December 21, 2020
According to the research report titled ‘Global Hyper-Converged Infrastructure Market Size study with COVID-19 Impact, by Component (Hardware and Software), by Application (Remote office/branch office, Virtualization Desktop Infrastructure (VDI), Data center consolidation, Backup/recovery/disaster recovery, Virtualizing critical applications and Others), by End User (Cloud Providers, Colocation Providers and Enterprises), by Enterprise (Banking, Financial Services, and Insurance (BFSI), IT and telecom, Government, Healthcare, Manufacturing, Energy, Education and Others) and Regional Forecasts 2020-2027‘, available with Market Study Report LLC, global hyper-converged infrastructure market accounted for USD 6.1 billion in 2019 and is poised to record a y-o-y growth rate of 28.1% through 2027.
Rising work from home trend among organizations due to the COVID-19 pandemic, and collective inclination towards enhanced virtual supporter software are major factors driving the global hyper-converged infrastructure (HCI) industry growth. Also, emphasis on data protection and disaster recovery is fueling the adoption of HCI among companies as it reduces their capital expenditure (CAPEX) as well as operational expenditure (OPEX), thereby accelerating the market growth.
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Moreover, ability of this software-defined IT infrastructure to help the organizations with several regulations, like eligibility requirements for government benefits and capital management in banking, is accelerating the growth of global hyper-converged infrastructure market.
Also, adoption of several strategies and launch of innovative services and solutions by the players is positively impacting the market growth. However, restrictions imposed on hypervisor selection and rising prevalence of COVID-19 are the major factors hampering the growth of global hyper-converged infrastructure market during the forecast period.
Based on end-user spectrum, the market is segmented into enterprises, cloud providers, and colocation providers. Speaking of application scope, the global hyper-converged infrastructure industry is divided into backup/recovery/disaster recovery, virtualizing critical applications, remote office/branch office, virtualization desktop infrastructure (VDI), data center consolidation, and others. In terms of enterprise, the market is divided into banking, financial services, & insurance (BFSI), education, government, IT & telecom, manufacturing, healthcare, energy, and others.
With respect to organization size, the industry is divided into small & medium-sized enterprises, and large enterprises. Considering component gamut, the market is divided into software, and hardware.
From a regional frame of reference, Asia Pacific hyper-converged infrastructure market is predicted to record significant growth during the study period, mainly due to rising utilization of advanced technologies, increasing emphasis on VDI and server virtualization, and high awareness regarding infrastructure-as-a-service (IaaS) solutions in the region.
Major players operating in global hyper-converged infrastructure industry sphere include Dell EMC, Stratoscale, Hewlett Packard Enterprise Company, Netapp, Inc., Pivot3, Scale Computing, Nutanix, Inc., Huawei Technologies Co. Ltd., Cisco Systems, Inc., and VMware, Inc.