Pune, India, March 15, 2022 (GLOBE NEWSWIRE) -- The global hyper-converged infrastructure market size was valued at USD 5.88 billion in 2020. The market is forecast to rise from USD 6.79 billion in 2021 to USD 32.19 billion by 2028 at a CAGR of 24.9% during the forecast period 2021-2028. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “Hyper-Converged Infrastructure Market, 2021-2028.”
According to an analysis, the need for modernization of data centers will gain traction from hyper-converged infrastructure (HCI) systems. The solution is likely to be sought-after to boost cost savings and operational efficiencies. Notably, the trend of desktop virtualization has picked pace on the back of the disruptions created by the COVID-19 pandemic. Stakeholders expect disaster recovery and data protection to add impetus to the industry growth.
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Major Players Profiled in the Report:
• 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.)
COVID-19 Impact
Fluctuating Demand for HCI Solutions to Disrupt Market Growth
The COVID-19 outbreak had a negative impact on supply chain management, with the import and export of hardware solutions witnessing a major disruption. Meanwhile, end-users have exhibited profound traction for HCI software solutions. The Environmental, Social and Governance (ESG) Research Global Survey claimed that around 87% of IT managers adopted the HCI solution to boost 25% agility in 2020. Furthermore, Microsoft Corporation rolled out Azure Stack HCI solution to underpin the hybrid cloud portfolio in India.
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Segments
Component, Application, End-User, and Region Are Studied
In terms of component, the market is segmented into services and solutions.
With respect to application, the market is segregated into virtual desktop infrastructure, remote office/branch office, data protection & disaster recovery, data center consolidation, and others.
Based on end-user, the market is fragmented into banking, financial services and insurance (BFSI), healthcare, government, manufacturing, IT and telecom, and others.
On the basis of region, the market is studied across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 24.9% |
| 2028 Value Projection | USD 32.19 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 5.88 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 140 |
| Segments covered | By Component, Application, End User, andGeography |
| Growth Drivers | Increasing Demand for Data Security and Data Recovery using Advanced HCI Services Drives Market Growth |
| Rising Demand for Data Centre Consolidation with Surge in Digital Transformations Supports Growth | |
| Pitfalls & Challenges | Compatibility Issue and High Power Requirements Hinder Market Growth |
Report Coverage
The report is prepared with the use of qualitative and quantitative assessments. The report also delves into top-down and bottom-up approaches to forecast market size, revenues, and growth of major players in the landscape. The use of primary sources, such as interviews with key opinion leaders, has boosted the dynamics and insights with respect to trends. The report includes secondary sources, including SEC filings, press releases, annual reports, and paid databases.
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Drivers and Restraints
Trend for Disaster Recovery and Data Security to Bolster Growth Potentials
Industry participants are expected to inject funds into robust HCI services, including disaster recovery and data security. IBM asserts the total average cost of data security breach stood at USD 3.86 million per breach in 2020. Enterprises are likely to exhibit an inclination for hyper-converged solutions and services to minimize the risk of data security breaches. Besides, the solution has become trendier to boost performance and minimize OPEX. Stakeholders expect a high-security AMD processor suite to gain ground globally, fostering the hyper-converged infrastructure market growth.
However, stakeholders are likely to grapple with high power requirements and compatibility issues. The prevalence of workloads in a limited space could compel leading companies to rethink their strategies.
Regional Insights
North America to Emerge as a Lucrative Hub with Presence of Leading Players
The North America hyper-converged infrastructure market share will witness a commendable gain in the wake of soaring investments across HCI applications. Besides, presence of key players, such as IBM Corporation, Cisco Systems Inc., Dell Technologies, and Microsoft Corporation, will aid the regional growth. The North America industry size accounted for around USD 2.70 billion in 2020 and will grow with surging demand from government and healthcare sectors.
Europe is likely to contribute a notable share toward the global market against the backdrop of investments in digitization. To illustrate, in November 2021, the European Commission poured USD 2.24 billion from the Digital Europe Program to take a strategic step toward digital transition. Moreover, in September, Google injected approximately USD 1.13 billion in Germany to bolster cloud data centers using renewable energy sources.
Industry players expect Asia Pacific to emerge as a happy hunting ground following the expansion of BFSI and IT and telecom sectors across China, India, and Australia. Emerging economies are likely to foster their portfolio of hyper-converged infrastructure solutions and services. Besides, the trend for remote working will bode well for the business outlook.
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Competitive Landscape
Industry Participants to Invest in Product Launches to Tap Markets
Industry players are expected to increase their investments in mergers & acquisitions, R&D activities, and technological advancements as an added advantage. The competitive scenario suggests prominent companies could invest in product portfolio expansion and geographical expansion.
Key Industry Developments
- October 2020– Nutanix, Inc. launched advanced HCI software to boost innovations in the cloud and data center markets.
- June 2021– StorMagic partnered with Hivecell to launch Hivecell HCI with StorMagic SvSAN to bolster security and storage problems.
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Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Hyper-Converged Infrastructure Key Players Market Share Insights and Analysis, 2020
- Global Hyper Converged Infrastructure Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Solutions
- Services
- By Application (USD)
- Remote Office/Branch Office
- Virtual Desktop Infrastructure
- Data Center Consolidation
- Data Protection and Disaster Recovery
- Others (Server Virtualizations, Cloud Management)
- By End-user (USD)
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecom
- Manufacturing
- Government
- Healthcare
- Others (Education)
- By Region (USD)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Hyper Converged Infrastructure Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Solutions
- Services
- By Application (USD)
- Remote Office/Branch Office
- Virtual Desktop Infrastructure
- Data Center Consolidation
- Data Protection and Disaster Recovery
- Others (Server Virtualizations, Cloud Management)
- By End-user (USD)
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecom
- Manufacturing
- Government
- Healthcare
- Others (Education)
- By Country (USD)
- United States
- By End-user
- Canada
- By End-user
- Mexico
- By End-user
- United States
- South America Hyper Converged Infrastructure Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Solutions
- Services
- By Application (USD)
- Remote Office/Branch Office
- Virtual Desktop Infrastructure
- Data Center Consolidation
- Data Protection and Disaster Recovery
- Others (Server Virtualizations, Cloud Management)
- By End-user (USD)
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecom
- Manufacturing
- Government
- Healthcare
- Others (Education)
- By Country (USD)
- Brazil
- By End-user
- Argentina
- By End-user
- Rest of South America
- Brazil
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