Hyperconvergence Infrastructure Market Seen Soaring 26.99% Growth Reached USD 13.26 Billion in 2022, Projects Univdatos Market Insights
- Vikas Kumar
- November 14, 2023
- NEWS, TELECOM & IT
- Hyperconvergence Infrastructure Market Analysis, Hyperconvergence Infrastructure Market Forecast, Hyperconvergence Infrastructure Market Growth, Hyperconvergence Infrastructure Market Outlook, Hyperconvergence Infrastructure Market Share, Hyperconvergence Infrastructure Market Size, Hyperconvergence Infrastructure Market Trends
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According to a new report by Univdatos Market Insights, the Global Hyperconvergence Infrastructure Market, reached USD 13.26 Billion in 2022 by growing at a CAGR of 26.99%. Hyperconvergence Infrastructure is defined as an IT framework that combines storage, computing, and networking into a single system to reduce data center complexity and streamline operations. Hyperconverged infrastructure enables you to seamlessly manage complex infrastructure, accelerate virtualized workloads, reduce complexity, improve operational efficiency, and reduce cost. Hyperconvergence offers the reliability, availability, performance, and capacity needed for virtualized workloads while future-proofing IT infrastructure and lowering the total cost of ownership (TCO).
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The report suggests that the Increasing Demand for Data Security and Data Recovery using Advanced HCI Services is one of the major factors driving the Hyperconvergence Infrastructure market during the forthcoming years. The surge in adoption of cloud computing is one of the key factors driving the demand for the Hyperconvergence Infrastructure market during the forecast period.
Increasing adoption of HCI services, such as disaster recovery and data security, is driving the growth of the market. Also, the growing adoption of digital technology platforms, such as social media and knowledge platforms, has surged the demand for HCI. According to the IBM Corporation Report in 2020, the total average cost of data security breaches was USD 3.86 million per breach. The price includes both personal and corporate penalties for data breaches.
Hyper-Converged solutions are used to reduce the risk of data security breaches with the help of specific component applications. It also includes a high-security AMD processor suite with security features that minimize security risks. HCI architectures provide greater protection against cybercrime and are well-suited to business continuity planning. For example, Nutanix HCI offers Nutanix Flow to provide network micro-segmentation to prevent malware, such as ransomware, from spreading.
Fig1: Increasing Demand for Data Security and Data Recovery using Advanced HCI Services
Apart from this, the Development of IT infrastructure and Rising Demand for Data Centre Consolidation with a Surge in Digital Transformations support growth Increased agility, and improved efficiency benefits, and amongst others in Hyperconvergence Infrastructure also positively impact the market’s growth. A wide range of investments have adopted strategic alliances in this area, thus suggesting huge potential in this area. Some of the recent strategic alliances are:
- In Feb 2022, Jericho Energy Ventures Announced a Collaboration with Two of North America’s Leading Food Companies to Accelerate Net-Zero Ambitions Utilizing Breakthrough Zero-mission DCC(TM) Hydrogen Boiler Solution.
- In August 2021, Quantum Acquired Hyperconverged Software Startup EnCloudEn offering customers a solution using their server hardware of choice with a flexible subscription-based software model.
- In January 2021, Atos Launched Greener HPC Cloud Servers that have the computational power to tackle trends in the engineering industry such as big data, artificial intelligence, and machine learning (AI/ML). The first option is a hybrid server named BullSequana SH; the other two are edge servers named BullSequana EXR and BullSequana EXD.
- In Sep 2020, Nutanix announced major new capabilities in its popular HCI software delivering significant innovations to the data center and cloud markets. Advances Security, Performance, Networking, and Automation Across Multiple Clouds.
- In August 2023, Cologne-based edge computing leader Grid Scale was acquired by French cloud computing company OVHcloud. With its market-leading hyper-converged infrastructure PaaS solution, grid-scale will add mission-critical capabilities to OVHcloud’s public cloud business and expedite its pan-European growth path.
- In February 2023, Identiv, Inc. announced the launch of Identiv Hyperconverged Infrastructure Powered by Scale Computing. The solution delivers Identiv applications, including Hirsch Velocity visitor management software and its Velocity Vision video management system (VMS) for total situational awareness on a single pane of glass. Identiv HCI combines virtualization, servers, storage, and backup/disaster recovery into a single, turnkey solution.
- In August 2023, OVHcloud acquired Edge Computing Company Gridscale, a German-based hyper-converged infrastructure software provider. By offering its products to customers’ infrastructures. This move caters to the most demanding use cases concerning data residency or local data processing.
Click here to view the Report Description & TOC https://univdatos.com/report/hyperconvergence-infrastructure-market/
IT & Telecommunication Gaining Maximum Traction in Market
The industry is constantly looking for new and innovative ways to improve the efficiency and scalability of its IT infrastructure. HCI offers a way to consolidate IT operations into a single, easy-to-manage platform, which can help to improve efficiency and reduce costs.
Secondly, the IT and Telecommunications industry is also looking to take advantage of the latest technologies and solutions. HCI offers a way to simplify IT operations and improve agility, which is crucial in today’s fast-paced business environment.
Finally, the IT and Telecommunications industry is also a hub for innovation and research, with many universities and research institutions working on new technologies and solutions. This has helped to fuel the growth of the HCI market in the industry, as these institutions are constantly looking for new and innovative ways to improve their IT infrastructure.
Overall, the IT and Telecommunications industry’s focus on efficiency, innovation, and cost-effectiveness makes it a key driver of the HCI market. As the industry continues to invest in new technologies and solutions, it is likely that the HCI market will continue to grow and evolve in the coming years.
Conclusion
The global Hyperconvergence Infrastructure market has been growing rapidly over the past few years. The market has been driven by increasing adoption of cloud computing, reduced capital expenditure operational expenditure, and disaster recovery capability. The Global Hyperconvergence Infrastructure market is highly fragmented, with many small and medium-sized players competing for business. Several top-notch companies in the market include Dell Inc.; Hewlett Packard Enterprise Development LP; Nutanix; IBM; Cisco Systems, Inc.; Microsoft; VMware, Inc.; and others. Hyperconvergence Infrastructure leads to significant cost savings, as organizations can reduce the need for multiple IT systems and reduce the cost of maintenance and support. Hyperconvergence Infrastructure represents a significant opportunity for organizations to improve their IT infrastructure and support their global operations. By leveraging the latest technologies and services, GHCI can help organizations consolidate their IT operations, reduce costs, and improve efficiency. Overall, the Global Hyperconvergence Infrastructure market is expected to continue to grow in the coming years, driven by the increasing focus on IT infrastructure and reduced costs by businesses, investors, and regulators.
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