by The global Composable Infrastructure Market is estimated to be valued at US$ 2433.50 Mn in 2022 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 IT infrastructure that allows organizations to manage their physical resources as software, providing flexibility and agility to meet changing business demands. Composable infrastructure enables the allocation of resources based on specific workload requirements, improving overall efficiency and reducing costs. The need for scalable and agile infrastructure solutions to support the growing IT requirements of businesses is driving the demand for composable infrastructure.
Market Key Trends:
One key trend in the composable infrastructure market is the increasing adoption of hyper-converged infrastructure (HCI). HCI combines compute, storage, and networking in a single system, providing a streamlined and easily scalable infrastructure solution. The modular design and integrated management capabilities of HCI make it an attractive option for organizations looking to simplify their IT infrastructure management and reduce costs. Additionally, HCI offers improved performance and flexibility, enabling organizations to quickly adapt to changing business needs. As a result, the adoption of HCI is expected to witness significant growth in the composable infrastructure market over the forecast period.
Threat of new entrants: The threat of new entrants in the composable infrastructure market is relatively low. This is due to the high initial investment required to enter the market, as well as the complex nature of the technology involved. Additionally, there are already established players in the market who have strong brand recognition and customer loyalty.
Bargaining power of buyers: The bargaining power of buyers in the composable infrastructure market is relatively high. This is because there are several options available for buyers to choose from, and they can easily switch between suppliers if they are not satisfied with the product or service. Buyers also have the power to negotiate prices and contract terms, especially if they are purchasing in bulk.
Bargaining power of suppliers: The bargaining power of suppliers in the composable infrastructure market is relatively low. This is due to the fact that there are multiple suppliers available in the market, providing a wide range of products and services. Additionally, the modular nature of composable infrastructure allows buyers to easily switch suppliers if they are not satisfied.
Threat of new substitutes: The threat of new substitutes in the composable infrastructure market is relatively low. This is because composable infrastructure offers unique benefits and advantages compared to traditional infrastructure models. The ability to dynamically allocate and scale resources makes it difficult for substitutes to replicate the flexibility and efficiency of composable infrastructure.
Competitive rivalry: The competitive rivalry in the composable infrastructure market is high. There are several key players operating in the market, each with their own unique offerings and competitive advantages. As a result, companies in the market are constantly innovating and improving their products and services to gain a competitive edge.
Key Takeaways
The global Composable Infrastructure Market Share is expected to witness high growth, exhibiting a CAGR of 25% over the forecast period of 2022-2030. This growth can be attributed to increasing demand for flexible and scalable infrastructure solutions in industries such as IT & telecom, BFSI, healthcare, and others. The ability of composable infrastructure to significantly improve resource utilization and reduce IT operational costs is also driving its adoption.
In terms of regional analysis, North America is expected to be the fastest growing and dominating region in the composable infrastructure market. This can be attributed to the presence of major players in the region, as well as the high adoption rate of advanced IT infrastructure solutions in industries such as IT & telecom, healthcare, and BFSI.
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 focusing on strategies such as partnerships, collaborations, and product launches to enhance their market presence and gain a competitive edge.
The composable infrastructure market is poised for significant growth and offers lucrative opportunities for key players. The increasing demand for flexible and scalable infrastructure solutions, along with the benefits of improved resource utilization and cost savings, are driving the adoption of composable infrastructure in various industries. Additionally, the dominance of North America in the market and the presence of major players further contribute to the market’s growth potential.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
