The latest market report published by Credence Research, Inc. The converged infrastructure market worldwide is estimated to expand with a CAGR of 18.6% from 2019 to 2027, starting from US$ 16.5 Bn in 2018—growth of the cloud services market
The rapid evolution of the IT landscape has led to an increasing demand for simplified and efficient solutions that cater to modern enterprise needs. Enter the Converged Infrastructure (CI) market, a sphere gaining traction as businesses realize the benefits of integrating computing, storage, and networking into a single, optimized solution. This article delves into the burgeoning promise of the CI market and what it means for future business infrastructure.
Converged Infrastructure, at its core, is an integrated technology approach. Rather than sourcing individual components from various vendors and trying to ensure they operate harmoniously, CI provides pre-configured, validated solutions. This means reduced complexity, quicker deployment times, and often, a more cost-effective approach to scaling IT infrastructure.
Several factors drive the market’s exponential growth. Firstly, there’s a growing need for data center modernization. Legacy systems, while often robust, cannot keep pace with current digital demands. With the rise in data analytics, AI, and IoT, organizations require agile and scalable solutions. CI offers this flexibility, allowing businesses to expand and contract resources based on real-time needs.
Additionally, there’s a definitive push towards reducing IT operational costs. Traditional infrastructures involve managing individual silos, leading to increased labor and inefficiencies. With CI, there’s a centralized management paradigm. This consolidation not only ensures optimal resource utilization but also cuts down on overheads and the need for specialized personnel for different IT components.
Browse the Full Report: https://www.credenceresearch.com/report/converged-infrastructure-market
However, the CI market is not without challenges. Vendor lock-in, while reduced, can still be an issue, especially when considering future expansions or changes. Moreover, CI might not be suitable for all businesses, especially those with highly specialized needs.
Yet, the advantages are palpable. Major players in the tech industry, including Cisco, Dell EMC, and Hewlett Packard Enterprise, are already offering CI solutions, signaling a strong industry endorsement. As per recent market analyses, the Converged Infrastructure market is set to witness robust growth in the coming years, further underlining its significance.
In conclusion, the Converged Infrastructure market represents the future of business IT infrastructure, balancing efficiency with flexibility. As organizations move towards an ever-evolving digital horizon, CI offers a promising bridge, merging legacy systems with modern demands.
List of Companies Covered:
Some prominent players operating in the converged infrastructure market are Nutanix, Inc., Hitachi Data Systems, Oracle Corporation, IBM Corporation, Hewlett-Packard Enterprise, Cisco System, Inc., VMware Inc., Dell EMC., Scale Computing, and NetApp, Inc., among others.
By Segmentation Type
By Type
- Reference Architecture Integrated Systems (RAIS)
- Fabric Architecture Integrated System (FAIS)
- Converged Infrastructure Component Integrated System (ICIS)
- Converged Infrastructure Workload Integrated System (WIS)
By Verticals Type
- IT and Telecommunications
- Manufacturing
- Transportation and Logistics
- Defense and government
- BFSI
- Retail
- Energy and Utilities
- Healthcare
- Other Verticals
By Geography Type
- North America (U.S. and Rest of North America)
- Europe (U.K., Germany, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
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