April 15, 2021
According to the business intelligence report titled ‘GLOBAL Hyper-Converged Infrastructure Market 2019-2028’, available with Market Study Report, global hyper-converged infrastructure market is anticipated to grow at a compound annual growth rate of 24.15% during the analysis timeframe of 2019-2028.
As per the report findings, increasing establishment of data centers, escalating demand for disaster recovery as well as data protection, and rapid development of virtual desktop infrastructure are catalyzing global hyper-converged infrastructure market growth.
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Ongoing technological advancements, innovative product launches, rising disposable incomes, and strategic alliances such as acquisitions and mergers among market majors are adding substantial traction to the industry growth.
In addition to this, surging investments towards data center infrastructural overhaul and paradigm shift towards 5G network implementation are positively swaying global hyper-converged infrastructure market dynamics.
Despite the positive outlook of the industry vertical, issues pertaining to scalability and compatibility along with high costs associated with redesigning existing power distribution systems are expected to barricade business development in the forthcoming years.
From a regional angle, North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe are the key contributors of global hyper-converged infrastructure market value.
Among these, Asia-Pacific marketplace is expected to register lucrative returns over the forecast period. High concentration of cloud internet as well as telecommunication service providers, increasing investments towards infrastructural development of data centers, and rising implementation of submarine fibers are propelling the regional market expansion.
With regards to competitive scenario, Hitachi Vantara, Scale Computing Microsoft Corpo, NEC Corp, Dell Technologies Inc, Fujitsu Ltd, Cisco Systems, Inc., Nutanix Inc, Huawei Technologies Co Ltd, Hewlett Packard Enterprise Co, HiveIO Inc., IBM Corp, DataCore Software, VMware Inc, Pivot3, and NetApp, Inc are the leading firms operating in global hyper-converged infrastructure market space.