Latest News- Hyper Converged Infrastructure Market: Solutions is expected to lead the Component segment during 2025-2029

The Hyper Converged Infrastructure Market is being driven by Increasing demand for data protection

The Hyper Converged Infrastructure Market is expected to grow at a CAGR of 47.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 252.9 billion. Hyper Converged Infrastructure (HCI) systems offer businesses significant advantages, including ease of scalability through the addition or removal of nodes. However, traditional HCI systems present limitations, as they often require the addition of entire server nodes when only additional compute or storage is needed. This approach, known as HCI taxes, can increase overall licensing costs. Innovative companies have addressed this issue by enabling independent scaling of computation and storage resources, allowing businesses to optimize their IT investments more effectively. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Solutions
  • Services
• End-user
  • Financial services
  • Healthcare
  • Education
  • Government
  • Others
• Application
  • Large enterprises
  • SMEs
• Type
  • Virtual desktop infrastructure
  • Data center consolidation
  • Virtualizing critical applications
  • Backup and disaster recovery
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for data protection
• Reduction in TCO
• Simplicity in management

However, the market also witnesses some limitations, which are as follows:

• Impact of composable infrastructure on HCI
• HCI appliances lacking data services
• Increase in overall licensing cost

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Market Scope in Hyper Converged Infrastructure Market Research Report

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Research Analysis Overview

The Hyper Converged Infrastructure (HCI) market is experiencing significant growth due to the shift from capital expenditure to operational expenditure model. HCI's advantages, such as disaster recovery, deduplication, and compression, require less hardware, including SolidState Drives. Economic conditions, infrastructure refresh, and data management also drive demand. Scale Computing, Servers, and Storage are key components, along with distributed infrastructure and intelligent software. Legacy infrastructure, commodity datacenter, and digital services are being replaced. Remote work, online collaboration, and digital technology increase the need for data security, disaster recovery, and software-defined storage. Data breaches, connected devices, colocation services, virtual desktops, and knowledge platforms also contribute to market growth.

Market Research Overview

The Hyper Converged Infrastructure (HCI) market is a segment of the larger Global Technology Hardware, Storage, and Peripherals Market, according to Technavio. This market encompasses manufacturers of various technology hardware, including cellular phones, personal computers, servers, and peripherals. For HCI specifically, capital expenditure pertains to the purchase of hardware, while operational expenditure covers ongoing maintenance and support costs. Key HCI technologies like deduplication and compression help minimize hardware requirements and storage costs. Disaster recovery solutions ensure business continuity, adding to operational expenditure. Technavio projects the Global Technology Hardware, Storage, and Peripherals Market growth, driven by the increasing 4Vs (Volume, Velocity, Veracity, and Variety) of data, leading to a higher demand for data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/