Published Date : Jul 04, 2018
Albany, New York, July 4, 2018 – The global converged infrastructure market is expected to grow notably within forthcoming years. Factors such as IT simplification, reduced costs, minimum risks, and increase in business are to name a few that are responsible for the growth of converged infrastructure market. This converged infrastructure is a stage where the entire elements of data center comprising networking, servers, storage, software and services are found. Moreover, the converged infrastructure solutions are experiencing a substantial demand in global market so as to fulfil the requirement for mobility, cloud, along with big data by several firms. Due to these reasons the global converged infrastructure market is foreseen to rise at a CAGR of 22.4% between 2017 and 2025. According to a recently published report by marketresearchreports.biz titled, “Converged Infrastructure Market - Global Industry Analysis Size Share Growth Trends and Forecast 2017 – 2025.”
Moreover, the healthcare sector is expected to project a significant growth rate as well in the global converged infrastructure market. As a result, it has become a major sector in stimulating the growth of converged infrastructure market all over the world. The market growth is also fueled by the launch of automated electronics and other products in healthcare sector that requires adequate IT infrastructure for smooth operation of healthcare sector. Besides, negligible operating and maintenance expenses and convenience of operation are the key factors behind the rise in demand of this segment. However, rise in expenses based competition seems to affect negatively to overall growth of global converged infrastructure market.
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Healthcare, telecommunication and IT, BFSI, manufacturing, and others are among the key segments in the market. Out of these, the telecommunication and IT segment accounted the highest market share, back in 2016, trailed by the manufacturing segment.
Based on geography, the converged infrastructure market is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America accounted for the leading region in the market with highest share with respect to revenue and is foreseen to sustain its position within the forecast period from 2017- 2025, trailed by Asia Pacific. Within the forecast period, region of Asia Pacific is expected to be dominating region fueling the demand for converged infrastructure for various end use sector which comprise of telecommunication and IT, manufacturing, and manufacturing, and so on.
As converged infrastructure market seems to experience a significant development since past few years, the number of vendors giving these services and solutions have also improved. Japan, China, and South Korea is dominating the market for telecommunication and IT, trailed by India, Indonesia, and Thailand in Asia Pacific.
Hitachi Data Systems, Nutanix, Inc., Hewlett-Packard Enterprise, IBM Corporation, Cisco System, Inc., Oracle Corporation, Dell EMC., NetApp, Inc., VMware Inc., and Scale Computing are some of the key players leading the converged infrastructure market.
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