Press release

Global Hyper Converged Infrastructure Market 2019-2023 | Growing Popularity of HCI as an Alternative to Public Cloud to Boost Demand | Technavio

Sponsored by Businesswire

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.

This press release features multimedia. View the full release here:

Technavio has published a new market research report on the global hyper converged infrastructure ma ...

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
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:
Segmentation analysis

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.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team