Composable Infrastructure Market Is Estimated To Witness High Growth Owing To Increasing Demand for Scalable and Agile IT Infrastructure

Market Overview:

Composable infrastructure is a software-defined approach to IT infrastructure management that allows organizations to dynamically allocate and manage their compute, storage, and networking resources. It allows businesses to scale their IT infrastructure based on their specific needs, enabling them to adapt to changing market trends and demands.

This market primarily caters to industries such as IT and telecommunications, healthcare, manufacturing, banking and finance, and others. The key use cases of composable infrastructure products include data center consolidation, workload optimization, and hybrid cloud deployments.

Market Dynamics:

The growth of the composable infrastructure market is driven by factors such as increasing demand for scalable and agile IT infrastructure, rising adoption of cloud computing and virtualization technologies, and the need for efficient resource utilization. Additionally, the increasing complexity of IT infrastructure and the need for better cost optimization are also contributing to the market growth.

Furthermore, the market is expected to be fueled by the growing trend of digital transformation among businesses, which requires them to have a flexible and easily manageable IT infrastructure. Moreover, the rising adoption of software-defined data centers and the increasing popularity of hyper-converged infrastructure are expected to further boost the market growth.

Segment Analysis:

The Composable Infrastructure market is segmented based on type, vertical, and region. In terms of type, the dominating segment is the software segment. This is mainly due to the increasing demand for software-defined infrastructure that enables businesses to manage their infrastructure resources more efficiently and flexibly. The software segment also allows businesses to quickly adapt to changing workloads and improve their operational agility. Additionally, software-based solutions offer cost savings and improved scalability, which further drives the dominance of this segment in the market.

PEST Analysis:

  • Political: The political landscape does not have a significant direct impact on the Composable Infrastructure market. However, regulations and policies related to data privacy and security can influence the adoption of such infrastructure solutions.
  • Economic: The growing digital transformation initiatives by organizations across various industries are driving the demand for Composable Infrastructure solutions. Additionally, the cost-saving potential and operational efficiency offered by these solutions make them attractive for businesses, leading to market growth.
  • Social: The increasing need for faster and more efficient IT infrastructure to support emerging technologies such as artificial intelligence, machine learning, and big data analytics is driving the demand for Composable Infrastructure solutions. The growing adoption of cloud computing and virtualization technologies also contributes to market growth.
  • Technological: Technological advancements, especially in software-defined infrastructure and hyper-converged infrastructure, are major drivers for the Composable Infrastructure market. The integration of software and hardware components allows businesses to optimize resource allocation, improve scalability, and simplify infrastructure management.

Key Takeaways:

The Global Composable Infrastructure Market Demand is expected to witness high growth, exhibiting a CAGR of 25% over the forecast period. This growth is primarily driven by the increasing demand for flexible and efficient IT infrastructure solutions. The market size is projected to reach US$ 2433.50 Mn by 2021.

In terms of regional analysis, North America is the fastest-growing and dominating region in the Composable Infrastructure market. This is attributed to the presence of major players, technological advancements, and the high adoption of cloud computing and virtualization technologies in the region.

Key players operating in the Composable Infrastructure market include NetApp Inc., Nutanix Inc., Dell EMC (Dell Technologies Inc.), Hewlett Packard Enterprise Co., Juniper Networks Inc., Western Digital Corp., Lenovo Group Limited, Liqid Inc., Fungible Inc., and TidalScale Inc. These key players have a strong market presence and offer a wide range of Composable Infrastructure solutions to cater to the growing demand in the market.

 

 

 

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