The hyper-converged systems market is predicted to be worth US$ 12.33 billion in 2023, and rise to US$ 129.38 billion by 2033. Initially, the global market was expanding at a CAGR of 26.5% from 2018 to 2022.
Demand for hyper-converged systems is primarily related to the rise in trend of virtualization solutions among large and small businesses, as well as the demand for affordable and effective IT solutions.
Organizations can lower the cost of their IT infrastructure, increase scalability, and increase flexibility with the help of hyper-converged infrastructure (HCI) technologies. Furthermore, the industry is expanding due to the growing trend towards cloud computing.
Rising adoption can be attributed to the increasing digital transformation in data centers adopting HCI solutions. Using the computer storage network, the solutions are utilized to consolidate and modernize data centers.
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With the aid of particular components and applications, hyper-converged systems are utilized to lower the risk of data security breaches. A high-security AMD processor package with security measures is also included to reduce security threats.
Key Takeaways
- By 2033, the United States is likely to dominate the hyper-converged systems market, with a size of US$ 6.64 billion and a CAGR of 22.1%.
- The hyper-converged systems market was significantly expanding, with a size of US$ 9.83 billion in 2022.
- Market shows amazing opportunities due to virtualization, and expected a Y-o-Y growth of 20.25% in 2023.
- The expansion in China is anticipated to expand at an adequate CAGR of 33.1% by 2033.
- In 2023, Germany is likely to expand in the hyper-converged systems market, with a size of US$ 1.24 billion.
- By 2033, the hyper-converged systems sector is likely to increase in Canada, with a size of US$ 42.13 billion.
- The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 36.4% by 2033.
- Based on the application, the virtualization and VDI segment led the market CAGR of 24.6% by 2033.
- Based on industry, the manufacturing sector continues to dominate the sector during the forecast period, with a CAGR of 36.3%.
- Based on professional services, the integration and deployment services continue to dominate the sector during the forecast period, with a CAGR of 21.5%.
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Key Strategies in the Industry
The expansion of the industry is being driven by technological improvements. To improve performance and decrease latency, businesses are increasingly integrating artificial intelligence (AI) and machine learning (ML) into their hyper-converged systems. Additionally, the development of 5G networks has made it possible to implement hyper-converged systems in more applications, including connected vehicles, smart homes, and industrial automation.
Key players in the hyper-converged systems industry include Huawei, NetApp, VMware, Pivot3, HPE, Cisco, Nutanix, VMware, and scale computing. These players have concentrated on creating solutions that allow users to reduce the complexity of conventional IT infrastructures.
Recent Developments
- In order to improve hybrid cloud infrastructure, IBM Corporation (US) and Red Hat, Inc. (US) introduced their most recent pre-configured private cloud platform on IBM Power Systems hardware in 2021.
- Nutanix Inc. developed software for hyper-converged infrastructure that supports hybrid clouds. This application allows for virtual networking and 50% faster performance. It offers two cutting-edge cloud-based software solutions, security compliance, and security monitoring.
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Key segments
By Component:
- Hyper-Converged Infrastructure Appliances
- Server Virtualization Software
- Services
By Enterprise Size:
- Hyper-Converged Systems for Large Enterprises
- Hyper-Converged Systems for SMEs
By Application:
- Virtualization and VDI
- Data Center Consolidation
- Remote Offices / Branch Offices (ROBO)
- Backup and DR
- Others
By Industry:
- BFSI
- Government
- IT and Telecom
- Healthcare
- Energy and Utilities
- Manufacturing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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