The report "Composable Infrastructure
Market by Type (Software and Hardware), Vertical (BFSI,
Healthcare, IT and Telecom, Government, Manufacturing), and Region (North
America, Europe, Asia Pacific, and RoW) - Global Forecast to 2023",
The composable infrastructure market is expected to grow from USD 616 million
in 2018 to USD 5,102 million by 2023, at a Compound Annual Growth Rate (CAGR)
of 52.6% during the forecast period. The major factors driving the composable
infrastructure market include the ever-growing need for data storage and highly
scalable data storage solutions, such as composable infrastructure, low CapEx
and opex of composable infrastructure, and growing adoption of virtualization.
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Composable infrastructure
hardware is expected to account for the larger market share during the forecast
period
Composable
infrastructure software is expected to account for the larger market share in
the global composable infrastructure market by type during the forecast period.
The composable infrastructure hardware segment includes appliances/platforms
and general-purpose servers (enabled by composable software). The segment is
expected to witness growth primarily due to vendors, such as HPE, Liqid, and
DriveScale with existing products in this market, and newer entrants, such as
Dell EMC, whose newly announced products are expected to be introduced in the
market in 2019.
BFSI segment is expected to grow at a higher CAGR during the
forecast period
Composable
infrastructure solutions are out-of-the-box solutions that consolidate major
functions of the data center, which include storage, compute, data recovery,
and network support. These solutions help banks, and other financial institutions,
and financial service providers improve their operational efficiency and
productivity. The growing adoption of virtualization and the ever-growing data
and data storage needs within the vertical is expected to drive market growth
during the forecast period.
North America is expected to account for the largest market
share during the forecast period
In
the composable infrastructure market by region, North America is expected to
account for the largest market share. The well-developed digital economy in
North America and the expansion of the data center industry are key factors
contributing to the growth of the composable infrastructure market in this
region. Surging demand for scalability in solutions, reduction in operational
expenditure, tax exemptions, and low total ownership cost on IT infrastructure
are the prime factors driving the growth of the composable infrastructure
market in this region.
Major
vendors in the composable infrastructure market include HGST (US), HPE (US),
Dell EMC (US), Lenovo (China), DriveScale (US), TidalScale (US), Liqid
(US), OSS (US), Cloudistics (US), and QCT (Taiwan).
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