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Converged Infrastructure Market By Component (Server, Storage, Network, Services, Software), By Architecture Type (Pre-configured, Customized), By End-use (Telecommunication And IT, Manufacturing, Healthcare) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Growing IT & Telecommunication Industry to give Boost to the Converged Infrastructure Market

The converged infrastructure market worldwide is estimated to expand with a CAGR of 18.6% from 2019 to 2027, starting from US$ 16.5 Bn in 2018—growth of the cloud services market and IT industry to boost the demand for the converged infrastructure market. The organizational shift towards a self-service model from a self-managed, self-owned hardware model is also helping the market growth. Growing IT needs for cloud-based services is another factor for the market growth. Reduce complexity, eliminate hardware-related issues, and other benefits of converged infrastructure to boost the market demand. Thus, we are expecting tremendous growth in the converged infrastructure market throughout the forecast period.

Market Synopsis

IT & Telecommunication Industry to Continue Leading the Market

The converged infrastructure market by end-use was governed by the IT & telecommunication industry segment in 2018. The segment had around 32% market share in the same year. The growth of the IT industry worldwide is the major reason for segment dominance. The IT industry was valued at around US$ 4.90 Tn in 2018 and grew at a CAGR of nearly 5.5% in recent years. In addition, the rising demand for big data and the growing need for customized storage services are some of the other factors driving the segment's growth. Consequently, we are expecting that the IT and telecommunication segment will continue its dominance in the market.

The Asia Pacific to be the Fastest Growing Region

The North American region led the converged infrastructure market in 2018, with around 35% of the revenue share worldwide. North America was the leader owing to the increased IT industry. On the other hand, Asia Pacific will show the fastest-growing region throughout the forecast period. The growing manufacturing and rising IT industries are the major reasons for the growth of the Asia Pacific region. In addition, the growing need for cloud services in the region is also boosting the demand for converged infrastructure in the Asia Pacific. Consequently, we presume that the Asia Pacific region is the fastest growing during the forecast period.

Some prominent players operating in the converged infrastructure market are Nutanix, Inc., Hitachi Data Systems, Oracle Corporation, IBM Corporation, Hewlett-Packard Enterprise, Cisco System, Inc., VMware Inc., Dell EMC., Scale Computing, and NetApp, Inc., among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The converged infrastructure market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global converged infrastructure market based on product type, application, and geography.

Frequently Asked Questions

The market for Converged Infrastructure is expected to reach US$ 16.5 Bn in 2028.

The Converged Infrastructure market is expected to see significant CAGR growth over the coming years, at 18.6%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Nutanix, Inc., Hitachi Data Systems, Oracle Corporation, IBM Corporation, Hewlett-Packard Enterprise, Cisco System, Inc., VMware Inc., Dell EMC., Scale Computing are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Godaddy
Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60098
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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