March 20 2020
Market Research Future published a research report on “Composable Infrastructure Market Share Research Report – Global Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Market Research Future (MRFR), in its revised “Composable Infrastructure Market Share” report, mentions that the market can strike a 58.10% CAGR from 2018 to 2024. On the conclusion of 2024, the global market is likely value at USD 5.80 Bn, reveals MRFR. The growing adoption of composable infrastructure across enterprises is identified as a primary factor for the expansion of the Composable Infrastructure Market Share. Advantages offered by composable infrastructure, such as maximized speed and greater agility can develop the efficiency of IT and data centers. Thus, the demand for composable infrastructure is high across different sectors, as they aid in improved productivity and maximum utilization of storage resources. Other advantages, such as quicker infrastructure provision, reducing downtime, and low operational costs are identified as major boosters of the global composable infrastructure market.
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The prominent players in the Composable Infrastructure Market Share are Hewlett Packard Enterprise Company, HGST Inc., Dell EMC, Cisco Systems Inc., Lenovo Group Ltd., DriveScale Inc., TidalScale Inc., Liqid Inc., OSS, Cloudistics, and Quanta Cloud Technology.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
The Composable Infrastructure Market Share is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of composable infrastructure market is covered for the regions namely North America (US, Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).
North America region dominates the market due to the presence of key market players such as Hewlett Packard Enterprise Company, HGST Inc., Dell EMC, and Cisco Systems Inc., investing in the development of composable infrastructure for data centers which is driving the market growth. Growing demand for enterprise applications and adoption of composable infrastructure for reducing operational expenses among enterprises in the US, Canada, and Mexico also promote the market growth in this region. The US accounted for a larger market share among the North American countries followed by Canada and Mexico.
Europe accounts for the second largest market share owing to the growing adoption of composable infrastructure in countries such as the UK, Germany, France, Spain, Italy, and other European countries. The adoption is dominated by IT and telecom industry in this region and the growth rate is expected to be higher in the BFSI sector in Europe.
Asia-Pacific accounted for the third-largest market share; it is expected to attain the highest growth due to the growing number of data centers opting composable infrastructure in China, Japan, India, Singapore, Australia, and other Asian countries. Increasing growth of data centers in Malaysia and Thailand also promotes the market growth in this region.
The Middle East and Africa region is expected to achieve substantial growth and presents an opportunity for key market players to invest.
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TABLE OF CONTENTS
LIST OF TABLES
Table1 Global Composable Infrastructure Market: By Country, 2019–2024
Table2 North America: Composable Infrastructure Market, By Country, 2019–2024
Table3 Europe Composable Infrastructure Market: By Country, 2019–2024
Table4 Asia-Pacific Composable Infrastructure Market: By Country, 2019–2024
Table5 Middle East & Africa Composable Infrastructure Market: By Country, 2019–2024
Table6 South America Composable Infrastructure Market: By Country, 2019–2024
Table7 North America: Composable Infrastructure Market, By Country, 2019–2024
Table8 North America: Composable Infrastructure Market, By Cloud Type, 2019–2024
Table9 North America: Composable Infrastructure Market, By Type, 2019–2024
Table10 North America: Composable Infrastructure Market, By Organization Size, 2019–2024
Table11 North America: Composable Infrastructure Market, By Vertical, 2019–2024
Table12 Europe: Composable Infrastructure Market, By Country, 2019–2024
Table13 Europe: Composable Infrastructure Market, By Cloud Type, 2019–2024
Table14 Europe: Composable Infrastructure Market, By Type, 2019–2024
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