Global Composable Infrastructure Market Size By Component (Software, Hardware), By Application (BFSI, IT and Telecom, Government, Healthcare), By Geographic Scope And Forecast
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Composable Infrastructure Market Size By Component (Software, Hardware), By Application (BFSI, IT and Telecom, Government, Healthcare), By Geographic Scope And Forecast
Composable Infrastructure Market Size And Forecast
Composable Infrastructure Market size was valued at USD 4.82 Billion in 2022 and is projected to reach USD 23.36 Billion by 2030, growing at a CAGR of 21.8% from 2023 to 2030.
Composable infrastructure decouples resources from the hardware they run on, pools them into a form that can be accessed from anywhere in the data center, and then uses software to furnish workloads with just the amount of resources they require. The Global Composable Infrastructure Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Composable Infrastructure Market Definition
A data center architectural idea called composable infrastructure isolates high-performance applications and workloads from the hardware they need. Data center resources are divided up into pools by a composable data center infrastructure based on where they will perform at any given time. Traditionally, data centers’ custom-configured servers were used to run storage, computation, and networking services. In order to improve the speed and efficiency of IT resources, data centers have undergone several architecture upgrades, including converged and hyper-converged infrastructures. Composable infrastructure has the same objective.
The software specifies a method of disaggregation known as composable infrastructure, also referred to as composability. Disaggregation divides resources from hardware in a data center and connects them without using the network fabric. Software-defined infrastructures allow resources and applications to be controlled by software instead of the underlying hardware. A dedicated API or software platform known as a “composer” is used to prepare hardware so that IT teams don’t have to manually set up and provision each component of the architecture. Based on the current demand, the composer divides the resources into pools.
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Global Composable Infrastructure Market Overview
The rising desire for increased IT staff productivity is a major factor contributing to the expansion of the Global Composable Infrastructure Market. Intelligent programming that enables managers to quickly ascertain which resources are accessible and whether the hardware is configured correctly is a prerequisite for composable infrastructure. Composable systems also use automatic diagnostics to locate hardware problems, simplifying data center operations. This amount of self-organization can significantly reduce the requirement for human intervention, especially in rote tasks.
Productivity increases as a result, and human mistake rates decrease. As a result, the market for compostable infrastructure continues to expand. The necessity for intelligent programming that enables managers to quickly ascertain which resources are available and whether the hardware is configured effectively also motivates the development of composable infrastructure. Composable systems also use automatic diagnostics to locate hardware problems, simplifying data center operations.
This amount of self-organization can significantly reduce the requirement for human intervention, especially in rote tasks. Productivity increases as a result, and human mistake rates decrease. Composable Infrastructure Market demand is expanding along with the need for workplace agility. With a composable system, organizations can easily introduce new applications that advance business growth. Additionally, to ensure that they continue to meet the objectives of the company, these systems can be quickly linked with broad company objectives.
Global Composable Infrastructure Market Segmentation Analysis
The Global Composable Infrastructure Market is segmented on the basis of Component, Application, and Geography.
Composable Infrastructure Market, By Component
- Software
- Hardware
Based on Component, the market is segmented into Software and Hardware. The hardware component is expected to register a major share on account of the organization’s preference to install the necessary equipment to support the adoption of the able productive infrastructure, The major hardware equipment includes all the on-premise systems such as software licenses, switches, keys, in-house data centers/servers, database software, racks, consoles, operating systems, and other related hardware.
Composable Infrastructure Market, By Application
- BFSI
- IT and Telecom
- Government
- Healthcare
- Manufacturing
- Others
Based on Application, the market is segmented into BFSI, IT and Telecom, Government, Healthcare, Manufacturing, and Others. The application, IT, and Telecom segment is expected to occupy a major share. IT administrators and developers use infrastructure as code to control their internal environments. The unified API integrates dozens of popular management tools.
Composable Infrastructure Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Composable Infrastructure Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America owing to the region’s presence of the major IT businesses of the market. The expanding adoption of automation combined with the trend to increasingly demanding AI-driven applications is aiding the share of the regional market.
Key Players
The “Global Composable Infrastructure Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Dell EMC (Dell Technologies Inc), Nutanix Inc, Juniper Networks, Inc., TidalScale, Inc., Liqid Inc., Lenovo Group Limited, NetApp Inc., Western Digital Corp, Hewlett Packard Enterprise Co, DriveScale, Inc. others are prominent manufacturers operating in the market.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In Oct 2022Finxact, a Fiserve company in the US, teamed up with PwC to offer financial institutions cutting-edge cloud solutions for the industry. By this agreement, financial institutions will be able to introduce their clients to commercial cloud products.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Composable Infrastructure Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Composable Infrastructure Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2019-2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Dell EMC (Dell Technologies Inc), Nutanix Inc, Juniper Networks, Inc., TidalScale, Inc., Liqid Inc., Lenovo Group Limited. |
Segments Covered |
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Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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