Global Hyper Converged Infrastructure Market – Industry AnalysisMarch 22, 2021 ⚊ 4 Min read ⚊ Views 305 ⚊ BUSINESS
Global Hyper-Converged Infrastructure Market was valued at US$ 3.90 Bn in 2017 and is expected to grow US$ 16 Bn by 2026, at a CAGR of 19.3% during the forecast period. The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Hyper-Converged Infrastructure Market by Geography Hyper-converged infrastructure is a software-based information technology (IT) infrastructure in which several elements of storage and compute components are improved for working together on a single service appliance supported by one single vendor. Hyper-converged infrastructure system limits the necessity of making the individual purchases of different servers, virtualization software that is running on those servers, and different management tools. Also, the HCI system reduces the requirements for the installation of separate network-attached storage (NAS) or storage-area network (SAN). So, a hyper-converged infrastructure system reduces the overall operating cost of an infrastructural system. The market of the hyper-converged infrastructural systems is at the emerging stage at present and is expected to grow at an exponential rate in the coming years due to the implementation of virtual desktop infrastructure (VDI) across various application sectors. The industry is expected to witness remarkable growth, due to increasing demand to enhance IT operational efficiency, improve data protection, reduce IT costs. Demand for HCI is expected to increase in various verticals, like BFSI, healthcare, IT & telecom, and government sectors, among others, considering its benefits over the traditional converged infrastructure. Hyper-converged infrastructure is widely used in mid and large size enterprises for virtual desktop infrastructure projects, largely because of their ability to eliminate the complexity during implementation and concerns regarding SAN-based storage solutions. It also reduces overall cost in comparison with the traditional converged architecture. Different workloads run on these solutions and are changing with time. This changing workload within the industry is estimated to expand even further during the forecast period as organizations are focusing on expanding the use of HCI systems. Increasing awareness of data management at a reduced cost of ownership is one of the major factors driving the growth of the hyper-converged infrastructure market. Also, the rising focus toward server virtualization, VDI, and the popularity of consuming infrastructure-as-a-service solutions are other major factors driving the market growth. North America is holding the largest market share across the world followed by Europe and the Asia Pacific regions. The region has a well-recognized infrastructure which is allowing faster implementation of advanced technology. Growth in North America is majorly controlled by the U.S. due to the increasing demand for hyper-converged infrastructure applications. Also, the growing demand for hyper-converged solutions across several industry verticals is further fuelling the growth of the market. Key players operating in the market include Vmware Inc., Nutanix Inc., Simplivity Corporation, Scale Computing, Pivot3, Maxta Inc., Nimboxx Inc., Cisco Systems, Inc., Gridstore, Inc., and Hewlett Packard Enterprise Company. visit at-https://www.maximizemarketresearch.com/market-report/global-hyper-converged-infrastructure-market/23577/ Scope of the Global Hyper-Converged Infrastructure Market: Global Hyper-Converged Infrastructure Market by Application: • Virtualization • Cloud Computing • Data Center Consolidation • Data Protection • Others Global Hyper-Converged Infrastructure Market by End-Use: • IT & Telecom • Financial Services • Healthcare & Life Sciences • Government • Media & Entertainment • Others Global Hyper-Converged Infrastructure Market by Geography: • North America • Asia-Pacific • Europe • Latin America • Middle East & Africa Key Players Operated in the Market Include: • Vmware Inc. • Nutanix Inc. • Simplivity Corporation • Scale Computing • Pivot3 • Maxta Inc. • Nimboxx Inc. • Cisco Systems, Inc. • Gridstore, Inc. • Hewlett Packard Enterprise Company About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.