Global Composable Infrastructure Market Is Estimated To Witness...

Global Composable Infrastructure Market Is Estimated To Witness High Growth Owing To Rising Demand for Scalable and Agile IT Infrastructure Solutions

Posted 2023-09-29 14:47:26

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The Composable Infrastructure Market is estimated to be valued at US$ 2,433.50 Mn in 2021 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 that enables organizations to dynamically compose and recompose resources such as compute, storage, and networking resources, based on their specific workload requirements. This infrastructure provides a flexible and scalable IT environment, allowing businesses to efficiently manage and deploy workloads, thereby enhancing operational efficiency and reducing infrastructure costs. The growing need for scalable and agile IT infrastructure solutions is driving the demand for composable infrastructure in various industries such as IT and telecom, healthcare, BFSI, and others.

Market Dynamics:
The high growth of the composable infrastructure market can be attributed to two primary drivers. Firstly, the increasing adoption of cloud services and virtualization technologies is driving the demand for composable infrastructure. This infrastructure allows businesses to dynamically allocate and manage resources, thereby optimizing resource utilization and enhancing operational efficiency. Secondly, the rising demand for scalable and flexible IT infrastructure solutions to support digital transformation initiatives is fueling the market growth. Composable infrastructure enables organizations to quickly adapt to changing business needs and deploy new services and applications, thereby accelerating digital transformation.

SWOT Analysis:

Strengths:
- Composable infrastructure offers flexibility and scalability, allowing organizations to easily customize and adapt their IT infrastructure to meet changing business needs.
- The market for composable infrastructure is experiencing significant growth, driven by the increasing demand for agile and efficient data center solutions.
- Key players in the market, such as NetApp Inc., Dell EMC, and Hewlett Packard Enterprise, have established a strong presence and expertise in providing composable infrastructure solutions.

Weaknesses:
- Composable infrastructure requires a high level of IT expertise and resources to implement and manage effectively, which may limit its adoption among smaller organizations.
- The initial investment cost for implementing composable infrastructure can be high, including the purchase of hardware and software components, as well as the training of IT staff.

Opportunities:
- The increasing adoption of cloud computing and virtualization technologies provides a favorable environment for the growth of the composable infrastructure market.
- The market expansion into emerging economies, where organizations are investing in modernizing their IT infrastructure, presents significant growth opportunities.

Threats:
- The presence of substitute technologies, such as hyperconverged infrastructure, could pose a threat to the growth of the composable infrastructure market.
- Data security concerns and the need for robust cybersecurity measures may hinder the adoption 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), due to increasing demand for agile and efficient data center solutions.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the composable infrastructure market. The region's advanced IT infrastructure, large-scale adoption of cloud computing, and presence of key market players contribute to this growth.

Key players operating in the composable infrastructure market include NetApp Inc., Nutanix Inc., Dell EMC, Hewlett Packard Enterprise Co., Juniper Networks Inc., Western Digital Corp., Lenovo Group Limited, Liqid Inc., Fungible Inc., and TidalScale Inc. These players have established strong market presence and offer a wide range of composable infrastructure solutions to meet the diverse needs of organizations.