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Global Converged Infrastructure Market 2019-2023| 22% CAGR Projection over the Next Five Years | Technavio

April 1, 2019 GMT
The global converged infrastructure market will post a CAGR of close to 22% during the period 2019-2023. (Graphic: Business Wire)
The global converged infrastructure market will post a CAGR of close to 22% during the period 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Apr 1, 2019--The global converged infrastructure market is expected to post a CAGR of close to 22% during the period 2019-2023, according to the latest market research report by Technavio. However, the market’s momentum will decelerate in the coming years because of the decrease in year-over-year growth.

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The global converged infrastructure market will post a CAGR of close to 22% during the period 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global converged infrastructure market is the increasing demand for an alternative solution to the cloud. Enterprises across the world are migrating their IT infrastructure to the cloud. This is mainly due to significant business risks caused by unplanned downtime in manufacturing plants. These businesses need a platform that delivers a high degree of flexibility and scalability. Hyperconverged systems are proving to be a good fit for these businesses as they meet all the requirements of enterprises while ensuring low latency and adherence with regulatory compliance. Hyperconverged system brings cloud-like flexibility to the on-premises data centers. This is expected to drive the overall sales of hyper-converged systems, which, in turn, will drive the growth of the converged infrastructure market during the forecast period.

As per Technavio, the separate computer and storage nodes will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global converged infrastructure market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

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Global converged infrastructure market: Use of NVMe in hyper-converged systems

The enterprise storage industry is witnessing the emergence of Nonvolatile memory express (NVMe) and storage class memory (SCM). NVMe represents the next evolutionary step in speed and latency reduction for next-generation storage class memory (SCM) media. NVMe is designed to take advantage of the internal parallelism and low latency inherent in flash-based storage devices.

On the other hand, SCM is a new frontier in storage media, which provides high-speed performance with ultra-low latency. SCM support higher lOPS while offering comparable throughput and its read and write speeds are more than ten times faster than flash. SCM and NVMe options were first deployed in industry standard x86 servers. Vendors in the server landscape can take advantage of these technologies, and future hyper-converged systems can benefit from the ability to modify software and make optimal use of the storage infrastructure.

“Converged infrastructure caters to the customer’s various business needs as it comes in the form of a preconfigured solution for specific workloads like databases, high-performance computing, VDI, video surveillance, and backup & recovery. They have been tested in various scenarios, which help in increasing the reliability of these solutions. The implementation time of converged infrastructure has become faster owing to vendor certification in the form of design guides and reference architectures. Such benefits will propel the growth of the converged infrastructure market during the forecast period,” says a senior research analyst at Technavio.

Global converged infrastructure market: Segmentation analysis

This market research report segments the global converged infrastructure market by type (certified reference system & integrated infrastructure, hyper-converged systems, and integrated platforms) and geographic regions (North America, Europe, APAC, South America, and MEA).

The certified reference system & integrated infrastructure segment held the largest converged infrastructure market share in 2018. The vendor certifications in the form of design guides and reference architectures drive the growth of the certified reference system & integrated infrastructure segment.

The North America region led the market in 2018 with a market share of about 50%, followed by Europe, APAC, South America, and MEA respectively. The market growth in North America can be attributed to the availability of well-established infrastructure that facilitates innovation and R&D, and also aids the rapid development and deployment of new and advanced technologies.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190401005059/en/

CONTACT: Technavio Research

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SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 04/01/2019 10:10 AM/DISC: 04/01/2019 10:10 AM

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