Converged Data Platform is a platform that is used for reducing the compatibility problems between network devices, storage systems, and servers by decreasing the cost of floor space, cooling and cabling.
Converged data platform offers scalable architecture maintenance to various platforms which includes data services telephony and video through particular device. Converged data platform perform many roles such as VPN, voice switching, enterprise routing, WAN and Wi-Fi access.
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According to the latest research, the Converged Data Platform market is estimated to witness growth with an expected CAGR of around 15%. The converged data platform adoption is increasing due to growing need for data protection and disaster recovery.
Converged infrastructure is an IT framework that combines elements like storage, computing, hypervisor, and networking in single system. Adoption of converged infrastructure helps to reduce data complexity and increase scalability. Converged uses software and x86 servers to replace expensive and purpose-built hardware. Convergence simplifies the planning process and deploying virtual desktop infrastructure in organizations.
It eliminates the up-front design and integration required when large virtual desktop infrastructure systems are deployed. Convergence helps to ease the management of the entire system and improve the performance of virtual desktop infrastructure.
Implementation of virtual desktop infrastructure in a traditional infrastructure is a complex process. But it is easier to implement virtual desktop infrastructure in converged infrastructure as hyper convergence has the ability to add or remove nodes.
Converged data platform is deployed in order to ensure that expensive and mission critical security systems are functioning efficiently. In this instance, IT converged data platform refer to network monitoring tools.
One such example is firewall, which protects user’s data and enables secure Internet connectivity. Companies such as Animate Inc. and LexCloud.ca frequently identify and fix problems with client firewalls before these problems are detected at firms being monitored
Converged data platform facilitates reduction in downtime and investigation time when problems do occur. With enterprises striving to avoid financial losses caused by undetected system failures, they are readily adopting a number of converged data platform for various stages of operations.
Converged data platform facilitates deployment of new technologies and upgradation of infrastructure with safety and ease. This improves enterprises’ time to market for new strategies and product introduction. Rapid and successful deployment of operations with better monitoring capability, coupled with pre- and post-tests, improves initial performance and reduces deployment time.
Deployment of new technologies involves changes to infrastructure, posing significant financial risks to enterprises. Thus the advantages offered by converged data platform such as readiness assessments, bandwidth measurements, traffic composition, outsourced performance levels, and server utilization are expected to drive growth of the market during the forecast period.
All these performance management quantifiers facilitate reduction of time to market and tones down the financial risk induced by changes to the enterprises’ IT infrastructure.
In North America, the adoption of desktop-as-a-service started with small and medium sized organizations migrating to this service model primarily through evolution of their service partner delivering hosting and managed desktop services. Most of the DaaS vendors entered in the market and are partnering with the converged data platform vendors to leverage platform agility and offer customer choice.
However, for security and compliance requirements, organizations will require dedicated hosting platforms. So most of the converged data platform providers in the region are focusing on offering converged data platform with enhanced security options. This strategy can help the vendors to enhance customer base and end user experience in order to reach new growth avenues.
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With the growing adoption of cloud computing solutions and improved cloud readiness ranking of countries in South Asia Pacific, the converged data platform market is expected to witness potential growth opportunities in this region.
Also, this region is witnessing rapid growth in IT infrastructure and rising penetration of smart devices and internet. Therefore, converged data platform providers can focus on expanding their operations in countries of this regions to reach new growth avenues.
Some of the leading Converged Data Platform providers include
These vendors have adopted various key strategies, to enhance the customer base globally and locally. Companies are also spending millions of dollars into product R&D to fulfill the unmet needs of their customers. Furthermore, many companies are focusing on inorganic strategies by acquiring small and mid-sized organizations present in this market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
| Market Value (2023) | USD 9,843.5 million |
|---|---|
| Market Value (2033) | USD 29,959.8 million |
| Market Projected CAGR (2023 to 2033) | 11.4% |
| Market Size (2022) | USD 5,127 Million |
|---|---|
| Market Size (2032) | USD 19,235 Million |
| Market CAGR (2022 to 2032) | 14.1% |
| Estimated Size, 2021 | USD 20,678.2 million |
|---|---|
| Projected Size, 2031 | USD 140,022.2 million |
| Value-based CAGR (2021 to 2031) | 22.0% |
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Converged Data Platform Market
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