by Market Overview:
Composable infrastructure allows organizations to pull together hardware and software resources on demand and to continuously recompose them as business needs change. It provides greater access to shared resources and enables dynamic resource allocation through unified resource pools. This provides flexibility and agility to deploy new applications faster and scale existing environments more efficiently. Composable infrastructure solutions integrate x86 servers, storage, networking, and hyperconverged elements to build customizable IT infrastructure.
Market Dynamics:
The rising adoption of virtualization and DevOps is one of the major drivers of the composable infrastructure market growth. Virtualization allows efficient utilization of resources and reduces capital and operational costs. DevOps adoption accelerates application development and delivery by breaking down the silos between development and operations teams. This drives the need for infrastructure that can adapt according to changing application requirements dynamically. Secondly, the increasing demand for agility and flexibility is also propelling the composable infrastructure market growth. Composable infrastructure enables faster provisioning of resources and continuous reallocation as per business needs. This brings more flexibility and speed compared to traditional rigid infrastructure models.
Segment Analysis
Composable Infrastructure Market Demand is dominated by the Composable platform sub segment which accounts for over 60% of the total market share. The composable platform sub segment is leading as it allows building, deploying, and managing infrastructure as code and provides limitless flexibility and scalability by compositing any resource in any configuration on demand.
PEST Analysis
Political: The market is positively influenced by various government initiatives towards digitization and adoption of advanced technologies across different industries.
Economic: The economic growth of different industries such as healthcare, IT & telecom is driving the adoption of advanced infrastructure solutions such as composable infrastructure.
Social: Increasing reliance on digital technologies and preference for flexible and scalable infrastructure is promoting the demand for composable infrastructure solutions.
Technological: Continuous innovation in the field of disaggregated infrastructure, hyperconvergence, and integration of AI/ML is supporting the growth of the composable infrastructure market.
Key Takeaways
The global Composable Infrastructure Market is expected to witness high growth, exhibiting CAGR of 25.% over the forecast period, due to increasing adoption of advanced infrastructure solutions across industries for building flexible and scalable digital infrastructure. Regional analysis: North America dominated the composable infrastructure market in 2023 and is estimated to continue its dominance during the forecast period. This is attributed to massive technological advancements and increasing digital transformation initiatives across various industries in the region. Asia Pacific is projected to witness highest growth during the forecast period due to rapid industrialization, and growing IT infrastructure in countries such as China and India. Key players: Key players operating in the composable infrastructure market are 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. Major players are focused on developing innovative composable platform solutions integrated with advanced technologies such as AI/ML for aiding digital transformation of enterprises.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
