Hyper-Converged Infrastructure Market Size

Hyper-Converged Infrastructure Market size was valued at USD 10.04 Billion in 2023 and is set to cross USD 135.49 Billion by the end of 2036, expanding at more than 23.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hyper-converged infrastructure is estimated at USD 12.97 Billion. The growth of the market can be attributed to growing concern for data security. In the year 2022, there were about 1801 instances of data breaches in the US. During the same year, data intrusions, including data breaches, leaks, and exposure, had an impact on over 421 million people. Hence, the demand for hyper-converged infrastructure is growing. Every infrastructure must include data protection as a critical component. A data security plan is necessary for each tier of the infrastructure's layer cake. These features have been naturally incorporated into the system since the emergence of HCI.

HCI offers a unified, secure platform for managing data, which makes it simpler to implement security rules and guard against data breaches. Advanced security features provided by the technology, such as multi-factor authentication and encryption, aid in preventing unauthorized access to critical data. Hence owing to this the demand for hyper-converged infrastructure is growing in order to protect data. Moreover, growing number of data centers is also estimated to boost the hyper-converged infrastructure market growth. Around the globe, there are about 7,999 data centers. Among those, approximately 30% of the data centers are situated in the US. Moreover, the rise in consumer internet usage is contributing to the growth of data centers. Hence, the growing penetration of internet is also estimated to boost the growth of the hyper-converged infrastructure market.