The Global Hyperconverged Infrastructure Market to Grow at CAGR of 23.73% by 2028

Triton Market Research presents the Global Hyperconverged Infrastructure Market segmented by End-user (Data Center Consolidation, Virtualizing Critical Applications, Remote Office/ Branch Office, Backup Recovery/ Disaster Recovery, Virtualization Desktop Infrastructure, Others), Industry Vertical (Healthcare, Education, IT & Telecommunications, Banking Finance & Service Industry, Energy & Utilities, Government, Manufacturing, Others), Components (Software, Hardware), and by Geography (North America, Asia-Pacific, Europe, Latin America, Middle East and Africa). It also discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Analysis, Market Attractiveness Matrix, Vendor Scorecard, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Based on Triton's estimates, the global hyperconverged infrastructure market is likely to witness growth at a CAGR of 23.73% over the forecasted period 2021-2028.

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Hyperconverged infrastructure is an IT infrastructure where the hardware-defined systems are virtualized using software encompassing hypervisor and virtualized networking.

Over the years, data generation has propelled across countries compelling small and medium-scale companies to opt for differentiated data center solutions. Moreover, the number of companies adopting IoT has increased, influencing investments in data centers. Thus, an increase in data center investments, coupled with a rise in edge data investments due to 5G rollouts, are opening new avenues for the hyperconverged infrastructure market. On the contrary, cloud compatibility issues and problems with scalability are impeding the studied market's progress.

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Globally, the Asia-Pacific is envisioned to emerge as the fastest-growing region in the hyperconverged infrastructure market over the forecasted period. China and India accounted for a majority of the share in the hyperconverged market in 2020. Moreover, Japan and India are expected to witness growth over the forecast period. This is mainly owing to the rise in hybrid cloud deployments and surge in the number of mission-critical applications among businesses across the region. Hence, all these factors hold the potential to drive the growth of the hyperconverged infrastructure market in the APAC region.

IBM, Sangfor Technologies, Dell Technologies Inc, DataCore, Hitachi Vantara, Pivot3, Fujitsu, Scale Computing, Huawei Technologies, Microsoft Corporation, HiveIO, Cisco, Hewlett Packard Enterprise, NetApp Inc, Nutanix Inc, VMware Inc, and NEC are renowned companies in the hyperconverged infrastructure market.

The technological understanding is quite limited among certain players in the IT sector. As a result, several startups were formed by former employees of large organizations. Further, there is a high cost for the manufacture and set up of hyperconverged infrastructure. This restricts the entry of new market players significantly, thereby making the threat of new players relatively low. On the other hand, the competition is relatively high among the existing players as they enter into collaborations with other companies.

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