the global hyper-converged infrastructure market was estimated to be worth USD 5.88 billion In 2021. During the projection period 2021-2028, the market is expected to grow at a CAGR of 24.9 percent, from USD 6.79 billion in 2021 to USD 32.19 billion in 2028. In its recent research study, “Hyper-Converged Infrastructure Market, 2022-2028,” Zion Market Research delves deep into these findings.
According to a study, the need for data centre modernization would be fueled by hyper-converged infrastructure (HCI) solutions. The solution is anticipated to be in demand in order to increase cost savings and operational efficiencies. Notably, the trend of desktop virtualization has accelerated as a result of the COVID-19 pandemic’s interruptions. Disaster recovery and data security are expected to boost the industry’s growth, according to stakeholders.
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Impact of COVID-19
Market Growth to be Disrupted by Fluctuating Demand for HCI Solutions
The COVID-19 outbreak had a significant influence on supply chain management, causing major disruptions in the import and export of hardware solutions. Meanwhile, end-users have shown a strong interest in HCI software solutions. According to the Environmental, Social, and Governance (ESG) Research Global Survey, around 87 percent of IT managers have selected the HCI solution to increase agility by 25% by 2020. In addition, Microsoft Corporation launched the Azure Stack HCI solution in India to support its hybrid cloud portfolio.
Coverage of the Report
The study is based on both qualitative and quantitative evaluations. The paper also examines top-down and bottom-up methodologies to forecasting market size, revenues, and growth of the landscape’s major participants. The use of primary sources, such as interviews with major thought leaders, has improved trend dynamics and insights. Secondary sources included in the research include SEC filings, press releases, annual reports, and paid databases.
Restraints and Drivers
Disaster Recovery and Data Security are on the rise as a way to boost growth prospects.
Participants in the industry are likely to invest in robust HCI services, such as disaster recovery and data security. According to IBM, the total average cost of a data security breach in 2020 was USD 3.86 million per breach. To reduce the danger of data security breaches, businesses are more likely to go for hyper-converged solutions and services. Furthermore, the solution has become more popular as a way to improve performance while lowering OPEX. Stakeholders anticipate that a high-security AMD processor suite will acquire traction across the globe, boosting the hyper-converged infrastructure business.
Stakeholders, on the other hand, are likely to face significant power requirements and compatibility concerns. The occurrence of multiple workloads in a small location may force leading organisations to reconsider their strategies.
The hyper-converged infrastructure market is segmented in this report to forecast revenues and evaluate trends in each of the following segments:
By product Type
● Cloud-based
● On-premises
By Application
● Manufacturing
● Retail
● Financial
● Government
● Others
Companies profiled in the global Hyper-Converged Infrastructure Market Dell Technologies (Texas, U.S.), VMware Inc. (California, U.S.), Nutanix Inc. (California, U.S.), Cisco Systems Inc. (California, U.S.), Hewlett Packard Enterprise Company (Texas, U.S.), StorMagic (Bristol, U.K.), Huawei Technologies Co., Ltd (Shenzhen, China), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington, U.S.), Scale Computing (Indiana, U.S.)
Regional Perspectives
With the presence of major players, North America will emerge as a lucrative hub.
In the wake of surging investments across HCI applications, the North American hyper-converged infrastructure market share will see a respectable increase. Furthermore, the presence of major companies such as IBM Corporation, Cisco Systems Inc., Dell Technologies, and Microsoft Corporation would help the region thrive. The North American industry was worth roughly USD 2.70 billion in 2020, and it will continue to expand as demand from the government and healthcare sectors increases.
Trends in the Industry
• In October of 2020, Nutanix, Inc. has released enhanced HCI software to help accelerate cloud and data centre innovation.
• StorMagic teamed up with Hivecell to introduce Hivecell HCI with StorMagic SvSAN in June 2021, addressing security and storage issues.
Read more at : https://www.zionmarketresearch.com/news/hyper-converged-infrastructure-market
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