Hyper-Converged Infrastructure Market is anticipated to witness a higher CAGR in the near future. Hyper converged infrastructure is an emerging market that is projected to reach more than $13.96 billion by 2024. Adoption of HCI technologies by small and medium enterprises business category is likely to build a potential market in the near future.
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The key driving factors responsible for the growth of Hyper-Converged
Infrastructure market :
Hyper-converged infrastructure
market is driven by rising demand from several applications in IT that boosts
the IT operating costs along with competency in IT infrastructure. Increase in
necessity for managing the network resources is likely to boost the market
growth. However, low flexibility and policy restrictions are some of the major
hindrances for market development. Storage and infrastructural limitations are
likely to disengage the mainstream market activities.
Hyper converged infrastructure
market is segmented as hypervisor comprising KVM, Hyper-V and VMware. Application
category involves server virtualization, robo, virtual desktop infrastructure,
data protection and cloud systems. Hyper converged infrastructure (HCI)
industry is geographically segmented as North America, Latin America, Europe,
Asia-Pacific, Middle-East and Africa.
Asia-Pacific market is
anticipated to hold a significant CAGR during the forecast period as the
software industry is gaining a higher traction owing to rise in cloud
deployments, virtual desktop infrastructure and server virtualization.
North America market is
anticipated to show a higher growth during the forecast period owing to
presence of software industry and key players. Network policies and
infrastructural development gain a higher end hence the market growth is
assured. Software development scenarios and product life-cycle cases are of
great significance in U.S.
European market is gaining an
upper hand thanks to the emergence of network technologies and software
policies. Rapid growth of IT & telecom sector in this region is likely to
contribute to the regional market growth during the forecast period.
The key players profiled in the
hyper converged infrastructure (HCI) market are Dell Inc, Hewlett Packard,
Fujitsu Ltd, EMC Corporation, Maxta Inc, Scale Computing, Gridstore Inc and
Pivot3 Inc.
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