 |
| Composable Infrastructure Market |
A) Market Overview:
Composable infrastructure is an advanced IT architecture that enables
organizations to dynamically combine and manage compute, storage, and networking
resources as per their specific requirements. This infrastructure offers
significant advantages such as increased flexibility, scalability, efficient
resource utilization, and reduced operational costs. With the rising demand for
agile and scalable IT infrastructure solutions, the composable infrastructure
market is expected to witness substantial growth during the forecast period.
This market is driven by the need for faster deployment of resources,
simplified IT management, and accelerated digital transformation initiatives
across industries.
B) Market Key Trends:
One key trend driving the composable infrastructure market is the increasing
adoption of composable infrastructure solutions in the healthcare sector. With
the growing need to manage large amounts of patient data, healthcare
organizations are seeking advanced IT infrastructure solutions that can provide
flexible and scalable storage and computing capabilities. Composable
infrastructure allows healthcare providers to create and manage software-defined
resources on-demand, ensuring efficient data management, streamlined workflows,
and improved patient care. Moreover, it enables seamless integration with other
healthcare systems and applications, facilitating data sharing and
collaboration among different healthcare stakeholders. As a result, the
adoption of composable infrastructure solutions is expected to witness
significant growth in the healthcare sector, driving the overall market growth.
Segment Analysis:
The composable infrastructure market can be segmented based on type, vertical,
and region. Based on type, the market can be further classified into software
and hardware. The software segment dominates the market, primarily due to the
increasing adoption of software-defined infrastructure solutions by
organizations. Software-defined infrastructures provide agility, flexibility,
and operational efficiency, which are crucial in today's dynamic business
environment. Moreover, the software segment offers various benefits such as
cost reduction, simplified management, and improved scalability, driving its
dominance in the market.
Key Takeaways:
The global Composable
Infrastructure Market Share is
expected to US$ 12,165.38 Mn witness high growth, exhibiting a CAGR of 25% over the forecast period of
2022-2030. This growth can be attributed to several factors, including the
increasing demand for agile and scalable IT infrastructure solutions, the rise
in data center modernization initiatives, and the growing adoption of cloud
computing. Additionally, the need for efficient resource allocation and
management, as well as the rising trend of software-defined infrastructure, are
driving the market growth.
In terms of regional analysis, North America is the fastest-growing and
dominating region in the composable infrastructure market. This can be
attributed to the presence of major technological giants, such as NetApp Inc.,
Nutanix Inc., and Dell EMC (Dell Technologies Inc.) in the region. Moreover,
the region has a strong IT infrastructure and a high adoption rate of advanced
technologies, which further contributes to its dominance in the market.
Additionally, increasing investments in data center modernization and the
rising demand for scalable and flexible infrastructure solutions are driving
the market growth in North America.
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 are
focusing on strategic initiatives such as partnerships, collaborations,
acquisitions, and product launches to gain a competitive edge in the market.
Moreover, they are investing heavily in research and development activities to
enhance their product offerings and cater to the evolving needs of customers.
Read More,
https://www.pressreleasebulletin.com/composable-infrastructure-size-market-share-analysis/
0 Comments