is gaining higher adoption as it reduces the costs of infrastructure by combining or incorporating commodity hardware with a common operating model. This factor is projected to drive the growth of hyper-converged infrastructure market size during the forecast period. Furthermore, due to HCI 's hardware-agnostic approach, the commodity hardware is also used to host applications as virtual machines or containers.

• During the coronavirus pandemic, the new installation of a hyper-converged infrastructure was postponed. Operating on-premises was banned during the aggressive lockdown, so the upcoming IT organizations have postponed the hyper-converged infrastructure network deployment. However, the global lockdown has not affected the hyper-converged infrastructure market as IT industry operations are normally performed through the structure of 'work from home.' And subsequently, the use of hyper-converged technology in the IT sector is in high demand worldwide.

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By Component
• Hardware
• Software

By Application
• Remote office or branch office
• Virtualization Desktop Infrastructure (VDI)
• Data center consolidation
• Backup recovery / disaster recovery
• Critical applications Virtualization
• Others

By Industry Vertical
• BFSI
• IT and Telecommunications
• Government
• Healthcare
• Manufacturing
• Energy and Utilities
• Education
• Others

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