Converged Infrastructure Market To Grow With Steady Growth Of 18.6% CAGR Throughout The Forecast Period

According to a new market research report published by Brisk Insights, “Converged Infrastructure Market (By Component – Server, Storage, Network, Services and Software), (By Architecture Type- Pre-configured and Customized), (By End-use- BFSI, Telecommunication & IT, Manufacturing and Healthcare) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall converged infrastructure market worldwide was valued at US$ 16.5 Bn in 2018 and is set to grow with a CAGR of 18.6% during the forecast period.

Market Insights

Growing IT industry and business acceleration through cloud services are the major growth factors for the converged infrastructure market. In 2018, the IT industry was estimated at around US$ 4.90 Tn. Corporates are expanding their IT infrastructure by shifting entire IT infrastructure to cloud, which is helping the market growth. The demand for the market is on rise due to presence of all components such as software, services, networking and others. The ability to modify the software with the help of storage-class memory and non-volatile memory express are some of the major factors driving the market growth. Therefore, the converged infrastructure market is expected to show huge growth during the forecast period.

Based on end-use, the market is segmented into BFSI, IT & telecommunication, manufacturing and healthcare. IT and telecommunication segment led the market in 2018 backed by manufacturing industry with market revenue share contribution of more than 32% in the same year. The IT & telecommunication industry is growing with a significant growth rate of nearly 5.5% in years to come. Due to growing demand for big data along with requirement of high volume storage space are giving boost to the segment. Rising need for customized and sophisticated storage services are another factor for the segment growth. Thus, we presume that the segment will show major growth throughout the forecast period.

Based on the geography, North America was the major value contributor in 2018. North America has nearly 35% revenue share contribution in the same year. Established IT & telecommunication industry and early technological adoption are the major reasons for the dominance of North America. On the other flip, Asia Pacific region be the fastest growing region in the converged infrastructure market during the forecast period. Asia Pacific will show fastest growth due to growing IT & telecommunication industry and rising manufacturing & healthcare industry in the region.  Growing government investments in the region for IT industry is one of the major factor driving the growth of Asia Pacific. China and India will be the major contributor in the Asia Pacific market growth.

Some of the major companies profiled in the report include Nutanix, Inc., Hitachi Data Systems, Oracle Corporation, IBM Corporation, Hewlett-Packard Enterprise, Cisco System, Inc., VMware Inc., Dell EMC., Scale Computing, and NetApp, Inc. among others.

Browse the full report at https://www.briskinsights.com/report/converged-infrastructure-market

The Global Converged Infrastructure Market is Segmented into:

*Complete segmentation list is on report page