The global Composable Infrastructure Market is estimated to be valued at US$ 2433.50 Mn in 2021 and is expected to exhibit a CAGR of 25% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Composable infrastructure refers to an advanced approach for managing data center resources, where compute, storage, and networking resources are treated as software-defined services. This allows for greater flexibility, scalability, and agility in deploying and managing resources in data centers. Composable infrastructure offers several advantages such as reduced hardware footprint, improved resource utilization, faster deployment of applications, and simplified management of resources. As organizations are increasingly adopting software-defined data centers to meet the growing demand for scalable and agile infrastructure, the implementation of composable infrastructure solutions is expected to witness significant growth.
Market Key Trends:
One key trend in the composable infrastructure market is the increasing adoption of hyper-converged infrastructure (HCI) solutions. HCI integrates compute, storage, and networking capabilities into a single integrated system, providing a simplified and easily scalable infrastructure. It offers several advantages such as reduced complexity, improved resource utilization, and simplified management. With the growing need for flexible and scalable infrastructure solutions, the adoption of HCI solutions is expected to witness substantial growth in the composable infrastructure market.
Please note that this report does not cover information about specific key players in the market, even though data on key players is provided.
PEST Analysis:
Political: The political landscape plays a crucial role in shaping the composable infrastructure market. Governments across the globe are increasingly emphasizing digital transformation and investing in technology infrastructure. Policies related to data protection, cybersecurity, and regulations surrounding cloud computing can significantly impact the industry.
Economic: The composable infrastructure market is expected to experience robust growth due to various economic factors. The increasing adoption of cloud-based solutions, rising demand for scalable IT infrastructure, and cost-effective data storage solutions are key drivers contributing to the market's growth.
Social: Social factors such as changing consumer preferences and behavior also influence the composable infrastructure market. The need for flexibility, agility, and scalability in IT infrastructure aligns with the evolving customer demands. Additionally, the growing focus on sustainability and environmentally friendly solutions is expected to shape the market's direction.
Technological: Technological advancements are at the forefront of the composable infrastructure market. The emergence of software-defined infrastructure, hyper-converged infrastructure, and advanced networking solutions has revolutionized the IT landscape. The integration of artificial intelligence, machine learning, and automation are expected to drive further growth in the market.
Key Takeaways:
The global Composable Infrastructure Market Share is expected to witness high growth, exhibiting a CAGR of 25% over the forecast period of 2022-2030. The increasing demand for flexible and scalable IT infrastructure solutions, the rising adoption of cloud-based technologies, and the need for efficient data management drive the market's growth. Additionally, governments' focus on digital transformation and technological advancements contribute to market expansion.
In terms of regional analysis, North America is anticipated to be the fastest-growing and dominating region in the composable infrastructure market. The presence of major technology companies, early adoption of advanced infrastructure solutions, and robust IT infrastructure development are key factors driving growth in this region. Furthermore, the increasing investments in cloud computing and big data analytics further propel market growth in North America.
Key players operating in the composable infrastructure market include NetApp Inc., Nutanix Inc., Dell EMC (Dell Technologies Inc.), Hewlett Packard Enterprise Co., Juniper Networks Inc., Western Digital Corp., Lenovo Group Limited, Liqid Inc., Fungible Inc., and TidalScale Inc. These key players offer innovative solutions, invest in research and development, and engage in strategic partnerships to maintain a competitive edge in the market.
Overall, the composable infrastructure market is poised for significant growth driven by technology advancements, rising demand for flexible IT infrastructure, and increased digital transformation initiatives. The North American region, along with the presence of key market players, is expected to lead the market's expansion.
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