Hyper-Converged Infrastructure Market to Reach USD 33.16 Million by 2026, Says Allied Market Research | Meeting the Demands of the Digital Age

Rise in requirement for disaster recovery and data protection along with lowered Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) drive the global hyper-converged infrastructure market. However, vendor lock-ins are expected to hinder the market growth. On the other hand, surge in investments regarding data center infrastructure present new opportunities for growth.

According to the report, the global hyper-converged infrastructure market garnered $3.84 billion in 2018, and is estimated to reach $33.16 billion by 2026, registering a CAGR of 30.7% from 2019 to 2026.

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Covid-19 Scenario:

➢ The outbreak of covid-19 has positively impacted the team collaboration software market, owing to surge in adoption of work from home policies.

➢ Furthermore, due to lockdown imposed by the government bodies, the industry has witnessed an increase in demand for collaborative platforms.

Based on component, the hardware segment accounted for nearly half of the total share of the global hyper-converged infrastructure market in 2018, and is expected to continue its leadership position throughout the forecast period. This is due to proliferation of data centers across the globe to lower down complexity and enhance scalability. Contrarily, the software segment is expected to grow at the highest CAGR of 32.0% from 2019 to 2026, owing to surge in cloud migration activities and cost saving benefits.

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Based on industry vertical, the BFSI segment held the highest market share of the global hyper-converged infrastructure market, accounting for more than one-fifth of the total share in 2018, and is expected to maintain its lead position in terms of revenue by 2026. This is attributed to increase in digitization and adoption of robust digital transformation strategies. However, the healthcare segment is estimated to register the highest CAGR of 33.9% from 2019 to 2026, owing to implementation in digital workspaces and data center efficiency for reducing operational costs.

Based on region, North America accounted for the highest market share based on revenue, contributing to more than two-fifths of the global hyper-converged infrastructure market in 2018, and is estimated to maintain its dominance during the forecast period. This is due to shift toward novel technology that offers cloud-like economics for current data centers without compromising availability, performance, or reliability. However, Asia-Pacific is estimated to witness the largest CAGR of 36.3% from 2019 to 2026, owing to increase in hybrid cloud deployments along with surge in number of mission-critical applications.

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The increasing demand for safeguarding data and ensuring disaster recovery, coupled with a reduction in both Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), serves as the primary driving force behind the ongoing expansion of the hyper-converged infrastructure market. These factors are a direct result of leading infrastructure providers adopting hybrid and multi-cloud deployments for purposes such as backup strategies, data disaster recovery solutions, and as alternatives to traditional on-premises infrastructure.

Nevertheless, it's worth noting that vendor lock-in represents a significant challenge that may impede market growth to some extent. On a positive note, the market also benefits from rising investments in data center infrastructures, offering opportunities for further growth.

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The increasing expansion of data centers is expected to lead to a significant uptake of hyper-converged infrastructure (HCI). This is due to the unique architectural approach of HCI, which dismantles the data silos within enterprise data centers and simplifies the management of storage, network, and computing components. Consequently, there is a growing demand for data protection solutions that are purpose-built and seamlessly integrated with HCI, particularly within the data center sector. This trend is anticipated to be a key driver for market growth.

Leading Market Players

➢ Cisco Systems, Inc.
➢ Dell Inc.
➢ Hewlett Packard Enterprise Company
➢ Huawei Technologies Co., Ltd.
➢ Microsoft Corporation
➢ NetApp, Inc.
➢ Nutanix, Inc.
➢ Pivot3
➢ Scale Computing
➢ VMware, Inc.

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