June 21, 2021
According to the recent research report titled ‘GLOBAL Hyper-Converged Infrastructure Market 2019-2028’, available with Market Study Report, global hyper-converged infrastructure market is expected to showcase a hefty CAGR of 24.15% over 2019-2028.
Mounting demand for data protection and disaster recovery solutions along with increasing number of data centers are the key factors catalyzing global hyper-converged infrastructure market growth. Surging demand from virtual desktop infrastructure and cost saving benefit of the hyper-converged infrastructure are also adding significant traction to the overall market development.
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Moreover, heightened investments data center infrastructure, as well as in edge computing technology on account of 5G rollout are also contributing to the industry progression.
Speaking of the restraints, issues with scalability and problems with cloud compatibility are negatively impacting the industry expansion. In addition, implications of COVID-19 pandemic on hyper-converged infrastructure, along with additional expense of redesigning power distribution in existing facilities are also proving to be major challenges for businesses in this domain.
Based on components, global hyper-converged infrastructure market is split into software and hardware. As per end user scope, the industry segmentation comprises virtualizing critical applications, backup recovery/ disaster recovery, data center consolidation, virtualization desktop infrastructure, remote office/ branch office, and others.
Moving on to industry vertical, the market is categorized into energy & utilities, education, manufacturing, healthcare, government, IT & telecommunication, banking, finance, and service industry, and others.
Elaborating on the regional terrain, Middle East & Africa, North America, Asia Pacific, Latin America, and Europe are the key contributors to the market growth. Among these regions, Asia Pacific industry is poised to gain notable returns over the coming years, owing to economies like Hong Kong and China accounting for major data center operations in the region.
Moreover, strong presence of several cloud, internet, and telecommunications service providers have led to increased data center investment in China. Furthermore, as China's demand for cloud-based services grows, expenditures are expected to increase during the projection period.
Meanwhile, Hong Kong has earned the distinction of being one of the world's leading data center hubs, since the data center market has seen a surge in investment value year over year. Besides, an increase in undersea fiber cable deployment is expected to enhance the regional market outlook.
Prominent players operating in global hyper-converged infrastructure industry are VMware Inc., Datacore, Nutanix Inc., Huawei Technologies Co. Ltd., Dell Technologies Inc., HiveIO Inc., Hewlett Packard Enterprise Co., Cisco Systems Inc., Fujitsu Global, NEC Corp., Hitachi Vantara LLC, Microsoft Corporation, IBM Corporation, Pivot3, Scale Computing, and Netapp Inc.