Converged Data Center Infrastructure Market Overview
As companies are increasingly focus, reduced IT spending on maintenance and support are estimated to push the converged data center infrastructure market 2023. The semiconductor & electronics reports are fashioned by Market Research Future, which focuses on the distinct market options for expansion. A USD 24.11 billion revenue by the end of the forecast period with a CAGR of 23%.
The simplification of management is predicted to create favorable scope for the converged data center infrastructure industry. The need to curtail the concerns regarding compatibility of diverse hardware configurations are estimated to motivate the market in the upcoming period.
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The segmental evaluation of the converged data center infrastructure market is conducted on the basis of end-users, deployment, facility, component, and region. By the deployment basis, the market is segmented into pre-racked configuration and reference architecture. By facility basis, the market is bifurcated into collocated data center and on premise. Based on the end-user, the market is segmented into retail & e-commerce, energy & utilities, transportation, BFSI, IT & telecommunication, and others. On the component basis, the market is segmented into, storage devices, computational devices and networking devices. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the regions in the world.
Detailed Regional Analysis
The regional scrutiny of the converged data center infrastructure market is segmented into North America, Europe, Asia-Pacific, and rest of the regions in the world. The regional markets of Asia-Pacific and the Middle East are among the quickest growing regions due to the profound development rate in nations like India, China, and Africa among the prospective nations to accept data centers in a fully-fledged manner. As the capacity of data centers rises, the request for converged and hyper-converged infrastructure also intensifies. Throughout the forecast period, The North American region is anticipated to govern the converged data center infrastructure market. The paramount appealing factor for the astonishing development in the region of North America is the advanced practice of software-based networking by different enterprises for alert, and effective data networking and established quantity of data centers.
The growth restraints of the market are anticipated to be momentous and will need to be neutralized to unlock favorable development in the market. The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period. The declining effects evident in the market globally are anticipated to stay for the foreseeable future to the scale of impact on the worldwide market. The necessity for tactful analysis of the market cues and demand projections is anticipated to lead to a robust expansion in the market. The restitution and operations on a daily basis are anticipated to take some time, which will show the way to concentrated development of the backlogs created in delivery. The financial backing provided by the administrations and trade bodies is anticipated to reclaim the situation in the approaching years. The conundrum present in the global market relating to the fundamental assets of the corporations is being optimized to fair the existing pandemic more successfully.
The prolific contenders in the converged data center infrastructure market are Hitachi Ltd (Japan), Parallel Wireless Inc (US), Nectar Services (US), Six Degrees Group (UK), MapR (US), SecureKey Technologies Inc (US), Kinetica DB Inc (US), NetApp Inc (US), Oracle Corporation (US), Pivot3 (US), Nutanix Inc (US), Stratoscale (Israel), Mellanox Technologies Ltd (Israel), WS Atkins PLC (UK), Dell EMC (US), Cisco Systems Inc (US), BTI Systems (Canada), nuPSYS Inc (US), and others.