Hyper Converged Infrastructure Market Report 2024: Trends, Analysis & Forecast 2033 | Competitive Landscape Insights

The hyper converged infrastructure market size has grown exponentially in recent years. It will grow from $14.16 billion in 2023 to $18.07 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The growth in the historic period can be attributed to data center modernization, cost efficiency, simplified management, scalability requirements, streamlined deployment, increased workload demands, performance improvements, hyper-convergence awareness.

The hyper converged infrastructure market size is expected to see exponential growth in the next few years. It will grow to $49.43 billion in 2028 at a compound annual growth rate (CAGR) of 28.6%. The growth in the forecast period can be attributed to enhanced security features, data analytics requirements, green it initiatives, automation and orchestration trends, adoption in various industries, vendor ecosystem development. Major trends in the forecast period include enhanced disaster recovery and business continuity, composable infrastructure concepts, integrated networking solutions, containerization and kubernetes support, focus on hci security, software-defined storage innovations, partnerships and ecosystem expansion.

Market Overview -
Hyper-converged infrastructure combines all the elements of a traditional data center such as storage, computing, networking, and management. The HCI provides three main benefits such as increased IT efficiency, better storage at lower cost, and greater ability to scale. These are used in a software unified system.

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Development Of It Infrastructure Is Driving The Hyper-Converged Infrastructure Growth
The development of IT infrastructure is expected to propel the growth of the hyper-converged infrastructure market going forward. Information technology infrastructure (IT Infrastructure) refers to the totality of elements required for managing and operating enterprise IT infrastructures and services. IT infrastructure in the hyper-converged infrastructure is used as IT operations for scattered businesses and organizations of any size can be made more efficient. IT department would experience real challenges whether a single complicated campus location, numerous sites using different platforms, or both. For instance, according to International Data Corporation, a US-based provider of intelligence, advisory services, and events for information technology, in 2022, the amount spent on IT infrastructure is $55.7 billion, and demand for servers, Ethernet switches, and business storage solutions would increase at a 10.9% annual pace. Therefore, the development of IT infrastructure is driving demand for the hyper-converged infrastructure market.

Competitive Landscape -
Major companies operating in the hyper converged infrastructure market report are Dell Technologies Inc., Nutanix Inc., Pivot3 Inc., Hewlett Packard Enterprise Co., Cisco Systems Inc., VMware Inc., Microsoft Corporation, NetApp Inc., Scale Computing Inc., StorMagic Ltd., Huawei Technologies Co. Ltd., HiveIO Inc., Super Micro Computer Inc., Hitachi Vantara Corporation, Diamanti Inc., Lenovo Group Limited, NEC Corporation, Riverbed Technology LLC, StarWind Software Inc., Fujitsu Ltd., DataCore Software UK Ltd., IBM Technology Corp., Sangfor Technologies Inc., Maxta Inc., Startoscale Ltd., Simplivity Ltd., Atlantis Computing Inc., Stratoscale Ltd., DataDirect Networks Inc., Red Hat Inc., Gridstore Ltd., Cloudistics Inc., Nyriad Ltd., Sunlight Inc.

The Role Of Technological Advancements In The Hyper-Converged Infrastructure Market
Technological advancement is the key trend gaining popularity in the hyper-converged infrastructure market. Major companies operating in the hyper-converged infrastructure market are focused on developing technologically advanced products to strengthen their market position. For instance, in April 2021, Mavenir, a US-based software company, launched a AI-on-5G Hyper Converged Edge solution. It uses AI and 5G technology together for applications in various promising verticals such as manufacturing, mining, and healthcare that cover Industry 4.0 applications. The Edge AI solution offers industry vertical use-cases and helps enterprises benefit from the confluence of 5G and AI. 5G enables an architecture for the smart connected factories and farms, cities, and logistics operations in which wireless sensors, machinery, robots, and people can collaborate flexibly on the same system. Enterprises can also deploy private networks using this completely automated, dynamically scalable technology as a managed service. The computing power of AI and the security and low latency of 5G are poised to revolutionize entire industries and boost global productivity.

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Key Segments -
The hyper converged infrastructure market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Hypervisor: Vmware, Kernel-based Virtual Machines (KVM), Hyper-V
3) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
4) By Application: Remote Office or Branch Office, Virtualization Desktop Infrastructure (VDI), Data Center Consolidation, Backup or Recovery or Disaster Recovery, Virtualizing Critical Applications, Other Applications.
5) By End User: Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Manufacturing, Government, Healthcare, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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