The global converged infrastructure management market was worth US$ 8.93 Billion in the year 2022 and is expected to reach US$ 65.05 Billion by the year 2032 at an exorbitant CAGR of 22.2% from 2022 to 2032.
Converged infrastructure solutions are increasingly being adopted to facilitate digital transformation in the end-use sectors like retail, e-Commerce, IT & telecom, and likewise. Herein, HP, in June 2019, came up with converged infrastructure solutions for assisting businesses for implementing applications and operating in environment free of complications.
The BFSI sector accounts for 25% of the market share as converged infrastructure management does render DR (disaster recovery), availability of vital workloads, and scalability of infrastructure.
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At the same time, the fact that higher power is needed for integrated infrastructure management can’t be ignored. Plus, there are other obstacles like restricted flexibility, and dearth of skilled personnel. These factors could restrain the converged infrastructure management market in the forecast period.
Future Market Insights has etched these findings with insights in its latest market study entitled ‘Converged Infrastructure Management Market’. It has its line of expertise in the form of analysts and consultants to execute using an eagle’s eye view across macros and micros.
“With realization of the fact that converged infrastructure simplifies the business reach, the global converged infrastructure management market is expected to grow on a vertical note in the near future”, says an analyst from Future Market Insights.
Key Takeaways from Converged Infrastructure Management Market
- North America holds more than 40% of the market share due to the US housing majority of key participants. Along these lines, Microsoft Corporation, in April 2021, did announce strategic agreement with government agencies and local organizations based out of Malaysia for establishing a data center.
- Europe holds the second-largest market share due to the established organizations’ faster digital transformation activities. Numerous European regions are adopting advantageous measures herein. For instance – the European Commission, in November 2021, did announce establishing the Digital Europe Programme; which would then receive US$ 2.24 Billion for digitally transforming the nature of workflow. As an outcome, this region is likely to keep the cash registers ringing in the converged infrastructure management market in the near future.
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Competitive Management
- Amazon Web Services, in May 2021, did announce plans of building three new-fangled data center infrastructure in the UAE.
- Microsoft Corporation, in July 2021, did announce investment worth US$ 2 Billion for establishing a novel data center at Telangana state (India).
- Amazon, in August 2022, announced inking a formal merger agreement with One Medical with the objective of rendering care cheaper, more pleasant, and accessible by integration of virtual care, digital, and in-person services near workplaces residences, and shopping complexes.
- Amazon, in August 2022, did announce an official merger agreement with iRobot with the purpose of helping users in reclaiming critical time of their day.
- Nutanix, Inc. is known for providing cloud services (inclusive of Desktops-as-a-Service, cloud monitoring, and Disaster Recovery-as-a-Service), software, and software-defined storage.
- Dell and Equinix, in April 2022, did expand their partnership regarding hyper-converged data center offerings. This is inclusive of various novel offerings inclusive of Dell PowerStore on Equinix Metal, Dell EMC PowerProtectDDVE on Equinix Metal, and Dell VxRail on Equinix Metal.
- Microsoft Corporation, in February 2021, did announce releasing sophisticated Hyper converged infrastructure called ‘Azure Stack Solution’ providing advantages like scalability and cost-effectiveness. It is inclusive of native Azure hybrid capabilities and could be used for modernising and consolidating data centers.
What does the Report converge?
- The research study is based on type (RAIS (Reference Architecture Integrated Systems) converged infrastructure management, FAIS (Fabric Architecture Integrated System) converged infrastructure management, ICIS (Converged Infrastructure Component Integrated System), and WIS (Converged Infrastructure Workload Integrated System)), and by vertical (IT and telecommunications, manufacturing, transportation and logistics, defense and government, BFSI, retail, energy and utilities, healthcare, and other verticals).
- With growing demand for better operational functioning in the IT vertical, reduction in IT costs, and improved data protection, the global converged infrastructure management market is bound to grow on an astonishing note in the forecast period.
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Key Segments Profiled In The Global Converged Infrastructure Management Market
Converged Infrastructure Management Market by Type:
- Reference Architecture Integrated Systems (RAIS) Converged Infrastructure Management
- Fabric Architecture Integrated System (FAIS) Converged Infrastructure Management
- Converged Infrastructure Component Integrated System (ICIS)
- Converged Infrastructure Workload Integrated System (WIS)
Converged Infrastructure Management Market by Verticals:
- Converged Infrastructure Management in IT and Telecommunications
- Converged Infrastructure Management in Manufacturing
- Converged Infrastructure Management in Transportation and Logistics
- Converged Infrastructure Management in defense and government
- Converged Infrastructure Management in BFSI
- Converged Infrastructure Management in Retail
- Converged Infrastructure Management in Energy and Utilities
- Converged Infrastructure Management in Healthcare
- Converged Infrastructure Management in Other Verticals
Converged Infrastructure Management Market by Region:
- North America Converged Infrastructure Management Market
- Latin America Converged Infrastructure Management Market
- Europe Converged Infrastructure Management Market
- Asia Pacific Converged Infrastructure Management Market
- Middle East & Africa Converged Infrastructure Management Market
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