by The Composable Infrastructure market is estimated to be valued at US$ 2433.50 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 architecture that enables organizations to dynamically allocate and reallocate resources according to their changing business needs. It allows the efficient pooling of compute, storage, and networking resources, providing organizations with a flexible and scalable data center infrastructure. This enables faster deployment of applications and improves overall operational efficiency. Composable infrastructure also offers increased agility, as it allows organizations to easily adapt to changing workloads and IT environments. The adoption of composable infrastructure solutions is particularly beneficial for businesses with high-performance computing requirements, such as data analytics and artificial intelligence.
Market Dynamics:
The high growth of the composable infrastructure market can be attributed to two key drivers. Firstly, the increasing demand for scalable and agile data center solutions is driving the adoption of composable infrastructure. Organizations are increasingly looking for solutions that can help them scale their IT resources quickly and efficiently, in order to support their rapidly changing business needs. Composable infrastructure offers the flexibility to allocate and reallocate resources on-demand, enabling organizations to achieve greater agility and respond to market demands faster.
Secondly, the rising adoption of advanced technologies such as cloud computing, big data analytics, and artificial intelligence is also fueling the demand for composable infrastructure. These technologies require high-performance computing capabilities and flexible infrastructure to handle large volumes of data and complex workloads. Composable infrastructure provides the necessary scalability, agility, and performance to support these advanced technologies, thereby driving its demand in the market
SWOT Analysis:
- Strength: Composable infrastructure market is expected to witness high growth due to its ability to provide scalability, flexibility, and cost-effectiveness to businesses. The increasing adoption of cloud computing and data analytics is driving the demand for composable infrastructure solutions.
- Weakness: One of the weaknesses of the composable infrastructure market is the lack of awareness and understanding among businesses about its benefits and implementation. Moreover, the high initial investment required for deploying composable infrastructure solutions can be a deterrent for small and medium-sized enterprises.
- Opportunity: The increasing digital transformation initiatives across various industries present a significant opportunity for the composable infrastructure market. The integration of artificial intelligence and machine learning technologies into composable infrastructure solutions can further enhance its capabilities and create new opportunities for growth.
- Threats: The presence of alternative infrastructure solutions, such as hyper-converged infrastructure and traditional data center infrastructure, pose a threat to the growth of the composable infrastructure market. Additionally, concerns regarding data security and privacy can also hinder the adoption of composable infrastructure solutions.
Key Takeaways:
The Global Composable Infrastructure Market Growth is expected to witness high, exhibiting a CAGR of 25% over the forecast period, due to increasing adoption of cloud computing and data analytics in various industries.
In terms of regional analysis, North America is expected to be the fastest growing and dominating region in the composable infrastructure market. The region has a strong presence of key players, advanced IT infrastructure, and a large number of businesses adopting digital transformation initiatives.
Key players operating in the composable infrastructure market include NetApp Inc., Nutanix Inc., Dell EMC (Dell Technologies Inc.), Hewlett Packard Enterprise Co., Juniper Networks Inc., Western Digital Corp., Lenovo Group Limited, Liqid Inc., Fungible Inc., and TidalScale Inc. These players are actively involved in product development, partnerships, and collaborations to gain a competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
