Hyper Converged Infrastructure Market Expected to Reach $30.3 Billion, at a CAGR of 20.6%| pre & post COVID-19 market estimates

Meticulous Research®– a leading global market research company published a research report titled “Hyper-Converged Infrastructure Systems Market By Component, Application (Virtualizing Applications, ROBO, Data Protection Disaster Recovery, VDI, Data Center Consolidation), Organization Size, and Industry Vertical– Global Forecast To 2027”.

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According to this latest publication from Meticulous Research®, the Hyper-Converged Infrastructure (HCI) Systems Market is expected to grow at a CAGR of 20.6% from 2020 to reach $30.3 billion by 2027.

Impact of COVID-19 on the Hyper-converged Infrastructure Systems Market

The growth of the market is majorly attributed to factors, such as the growing need for enhanced data protection and disaster recovery solutions, increasing demand for enhancing IT operations, and growing need to reduce operating costs & improve the scalability of infrastructure. The increasing number of data centers and the growing need for reducing the footprints in data centers are expected to offer immense opportunities for the HCI systems market over the coming years. Apart from this, the integration of AI in data center services is the new trend in the HCI systems market. However, high setup costs in developing countries and the global impact of COVID-19 on the industry vertical have obstructed this market’s growth.

The Hyper-Converged Infrastructure (HCI) Systems Market study presents historical market data (2018 & 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on component, application, vertical, organization size, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

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Based on component, the hyper-converged infrastructure (HCI) systems market is segmented into hardware, software, and services. The hardware segment is estimated to account for the largest share of the overall hyper-converged infrastructure systems market in 2020. The large share of the segment is mainly attributed to the increasing demand for HCI systems to reduce ITinfrastructure costs and streamline processes & operations and increasing demand for robust and cost-effective devices, including servers, storage, and networking devices among business enterprises to strengthen their IT infrastructure. However, the services segment is slated to register the highest CAGR during the forecast period due to operations. the increasing demand for cloud services for IT

Based on application, the hyper-converged infrastructure (HCI) systems market is segmented into virtualizing critical applications, remote office and branch office (ROBO), data protection and disaster recovery solutions, data center consolidation, virtualization desktop infrastructure (VDI), and private & hybrid cloud. Among these, the data center consolidation segment is estimated to account for the largest share of the overall hyper-converged infrastructure system market in 2020. The large share of the segment is mainly attributed to the benefits offered by HCI systems, including data reduction features such as deduplication and compression. Also, the need to reduce the requirement of separate backup software, deduplication machines, and storage array, such as SSD RAID (solid-state drive RAID), further contributes to the segment growth.

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Based on organization size, the hyper-converged infrastructure (HCI) systems market is segmented into large enterprises and small & medium-sized enterprises. The large enterprises segment is estimated to account for the largest share of the overall hyper-converged infrastructure system market in 2020. The large share of the segment is mainly attributed to the increasing HCI adoption for applications, including VDI, data protection & disaster recovery solutions, and ROBO, and increasing focus on improving remote access. The need to reduce capital, operational expenditure, and enhance disaster recovery & data protection capability further contributes to the segment growth. However, the small & medium-sized enterprises segment is slated to register the highest CAGR during the forecast period due to the growing need to enhance overall business productivity, improve scalability, and cost-efficiency of IT infrastructure.

Based on vertical, the hyper-converged infrastructure (HCI) systems market is segmented into healthcare, manufacturing, energy, retail, banking, financial services, and insurance (BFSI), IT and telecom, and others (oil & gas, education, government). Among these, the IT and telecom sector is estimated to account for the largest share of the overall hyper-converged infrastructure system market in 2020. The large share of the segment is mainly attributed to the increasing number of data centers, growing demand to increase IT operational efficiency, growing data center traffic, surging need for effective monitoring of projects, and reduced technology infrastructure cost. However, the banking, financial services, and insurance (BFSI) sector is slated to register the highest CAGR during the forecast period due to the surging demand for cloud-based solutions, increase in demand for data center transformation services, rise in security breaches targeting business applications, and growing need to streamline the deployment of new workloads, reduce IT costs, & optimize infrastructure.

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Key questions answered in the report-

Which are the high growth market segments in terms of component, application, vertical, organization size, and countries?
What was the historical market for hyper-converged infrastructure systems market (HCI) across the globe?
What are the market forecasts and estimates for the period 2020-2027?
What are the major drivers, restraints, opportunities, and trends in the hyper-converged infrastructure systems market?
Who are the major players and their share in the hyper-converged infrastructure systems market?
How is the competitive landscape in the hyper-converged infrastructure systems market?
What are the recent developments in the hyper-converged infrastructure systems market?
What are the different strategies adopted by the major players in the hyper-converged infrastructure systems market?
What are the key geographic trends, and which are the high-growth countries?

Geographic Review:

Geographically, the hyper-converged infrastructure (HCI) systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East &Africa. The North American region is estimated to account for the largest share of the global hyper-converged infrastructure (HCI) systems market in 2020. The large share of this segment is mainly attributed to the presence of major players along with several emerging startups in the region, early adoption of the latest technologies and government investments in advanced technologies, rising demand from the VDI for training and education purposes, and growing need for reducing the footprints in data centers. Besides, other factors such as increasing demand for cloud-based services to enhance IT operations and increasing focus on improving remote access and strengthening the enterprise mobility framework are further supporting the market growth in this region.

However, Asia-Pacific is expected to witness rapid growth during the forecast period, driven by the rapid adoption of VDI and server virtualization in data centers, increasing number of datacenters, and growing need to reduce operating cost. In addition, the rising focus on digitalization with technological advancements, including artificial intelligence & cloud-based solutions, and growing demand to improve infrastructure scalability are some of the major factors driving the growth of the HCI market in APAC.

Key Players:

The key players operating in the hyper-converged infrastructure systems market are Nutanix, Inc. (U.S.), Dell Technologies, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), VMware, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Microsoft (U.S.), IBM Corporation (U.S.), Fujitsu Limited (Japan), DataCore Software (U.S.), Pivot3, Inc. (U.S.), NetApp, Inc. (U.S.), Hitachi Vantara LLC (U.S.), NEC Corporation of America (NEC Corporation) (Japan), and Scale Computing (U.S.) among others.

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