by Composable infrastructure enables the disaggregation of hardware resources and pooling of these resources to build custom IT infrastructure on-demand. Servers, storage, and networking resources are pooled together and delivered as composable blocks or ‘composable units’ that can be combined or remixed on-the-fly without extra configuration. This allows enterprises to scale their infrastructure capacity up or down automatically based on real-time application demands. Composable infrastructure solutions also enable automated hardware and software upgrades and configuration management without service disruptions. The need to support rapidly changing business technology needs, dynamic workloads, and zero-downtime operations have created growing demand for such inherently flexible and scalable infrastructure platforms.
The global Composable Infrastructure Market is estimated to be valued at US$ 3041.88 Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends gaining traction in the composable infrastructure market is the increasing adoption of software-defined composable infrastructure. Traditional hardware infrastructure has limitations in terms of capacity, scalability, and flexibility. Software-defined infrastructure powered by composability overcomes these shortcomings by allowing the abstraction and pooling of hardware as virtualized resources which can then be flexibly provisioned based on application requirements. This enables dynamic scaling of infrastructure without disrupting applications and services. Leading vendors are focusing on enhancing their composable software offerings with capabilities such as auto configuration, auto-scaling, predictive analytics, and self-healing which further simplifies infrastructure management and lowers operational costs for enterprises.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the Global Composable Infrastructure Market Size is moderate as composable infrastructure is still emerging and requires substantial investments to enter.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of numerous providers and solution offerings.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are a few large vendors and numerous smaller component providers.
Threat of new substitutes:
The threat of new substitutes is low as composable infrastructure provides flexibility not found in traditional infrastructure offerings.
Competitive rivalry: Competition is intense as vendors compete based on technology innovations, pricing and service offerings.
Key Takeaways
The global composable infrastructure market is expected to witness high growth over the forecast period of 2023 to 2030. The global Composable Infrastructure Market is estimated to be valued at US$ 3041.88 Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030.
Regional analysis: North America dominated the global composable infrastructure market in 2022 with over 35% revenue share owing to strong technological adoption among enterprises for agility and scalability. Asia Pacific is anticipated to witness fastest growth over the forecast period with countries like China, Japan and India emerging as high growth markets.
Key players: Key players operating in the composable infrastructure market are Cisco Systems, Inc., Microsoft Corporation, Palo Alto Networks, Inc., Symantec Corporation, Check Point Software Technologies Ltd., Akamai Technologies, Inc., Fortinet, Inc., Zscaler, Inc., Okta, Inc., VMware, Inc., CrowdStrike Holdings, Inc., Cyxtera Technologies, Inc., Proofpoint, Inc., FireEye, Inc., Forcepoint LLC . These players are focusing on partnerships, collaborations and new product launches to gain competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
