Global Hyper-Converged Infrastructure Market
Dublin, Dec. 26, 2022 (GLOBE NEWSWIRE) -- The "Hyper-Converged Infrastructure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global hyper-converged infrastructure market size reached US$ 7.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 29.4 Billion by 2027, exhibiting a CAGR of 25.57% during 2021-2027.
Hyper-converged infrastructure (HCI) is a software-centric, unified system that combines and transforms elements, such as storage, computer, network, and management, of a traditional data center into a distributed platform. It relies on intelligent software components to create flexible building blocks that replace legacy infrastructure of separate servers and storage networks and arrays. Presently, service providers are offering advanced features, such as broad flexibility to ensure a shared operating environment across hybrid cloud using existing virtualization tools. As a result, organizations across the globe are incorporating HCI into their core business processes for better storage, great scaling ability, and enhanced information technology (IT) efficiency.
Hyper-Converged Infrastructure Market Trends:
Due to the global outbreak of coronavirus disease (COVID-19) and the resulting lockdown restrictions imposed by governing agencies of numerous countries, there is a significant rise in the need for HCI to keep businesses running. HCI solutions provide an agile IT platform that enables employees to work remotely. Healthcare organizations are also utilizing HCI solutions to manage vaccine-related data requirements.
Additionally, the growing prevalence of chronic diseases and easy access to medical services is resulting in an increasing volume of data. This, in confluence with digital transformation in the healthcare industry, is further catalyzing the demand for HCI solutions to overcome the challenges of data access and improve staff login times.
Moreover, the emerging automation trend is driving the need for HCI solutions in small and medium-sized enterprises (SMEs) as they eliminate manual processes and improve storage capabilities. Apart from this, the growing use of online banking services is influencing the adoption of HCI in the banking, financial services, and insurance (BFSI) sector worldwide for seamless work experience.
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (Billion) in 2021 | Billion7.5 Billion |
| Forecasted Market Value (Billion) by 2027 | Billion29.4 Billion |
| Compound Annual Growth Rate | 25.5% |
| Regions Covered | Global |
Key Market Segmentation:
The publisher 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 2022-2027. Our report has categorized the market based on component, application and end use.
Breakup by Component: