Surging from USD 10,201.5 million in 2023, the global converged infrastructure management market is expected to garner USD 44,745 million in 2033. From 2023 to 2033, the market is anticipated to expand at a CAGR of 15.9%, against 13.8% from 2018 to 2022.
Increasing demand for better IT operational functioning, enhanced data protection, and reduced IT costs are some of the major factors contributing to the market growth during the forecast period.
| Data Points | Key Statistics |
|---|---|
| Expected Base Year Value (2022) | USD 8,925.2 million |
| Projected Market Value (2023) | USD 10,201.5 million |
| Anticipated Forecast Value (2033) | USD 44,745 million |
| Estimated Growth Rate (2023 to 2033) | 15.9% CAGR |
Growing demand to advance the data centers with the help of converged infrastructure is expected to benefit the market during the forecast period. Key players in the industry are focusing to develop the converged infrastructure to augment their business reach, which will benefit the industry during the assessment period.
Microsoft Corporation announced the release of a sophisticated Hyper-converged Infrastructure Azure Stack Solution in February 2021, with the benefit of price performance and scalability. It includes native Azure hybrid capabilities and may be used to modernize and consolidate data centers. As a result of such factors, the sector is expected to develop greatly in the next years.
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The global demand for converged infrastructure management is projected to increase at a CAGR of 22.2% during the forecast period between 2022 and 2032, reaching a total of USD 65,048.6 Million in 2032, according to a report from Future Market Insights (FMI). From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 20.1%.
The primary reasons driving the converged infrastructure management market are the rising need for data security advancements, the aging of traditional data centers, IT operational efficiency, and cost reduction in IT. Cloud-based convergent infrastructure solutions have enhanced the number of options for enterprises, fuelling market development.
The benefits of converged infrastructure include advances in commercial services given by giving streamlined access to the cloud. Factors limiting the growth of the converged infrastructure management market include restricted flexibility, high costs, and a lack of awareness regarding converged infrastructure management solutions.
Digital Transformation in End-User Industries to Drive Demand
Increasing adoption of converged infrastructure solutions for digital transformation in end-user sectors such as e-commerce, retail, IT & Telecom, and others, are expected to benefit the market in the coming time. For instance, in June 2019, HP launched converged infrastructure solutions to assist businesses to implement applications and operate in a complication-free environment.
Players in the market are launching various technologies and solutions to enhance their storage capacities, which is anticipated to drive market growth during the forecast period. In November 2021, VMware launched software-defined HCI Mesh Solutions.
The modern solution provides implementation flexibility to compute and storage disaggregation and boosts native file services capacity. Such factors are anticipated to augment the market size in the forecast period.
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High Power Requirements to Hinder Market Augmentation
High power requirements for integrated infrastructure management are projected to stymie market expansion throughout the forecast period. Other obstacles such as high costs, a lack of knowledge, and restricted flexibility are expected to stymie business expansion in the next years.
However, cloud-based converged infrastructure solutions are expected to counter the hampering factors and act as a salient opportunity for the market in the forecast period.
Prevalence of Gigantic Players to Widen Growth Prospects
North America is expected to lead the worldwide converged infrastructure management market throughout the forecast period, according to the report. The region is expected to have 40.5% by 2022. The prevalence of gigantic players can be linked to the region's dominance. Dell Technologies, Cisco Systems, IBM Corp, and Microsoft Corp, among others, are expected to play a large part in the industry's development.
Furthermore, activities by companies are expected to increase market size shortly. For example, in April 2021, Microsoft Corporation announced a strategic agreement with Malaysian local organizations and government agencies to invest USD 1 billion in the country to establish a new data center. Because of these reasons, North America is expected to continue its dominant position over the projection period.
Region's Established Companies' Quick Digital Transformation Activities to Boost Market Growth
According to the research, Europe will be the second-largest regional market in the worldwide integrated infrastructure management industry. Europe is anticipated to have around 21.7% of the worldwide market share by 2022.
The market's expansion may be ascribed to the region's established companies' quick digital transformation activities. The adoption of beneficial measures by the governments of several European nations is another element driving market expansion.
For example, in November 2021, the European Commission announced the establishment of the Digital Europe Programme, which would receive D2.24 billion in financing to digitally change the region's businesses. As a result, the region is likely to grow dramatically in the next years.
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The BSFI Segment to Have the Highest Demand
The BFSI accounted for one-fourth of the market. Hyper-converged systems check all the boxes in the banking, financial services, and insurance (BFSI) business, such as lowering infrastructure management time while also providing infrastructure scalability, availability of important workloads, and disaster recovery (DR).
Furthermore, these solutions address the issue of single-vendor networking infrastructure. As a result, the use of HCI in BFSI is projected to increase in the next years. Thus, by vertical, the BFSI is expected to grow at a 19% CAGR in the converged infrastructure management market in the sales indicator period 2022 to 2032.
Some of the developing companies that might enhance market growth over the projected period are Nutanix, SimpliVity, Scale Computing, Pivot3, Skyport Systems, Coho Data, Sunlight, StarWind Software, Springpath, and Hypergrid.
Dell Inc., Egenera Inc., IBM Corporation, Avnet Inc., Amazon Inc., Microsoft Corporation, Hitachi Data Systems Corporation, Hewlett NetApp, Packard Enterprises, Melillo Consulting, Cisco Systems Inc., ACS, CTC Global Pte Ltd., CA Technologies, MTI, and Conres IT Solutions are key players in the global converged infrastructure management market.
Recent Developments In The Converged Management Infrastructure Management Market
| Report Attribute | Details |
|---|---|
| Growth Rate | 15.9% CAGR from 2023 to 2033 |
| Market Value in 2023 | USD 10,201.5 million |
| Market Value in 2033 | USD 44,745 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Verticals, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Turkey |
| Key Companies Profiled | Dell Inc.; Egenera Inc.; IBM Corporation; Microsoft Corporation; Amazon Web Services; Avnet Inc.; Hitachi Data Systems Corporation; Hewlett NetApp; Packard Enterprises; Melillo Consulting; Cisco Systems Inc.; ACS; CTC Global Pte Ltd.; CA Technologies; MTI; Conres IT Solutions |
| Customization Scope | Available upon Request |
The projected CAGR of the converged infrastructure management market by 2033 is 15.9%.
The projected market value by 2033 is USD 44,745 million.
The market is estimated to secure a valuation of USD 10,201.5 million in 2023.
The IT industry is the key consumer of the converged infrastructure management market.
The opportunities in the converged infrastructure management market are increased demand for cloud-based solutions.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Reference Architecture Integrated Systems (RAIS) 5.2. Fabric Architecture Integrated System (FAIS) 5.3. Converged Infrastructure Component Integrated System (ICIS) 5.4. Converged Infrastructure Workload Integrated System (WIS) 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Verticals 6.1. IT and Telecommunications 6.2. Manufacturing 6.3. Transportation and Logistics 6.4. Defense and Government 6.5. BFSI 6.6. Retail 6.7. Energy and Utilities 6.8. Healthcare 6.9. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Dell Inc. 17.2. Egenera Inc. 17.3. IBM Corporation 17.4. Microsoft Corporation 17.5. Amazon Web Services 17.6. Avnet Inc. 17.7. Hewlett NetApp 17.8. Packard Enterprises 17.9. Melillo Consulting 17.10. Cisco Systems Inc. 17.11. ACS 17.12. CTC Global Pte Ltd. 17.13. CA Technologies 17.14. MTI 17.15. Conres IT Solutions 18. Assumptions & Acronyms Used 19. Research Methodology
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Converged Infrastructure Management Market
