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Composable Infrastructure Market Analysis, Growth Factors, Trends, Top Players And Forecast To 2033
Composable Infrastructure Market Analysis
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the composable infrastructure industry. This report on composable infrastructure market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The composable infrastructure market size has grown exponentially in recent years. It will grow from $5.56 billion in 2023 to $8.23 billion in 2024 at a compound annual growth rate (CAGR) of 48.1%. The growth in the historic period can be attributed to growth of data center modernization, increased infrastructure flexibility, increased virtualization and cloud adoption, it cost optimization, and software-defined infrastructure.
The composable infrastructure market size is expected to see exponential growth in the next few years. It will grow to $37.87 billion in 2028 at a compound annual growth rate (CAGR) of 46.5%. The growth in the forecast period can be attributed to increasing edge computing deployment, growing 5g network expansion, hybrid and multi-cloud environments, rising cybersecurity and data protection, and remote workforce enablement. Major trends in the forecast period include ai and machine learning integration, edge computing adoption, hybrid and multi-cloud deployments, containerization and kubernetes, and energy efficient solutions.
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Key Market Players:
Lenovo Group Limited, One Stop Systems Inc., Dolphin Interconnect Solutions, Liquid Inc., Inspur Group Co. Ltd., Hewlett Packard Enterprise Company, NetApp Inc. are prominent players in the composable infrastructure industry.
Market Drivers:
According to the Composable Infrastructure Market Report 2024 by The Business Research Company, The increased demand for agile IT infrastructure is driving the growth of the composable infrastructure market. The demand for agile IT infrastructure is growing mainly due to the need for promoting business growth, reducing costs, and improving team performance. In addition, companies can adopt new technologies faster, take advantage of deployment options, and accelerate the building of web applications with the help of agile IT infrastructure. This increasing demand for agile IT infrastructure will create a significant demand for composable infrastructure as it enables an agile IT environment within the enterprises by offering the best application performance possible, reducing underutilization and overprovisioning, and creating a more agile, cost-effective data center. For instance, according to the blog article Agile Adoption Statistics for 2022 published in August 2021 by a platform for remote jobs GoRemotely, 71% of companies use agile approaches while 60% of companies have seen growth in their profits after implementing the agile approach. Agile approaches are used in 80% of federal IT projects. In addition, the US government lost $32 billion due to failed IT projects, indicating a need for agile IT infrastructure. Therefore, the increasing demand for agile IT infrastructure will propel the composable infrastructure market growth.
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Market segments for composable infrastructure include:
1) By Component Outlook: Software, Hardware
2) By Cloud: Public, Private, Hybrid
3) By Vertical: BFSI, IT & Telecom, Government, Healthcare, Manufacturing, Other Verticals
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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