Composable Infrastructure Global Market Report 2024 by The Business Research Company | Lenovo Group Limited, One Stop Systems Inc., Dolphin Interconnect Solutions, Liqid Inc., Inspur Group Co. Ltd., Hewlett Packard Enterprise Company, NetApp Inc., Dell In

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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Composable Infrastructure Market Major Segments
The composable infrastructure market covered in this report is segmented -

1) By Component Outlook: Software, Hardware
2) By Cloud: Public, Private, Hybrid
3) By Vertical: BFSI, IT & Telecom, Government, Healthcare, Manufacturing, Other Verticals

Key Driver - Composable Infrastructure Market Thriving On The Surge In Demand For Agile It Environments

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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Prominent Trend - Pioneering Technology Advancements Redefining The Composable Infrastructure Market

Technology advancement is a key trend gaining popularity in the composable infrastructure market. The market is witnessing the use of advanced technologies for composable infrastructure solutions such as SSD technology in storage hardware with advanced algorithms to increase the life of the devices for increased efficiency and productivity. Many companies operating in the composable infrastructure market are focused on developing and offering advanced composable infrastructure hardware or software solutions to strengthen their market position. For instance, in April 2022, Inspur Information, a global leading provider of IT infrastructure solutions introduced a new generation of Enterprise NVMe SSDs based on an innovative NAND algorithm that increases flash memory lifespans by 40% and achieves 1.6 million IOPS per drive via PCIe 4.0 ultra-wide channel and ZNS (Zoned Namespace) storage. This SSD technology was critical in Inspur's storage system's performance and improved Inspur's core storage competitiveness in terms of system-level joint debugging and optimization, reliability, and performance. This is essential to achieve the composable infrastructure within the enterprises by enabling efficient storage for the faster deployment of applications.

Composable Infrastructure Market Players
Major companies operating in the composable infrastructure market include Lenovo Group Limited, One Stop Systems Inc., Dolphin Interconnect Solutions, Liqid Inc., Inspur Group Co. Ltd., Hewlett Packard Enterprise Company, NetApp Inc., Dell Inc., Nutanix Inc., Juniper Networks Inc., Western Digital Corporation, TidalScale Inc., Quanta Cloud Technology LLC, Cloudistics Inc., HGST Inc., DriveScale Inc., Quanta Cloud Technology, Cisco Systems Inc., Fungible Inc., Pure Storage Inc., Super Micro Computer Inc., Fujitsu Limited, NEC Corporation, Huawei Technologies Co. Ltd., Hitachi Ltd., International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Amazon Web Services Inc., Google LLC

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Largest And Fastest Growing Region In The Market
North America was the largest region in the composable infrastructure market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the composable infrastructure market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Composable Infrastructure Market Report Structure
3. Composable Infrastructure Market Trends And Strategies
4. Composable Infrastructure Market - Macro Economic Scenario
5. Composable Infrastructure Market Size And Growth
…..
27. Composable Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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