The global hyper converged infrastructure market is expected to post a
CAGR of more than 38% during the period 2019-2023, according to the
latest market research report by Technavio.
However, the growth momentum will decelerate in the coming years because
of the decrease in year-over-year growth.
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Technavio has published a new market research report on the global hyper converged infrastructure market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global hyper converged
infrastructure market is enhanced data protection. Companies that store
data on the cloud face multiple regulatory and compliance hurdles.
Moreover, countries such as Turkey have regulations that require data to
be stored locally. Hyper converged infrastructure (HCI) systems allow
organizations to keep data safe in their on-premises data centers, and
provide multiple data protection features such as snapshots,
replication, and encryption. These systems also include features such as
redundant array of independent disks (RAID) and erasure coding, which
help keep multiple copies of data in different systems. Some systems
also come with built-in disaster recovery features, which aid in
preventing business downtime. Such enhanced protection offered by HCI
systems will boost their adoption during the forecast period.
As per Technavio, the HCI as an alternative to public cloud will have a
positive impact on the market and contribute to its growth significantly
over the forecast period. This global
hyper converged infrastructure market 2019-2023 research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.
Global hyper converged infrastructure market:
HCI as an alternative to public cloud
Several businesses across the world are migrating their entire IT
infrastructure to the cloud as it offers a high level of flexibility.
However, there are risks associated with storing an organization’s data
on the public cloud. Some financial institutions have faced regulatory
hurdles or compliance issues with respect to storing their data on the
cloud. This has encouraged enterprises to look at the hybrid cloud
model, while some are finding a suitable on-premises alternative. HCI
solutions are increasingly emerging as the ideal alternative to public
cloud platforms such as Azure or AWS as these systems are simple to
manage and help reduce the costs associated with traditional data center
systems. HCI brings cloud-like flexibility to on-premises data centers,
which is prompting many cloud service providers to implement HCI systems
in their cloud.
“HCI systems enable a high degree of automation when it comes to
storage-related risks. They operate as a software-defined data center,
which makes automation of daily operations possible using centralized
management tools. In addition, HCI systems converge the storage and
computation functionalities into a single highly virtualized solution.
This reduces the number of components such as separate servers, storage,
and networking devices that need to be managed by IT teams. Thus, the
simplicity and automation brought about by HCI systems will drive the
growth of the market during the forecast period,” says a senior
research analyst at Technavio.
Global hyper converged infrastructure market:
This market research report segments the global hyper converged
infrastructure market by end-user (financial services, healthcare,
education, government, and others) and geographic regions (North
America, Europe, APAC, South America, and MEA)
North America led the market in 2018, followed by Europe, APAC, South
America, and MEA respectively. The market growth in North America can be
attributed to the favorable climate for data center innovations,
availability of infrastructure, regulatory policies for data security,
and the presence of established vendors in the region.
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- Market characteristics
- Market segmentation analysis
- Market definition
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Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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