Press release
Explosive Growth Predicted in Hyper Converged Infrastructure Market with Key Drivers and Trends for 2024-2029
Hyper Converged Infrastructure Market
What Is The Projected Market Size Of The Global Hyper Converged Infrastructure Market And Its Growth Rate?
• Market size in 2024: $17.72 billion
• Market size in 2025: $22.42 billion (CAGR of 26.5%)
• Expected market size by 2029: $65.08 billion (CAGR of 30.5%)
This robust growth anticipated in the market can be attributed to factors including data center modernization, cost efficiency, simplified management, and increased workload demands.
What Is Driving The Growth In The Hyper Converged Infrastructure Market?
The key driver of growth in the hyper-converged infrastructure market is the development of IT infrastructure. As IT operations for businesses of all sizes seek to enhance their efficiency, the demand for hyper-converged infrastructure is on the rise. Rapid advancements in servers, Ethernet switches, and business storage solutions further fuel this growth. According to the International Data Corporation, the expenditure on IT infrastructure in 2022 reached $55.7 billion, illustrating the increasing demand for more efficient, scalable IT solutions, prompting the escalating interest in hyper-converged infrastructure.
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Who Are the Key Players Driving Hyper Converged Infrastructure Market Growth?
• 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
• StarWind Software Inc.
• Fujitsu Ltd.
• DataCore Software UK Ltd.
• IBM Technology Corp.
• Sangfor Technologies Inc.
• DataDirect Networks Inc.
• Red Hat Inc.
• Nyriad Ltd.
• Sunlight Inc.
What Are The Key Trends In The Hyper Converged Infrastructure Market?
• 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
What Are The Segments Of The Global Hyper Converged Infrastructure Market?
• By Component: Hardware, Software
• By Hypervisor: VMware, Kernel-based Virtual Machines (KVM), Hyper-V
• By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
• 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
• By End User: Banking, Financial Services, And Insurance (BFSI), IT And Telecom, Manufacturing, Government, Healthcare, Other End Users
Which Region Leads The Hyper Converged Infrastructure Market?
North America was the largest region in the hyper converged infrastructure market in 2024. However, the market is increasingly global, with notable growth across Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Hyper Converged Infrastructure Market Global Market Report?
- Market Size Analysis: Analyze the Hyper Converged Infrastructure Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hyper Converged Infrastructure Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hyper Converged Infrastructure Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hyper Converged Infrastructure Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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