Global Hyper Converged Infrastructure Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

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.

Sizing and Forecast
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..

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Segmentation & Regional Insights
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

North America was the largest region in the hyper converged infrastructure market in 2023. The regions covered in the hyper converged infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market 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.

Key Industry Players
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 hyper converged infrastructure market report table of contents includes:
1. Executive Summary

2. Hyper Converged Infrastructure  Market Characteristics

3. Hyper Converged Infrastructure  Market Trends And Strategies

4. Hyper Converged Infrastructure  Market - Macro Economic Scenario

5. Global Hyper Converged Infrastructure  Market Size and Growth
.
31. Global Hyper Converged Infrastructure  Market Competitive Benchmarking

32. Global Hyper Converged Infrastructure  Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hyper Converged Infrastructure  Market

34. Hyper Converged Infrastructure  Market Future Outlook and Potential Analysis

35. Appendix

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