Hyper-Converged Infrastructure Market Segmentation:
Component Segment Analysis
The hardware segment is projected to account for share of 64.3% by the end of 2035. This can be attributed to the rising need for scalable and flexible HCI solutions such as such as integrated servers, networking elements, and storage, that require optimized hardware solutions to function properly. Technology companies are consistent in innovating hardware solutions, effective in modernized HCI solutions. In August 2023, the Data Center Intelligence Group (DCIG) awarded Huawei FusionCube as one of the best enterprise HCI providers. The recognition was for diverse computing ecosystems, intelligent O&M management, and flexible hardware integration.
Application Segment Analysis
By the end of 2035, the virtual critical applications segment is expected to acquire a remarkable market share, owing to the growing demand for more secure and scalable IT infrastructure in financial institutions and the healthcare sector for data privacy and confidentiality. The ongoing remote working trend is also increasing the demand for centralized IT management, possibly to be enabled with the use of HCI solutions. The integration of HCI solutions is integral in businesses across various industries for scalability and flexibility, with the rising adoption of cloud computing.
End Use Segment Analysis
The BFSI segment is projected to hold a high revenue share by 2035, on account of the stringent regulations obligating organizations to implement robust measures to ensure data security. The Digital Personal Data Protection Act 2023 was introduced in India in August 2023. The law has obligated businesses to store and use crucial data more securely, leading to an increasing integration of HCI solutions, due to functions that include data encryption and centralized policy management. The IT department in banks requires a zero-trust architecture for the protection of the financial data, indicating demand for HCI solutions.
Our in-depth analysis of the global hyper-converged infrastructure market includes the following segments:
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