The global Composable Infrastructure Market is estimated to be valued at US$ 2,433.50 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 a software-defined IT infrastructure that enables organizations to deploy and manage any workload on a flexible and dynamic pool of resources. It allows for the efficient utilization of resources, reduces IT complexity, and enhances scalability and agility. The need for composable infrastructure solutions has arisen due to the growing demand for agile IT infrastructure that can support evolving business needs and drive digital transformation initiatives.
Market Key Trends:
One key trend in the composable infrastructure market is the increasing adoption of hyper-converged infrastructure (HCI) solutions. HCI combines compute, storage, and networking into a single virtualized platform, simplifying IT management and reducing hardware costs. The rise in data-intensive workloads, the need for faster data processing, and the demand for scalable and flexible infrastructure are driving the adoption of HCI solutions in various industries. HCI solutions offer benefits such as improved performance, simplified management, and cost savings, thereby contributing to the growth of the composable infrastructure market.
Porter’s Analysis
· Threat of New Entrants: The composable infrastructure market is highly competitive, with the presence of established players and high entry barriers. The technology and expertise required to develop and provide composable infrastructure solutions act as a significant deterrent for new entrants. Additionally, the market is already saturated with several key players who have a strong foothold and brand recognition.
· Bargaining Power of Buyers: The buyers in the composable infrastructure market have significant bargaining power due to the availability of various options and the highly competitive nature of the market. The buyers can easily switch between vendors based on their specific requirements and preferences, leading to intense price competition among the key players.
· Bargaining Power of Suppliers: The bargaining power of suppliers in the composable infrastructure market is relatively low. This is attributed to the fact that there are multiple suppliers offering similar products and services, resulting in increased competition. Moreover, the market is characterized by the presence of various hardware and software vendors, giving buyers the flexibility to choose from a diverse range of suppliers.
· Threat of New Substitutes: The threat of new substitutes in the composable infrastructure market is relatively low. Composable infrastructure offers unique advantages such as increased flexibility, scalability, and agility that traditional infrastructure solutions cannot replicate easily. The high switching costs associated with adopting new substitutes also act as a barrier for customers to switch from composable infrastructure.
· Competitive Rivalry: The composable infrastructure market is highly competitive, with key players continuously striving to gain a competitive edge. The market is dominated by established players such as NetApp Inc., Nutanix Inc., and Dell EMC, who have a significant market share. The intense competition among the key players leads to extensive R&D activities, innovation, and aggressive marketing strategies to attract and retain customers.
Key Takeaways
The Global Composable Infrastructure Market Size is expected to witness high growth, exhibiting a CAGR of 25% over the forecast period (2022-2030). This growth is primarily driven by increasing demand for highly flexible and scalable infrastructure solutions in various industries, including IT and telecom, healthcare, and manufacturing. The ability of composable infrastructure to simplify IT infrastructure management and reduce costs is also contributing to market growth.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the composable infrastructure market. The presence of major players, increasing investment in advanced infrastructure technologies, and rapid adoption of cloud computing are driving the growth of this market in the region.
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 are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position and gain a competitive advantage.
In conclusion, the composable infrastructure market is poised for significant growth due to increasing demand for flexible and scalable infrastructure solutions. The intense competition among the key players, the bargaining power of buyers, and the threat of new entrants and substitutes are crucial factors that shape the dynamics of this market. The regional analysis highlights North America as the primary market for composable infrastructure, and the key players in the market are continually investing in R&D and strategic collaborations to stay ahead in the competitive landscape.
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