by The Composable Infrastructure Market is estimated to be valued at US$ 2,433.50 Mn in 2022 and is expected to exhibit a CAGR of 25% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Composable infrastructure refers to a software-defined infrastructure architecture that allows organizations to dynamically allocate and reconfigure IT resources according to their specific needs. It offers flexibility and agility by disaggregating compute, storage, and networking resources into software-defined pools. This enables organizations to efficiently utilize resources, reduce infrastructure costs, and accelerate application deployment.
Use cases of composable infrastructure include data center consolidation, private and hybrid cloud deployments, virtual desktop infrastructure (VDI), and big data analytics. The adoption of composable infrastructure solutions is growing in various industries such as IT and telecommunications, BFSI, healthcare, and manufacturing, due to their ability to meet changing business demands, improve operational efficiency, and enhance scalability.
Market Dynamics:
The growth of the composable infrastructure market can be attributed to two main drivers. Firstly, the increasing demand for agile and scalable IT infrastructure solutions is driving the adoption of composable infrastructure. Organizations are looking for flexible infrastructure options that can adapt to their changing business requirements and enable them to scale resources efficiently.
Secondly, the need for efficient resource utilization is fueling the adoption of composable infrastructure. Traditional infrastructure models often result in underutilized resources, leading to increased costs and inefficiencies. Composable infrastructure allows organizations to allocate and manage resources dynamically, ensuring optimal utilization and cost savings.
Overall, the composable infrastructure market is witnessing high growth due to the advantages it offers in terms of resource optimization, scalability, and agility. As organizations continue to embrace digital transformation and the need for flexible IT infrastructure, the demand for composable infrastructure solutions is expected to increase significantly in
Segment Analysis:
The composable infrastructure market can be segmented based on type, vertical, and region. In terms of type, the dominating segment is the software segment. This is primarily due to the increasing demand for software-defined infrastructure and the flexibility it offers in terms of resource allocation and management. The software segment allows organizations to compose and recompose their infrastructure based on their specific requirements, leading to improved efficiency and scalability.
PEST Analysis:
Political: The political landscape plays a significant role in the development and adoption of composable infrastructure solutions. Governments across the globe are increasingly focusing on digital transformation initiatives, which drive the demand for flexible and agile infrastructure solutions.
Economic: The economic factors influencing the composable infrastructure market include the overall economic growth, IT spending, and budget allocation for infrastructure development. With the increasing focus on automation, organizations are investing in technologies like composable infrastructure to optimize their operational costs.
Social: Social factors such as the growing digitalization and increasing reliance on cloud technologies are driving the adoption of composable infrastructure. The need for faster time-to-market and improved customer experience are key social drivers for the market.
Technological: Technological advancements in areas like software-defined infrastructure, virtualization, and cloud computing are driving the growth of the composable infrastructure market. These technologies provide the foundation for the development and implementation of composable infrastructure solutions.
Key Takeaways:
The global Composable Infrastructure Market Share is expected to witness high growth, exhibiting a CAGR of 25% over the forecast period (2022-2030). This growth is primarily driven by the increasing adoption of software-defined infrastructure and the need for agile and flexible IT infrastructure solutions.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the composable infrastructure market. This can be attributed to the presence of major technology players, increasing investments in advanced IT infrastructure, and the growing demand for digital transformation.
Key players operating in the composable infrastructure market include NetApp Inc., Nutanix Inc., Dell EMC (Dell Technologies Inc.), Hewlett Packard Enterprise Co., Juniper Networks Inc., Western Digital Corp., Lenovo Group Limited, Liqid Inc., Fungible Inc., and TidalScale Inc. These companies are focusing on product development, partnerships, and acquisitions to strengthen their market presence and offer innovative solutions to customers.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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