Hyper-Converged Infrastructure Market Trends

Growth Drivers

Upsurge in Remote Workers - In the US, more than 3 million people work remotely at least half the time. While approximately 15% of businesses worldwide operate entirely remotely. Employees may gain safe access to their desktops, programmes, and data from nearly any device and from anywhere with virtual desktop infrastructure (VDI). Traditional VDI, however, presents many challenges. Scaling siloed infrastructure is challenging and demands specialized knowledge. VDI on hyper-converged infrastructure (HCI) is gaining attention as a result. Storage, networking, and computation are combined into a single, simple-to-manage system by HCI. While increasing organizational flexibility and resilience, this could assist save capital and operating costs.
Growing Investment in AI - Over 67 billion dollars were invested globally by corporations in artificial intelligence (AI) in 2020, with private investment accounting for approximately 41 billion dollars of the amount.
Rise in Online Payment - Globally, it is predicted that about 2 billion people would use proximity mobile payment transactions in 2023, up from approximately 949 million people in 2019. Hence, with hyper-converged infrastructure the online payment has been made more secure.
Surge in Adoption of Cloud-Based Services - In 2022, cloud services would be used by about 93% of businesses in the United States. Whereas, as of 2020, the cloud hosted about 40% of enterprise workloads.
Growth in Penetration of Internet - About 4 billion people used the internet as of January 2023, representing approximately 63 percent of the world's population.

Challenges

High Power Requirement - In a single environment, compute, networking, and storage devices are all included in hyper converged architectures. It requires more power than traditional data centers since it must handle heavy workloads in a small area. Hence, in order to address this, some workloads must move to cloud storage, necessitating more hardware and power. The demand for high power is impeding hyper-converged infrastructure market expansion. Moreover, hyper converged solutions must make sure there is sufficient cooling and power to handle the workload demand. It might have additional charges.
Impacted by Compatibility Issues
Lack of Investment in Hype-Converged Infrastructure

Hyper-Converged Infrastructure Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	23.8%
Base Year Market Size (2023)	USD 10.04 Billion
Forecast Year Market Size (2036)	USD 135.49 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are upsurge in remote workers, growing investment in AI, rise in online payment, and others.

The market size of hyper-converged infrastructure is anticipated to attain a CAGR of 31.10% over the forecast period, i.e., 2023-2035.

High power requirement, impacted by compatibility issues, and lack of investment in hyper-converged infrastructure are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Dell Technologies, VMware Inc., Nutanix Inc., Cisco Systems Inc., and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, application, end-user and by region.

The banking, financial services, & insurance (BFSI) segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Hyper-Converged Infrastructure Market Trends