Hyper-Converged Systems Market is anticipated to surge at a CAGR of 27.1% to reach US$ 66.8 Bn by 2030.
Technological advancements in hyper-converged systems have opened up a wide range of opportunities for businesses and corporate entities that require huge storage capacity, networking, and computing infrastructures for their business needs. Making use of hyper-converged systems help enterprises achieve consolidate their data centers, set up virtual desktop infrastructure (VDI), and test the development of applications, among others. The preference for hyper-converged systems among various organizations has substantially increased, attributed to their integrated feature of backup and disaster recovery in the software, which, in turn, will drive the growth of the hyper-converged systems market over the next decade.
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Key Takeaways of Hyper-Converged Systems Market Study
- The hyper-converged systems market in North America is expected to hold the largest share of the global market by the end of the forecast period.
- Eliminating the need for separate servers and network storage and continued rise in the adoption of software-defined HCI platforms are significant factors that are driving the growth of the hyper-converged systems market
- Installation of hyper-converged systems for the purpose of backup and disaster recovery is expected to gain significant traction.
- South Asia & Pacific is expected to remain the key region in the global hyper-converged systems market, owing to increase in the adoption of hyper-converged systems within small and mid-sized enterprises.
COVID-19 Pandemic Impact Analysis
The rapid spread of COVID-19 has disrupted the world’s economy. IT service companies have also witnessed a significant slowdown in growth during this financial year. However, the demand for hyper-converged systems is on the rise, as organizations are adopting remote working and work from home during the COVID-19 pandemic. Organizations have started investing more in converged and hyper-converged systems, as these systems allow employees to work remotely with the inbuilt virtual desktop infrastructure (VDI) feature.
In terms of value, the hyper-converged systems market in South Asia & Pacific is estimated to record the highest growth during the forecast period. Increasing lockdown periods due to the pandemic in APAC countries are estimated to motivate IT companies to procure hyper-converged systems during the forecast period.
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Competitive Landscape
The hyper converged systems market is characterized by the presence of a multitude of players, which include but are not limited to Dell EMC, Hewlett Packard, VMware Inc., Pfizer Inc., Acronis, Arcserve Eden Prairie and Fujitsu Ltd. to name a few. Heavy investments in R&D to explore potential growth avenues and investments in product marketing strategies have provided a wide platform for these players to grab a foothold. Important partnerships such as Pfizer with Oracle for creating a cloud based repository titled Clinical Cloud to store clinical data are also characteristics of a successful hyper converged systems market.
More Valuable Insights on Hyper-Converged Systems Market
Future Market Insights offers an unbiased analysis of the global hyper-converged systems market, providing historical data of 2015-2021 and forecast statistics for the years 2022-2030. To understand the various opportunities present in the hyper-converged systems market, the market study has been segmented on the basis of component, enterprise size, application, and industry, across six major regions.
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