Hyper-Converged Infrastructure Market

Market Overview:

The global hyper-converged infrastructure market size reached US$ 11.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 70.7 Billion by 2032, exhibiting a growth rate (CAGR) of 21.5% during 2024-2032. The rising need to manage business critical applications and run various workloads, increasing focus on modernizing data centers, and the growing demand for business automation to handle various labor-intensive tasks and increase productivity represent some of the key factors driving the market.

Hyper-converged infrastructure (HCI) is a software-associated architecture that integrates resources related to computing, storage, and virtualization in a single system consisting of x86 hardware. It comprises various servers or nodes wherein software is running to distribute multiple operating functions across the cluster for improving performance and enhancing resilience. It combines commodity data center server hardware with locally connected storage devices, such as disks and flash, and is powered by distributed software to remove common issues associated with legacy infrastructure. It helps replace the complex and expensive legacy infrastructure with a distributed platform running on industry-standard servers that allow companies to manage their workloads precisely and increase scalability. It also enables users to administer valuable tools and resources from a single interface to eliminate the requirement of servers, storage, virtualization, and storage networks. It protects the information technology (IT) infrastructure of the enterprise from weighing down data centers with sluggish arrays of complex components and preventing them from keeping up with the quick turnaround requirements of businesses. Furthermore, as it simplifies administration by presenting a single point of management, the demand for HCI is rising around the world.

Hyper-Converged Infrastructure Market Trends:

At present, the increasing demand for HCI to achieve deeper abstraction and higher automation and scalability as compared to converged infrastructure represents one of the primary factors influencing the market positively. Besides this, the rising utilization of HCI to manage business critical applications and run various workloads, such as database software, virtual desktop infrastructure, collaboration applications, analytics, remote management, and testing environments, is propelling the growth of the market. In addition, the growing demand for business automation to handle various labor-intensive tasks and increase productivity is offering a favorable market outlook. Apart from this, the escalating demand for HCI to modernize data centers and make it compatible to industry standards are contributing to the growth of the market. Additionally, the increasing utilization of desktop virtualization due to the increasing adoption of remote working practices by corporate employees is supporting the market growth. Moreover, the rising cloud computing activities of companies to delegate routine tasks and increase operational flexibility are strengthening the market growth. Furthermore, the increasing adoption of HCI by the banking, financial services, and insurance (BFSI) sector due to the rising employment of online payment methods to make cashless payments is bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hyper-converged infrastructure market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, application and end use.

Component Insights:

• Hardware
• Software
   

The report has provided a detailed breakup and analysis of the hyper-converged infrastructure market based on the component. This includes hardware and software. According to the report, hardware represented the largest segment.

Application Insights:

• Remote Office or Branch Office
• Virtualization Desktop Infrastructure (VDI)
• Data Center Consolidation
• Backup Recovery/Disaster Recovery
• Critical Applications Virtualization
• Others
   

A detailed breakup and analysis of the hyper-converged infrastructure market based on the application has also been provided in the report. This includes remote office or branch office, virtualization desktop infrastructure (VDI), data center consolidation, backup recovery/disaster recovery, critical applications virtualization, and others. According to the report, data center consolidation accounted for the largest market share.

End Use Insights:

• BFSI
• IT and Telecommunications
• Government
• Healthcare
• Manufacturing
• Energy and Utilities
• Education
• Others
   

A detailed breakup and analysis of the hyper-converged infrastructure market based on the end use has also been provided in the report. This includes BFSI, IT and telecommunications, government, healthcare, manufacturing, energy and utilities, education, and others. According to the report, BFSI accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for hyper-converged infrastructure. Some of the factors driving the Asia Pacific hyper-converged infrastructure market included the growing focus on server virtualization, increasing demand for infrastructure-as-a-service (IaaS) solutions, rising utilization of cloud computing, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global hyper-converged infrastructure market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Cisco Systems Inc., DataCore Software Corporation, Dell Technologies Inc., Hewlett Packard Enterprise Company, Hitachi Vantara Corporation, Huawei Technologies Co., Ltd., International Business Machines Corporation, Microsoft Corporation, NetApp Inc., Nutanix Inc., Quantum Corporation, Scale Computing, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the hyper-converged infrastructure market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global hyper-converged infrastructure market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the hyper-converged infrastructure industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.