During the period 2022-2028, the global Hyperconverged Infrastructure Market is expected to develop at a CAGR of 21.2 percent. Because of rising utilisation by enterprises for their data centres and IT infrastructure, especially with the emergence of cloud computing technology, the Hyperconverged Infrastructure Market has risen in terms of revenue over the last several years.
Hyperconverged infrastructure is a software and hardware solution for running virtual machines that combines storage, computation, and networking in a single platform. It uses commodity components including servers, racks, switches, and other components to deliver the functionality of high-end systems at a lower cost. Hyperconvergence also offers rich data services such as deduplication and compression, among other things.
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COVID-19’s Impact on the Market for Hyper-converged Infrastructure Systems
Businesses have suffered significant losses as a result of COVID-19-related lockdowns. Manufacturing, oil and gas, construction, automotive, and transportation have all been affected by the pandemic. The majority of businesses are reorganising their information technology infrastructure and operations. Organizations are also concentrating on securing data in on-premise data centres, speeding the deployment of new workloads, and improving overall business productivity. Automation and the use of advanced technologies for industry-specific applications, such as HCI systems, has risen as a result of this.
Market Trends for Hyper-Converged Infrastructure:
Due to the global outbreak of coronavirus illness (COVID-19) and the resulting lockdown limitations enforced by governing bodies in various nations, the necessity for HCI to keep enterprises running has increased significantly. HCI solutions offer a flexible IT infrastructure that allows employees to operate from anywhere. HCI solutions are also being used by healthcare organisations to address vaccine-related data requirements. Furthermore, the rising incidence of chronic diseases and simple access to medical services has resulted in an increase in the amount of data collected. This, together with the healthcare industry’s digital revolution, is fueling demand for HCI solutions to address data access difficulties and shorten staff login times. Furthermore, because HCI solutions minimise manual processes and enhance storage capacity, the rising automation trend is fueling the demand for HCI solutions in small and medium-sized organisations (SMEs).
Drivers and Restraints in the Global Hyper-Converged Infrastructure Market
Increasing demand from various applications leads to increased IT infrastructure efficiency, which in turn boosts demand for the worldwide hyper-converged infrastructure market over the forecast period. Switching to hyper-converged infrastructure has the primary purpose of simplifying IT operations, including cost and complexity. Hypervisors, of course, differ in terms of functionality and complexity. Scale-out workloads, general-purpose virtualization, and mainstream, business-critical applications all benefit from hyper-converged infrastructure. Instead, it’s less well-suited to large virtual machines — such as those that require quad-socket physical servers — and some specialist applications, such as high-frequency stock trading.
However, one of the primary problems expected to prohibit various consumers from switching to hyper-converged infrastructure in the coming years is a lack of elasticity. Adding a new resource to an existing hyper-converged infrastructure comes at a high expense. In consequence, these issues are projected to limit the hyper-converged infrastructure market’s growth in the next years. Despite this, rising enterprise application demands and the fast pace of modern enterprises threaten to render old IT designs obsolete. This might maintain demand for global hyper-converged infrastructure high.
In the hyper-converged infrastructure market, there are a number of participants are Cisco Systems, Inc., Dell Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd. , Microsoft Corporation , NetApp, Inc. , Nutanix, Inc. , Pivot3 , Scale Computing, and VMware, Inc.
KEY MARKET SEGMENTS
By Product Type
Trends in the Industry
• In October of 2020, Nutanix, Inc. has released enhanced HCI software to help accelerate cloud and data centre innovation.
• StorMagic teamed up with Hivecell to introduce Hivecell HCI with StorMagic SvSAN in June 2021, addressing security and storage issues.
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