PUBLISHER: SkyQuest | PRODUCT CODE: 1427171
PUBLISHER: SkyQuest | PRODUCT CODE: 1427171
Global Composable Infrastructure Market size was valued at USD 4.03 Billion in 2022 and is poised to grow from USD 6.06 Billion in 2023 to USD 158.71 Billion by 2031, at a CAGR of 50.4% during the forecast period (2024-2031).
The Global Composable Infrastructure Market is positioned for expansion owing to heightened demand for efficient application performance and business analytics workloads. During this period, composable infrastructures have played a pivotal role, enabling firms to virtualize their entire IT infrastructure and embrace adaptable solutions, thus fuelling market growth. Composable infrastructure has become indispensable for organizations in fostering remote working cultures, enhancing task synchronization, and improving overall efficiency. Hewlett Packard Enterprise (HPE) introduced the HPE SimpliVity 325 Gen 10 Hyper-Converged Infrastructure (HCI) solution to facilitate remote workforces and lower costs. Streamlining infrastructure complexities and providing a unified model across enterprises have also contributed to market growth. Composable infrastructure facilitates automatic integration and seamless operations, enabling organizations to cultivate open learning environments while minimizing the need for extensive staff training. Heightened concerns regarding data security have driven organizations to adopt composable infrastructure solutions, as they offer on-premise data protection. Additionally, the need to bridge the IT productivity gap and efficiently manage available resources has spurred market demand. Composable infrastructure enables resource pooling without disrupting existing IT infrastructure, thanks to its programmable control capabilities and unified management interface. It eliminates the need for separately managing physical workloads, enabling remote reconfiguration of physical assets and systems. Market growth has also been supported by the increasing consolidation of data centers and the adoption of DevOps agility. Consequently, organizations can deliver previously isolated systems and operations as a service using composable infrastructure. Many IT and telecom enterprises are turning to composable infrastructure solutions to accelerate their processes, data management, and innovation, as conventional bare-metal and virtualization approaches fall short of their requirements. Composable infrastructure solutions, such as those offered by Liqid Inc., provide cloud-like agility and enable resource utilization at any scale. Key features like infrastructure on demand, ease of use, agility, and built-in automation and orchestration are expected to propel market growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Composable Infrastructure Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.
Global Composable Infrastructure Market Segmental Analysis
Global Composable Infrastructure Market is segmented by type, end-user, and region. Based on type, the market can be segmented into hardware, and software. Based on end-user, the market is segmented into BFSI, IT and telecommunication. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Global Composable Infrastructure Market
One significant driver in the composable infrastructure market is the increasing demand for efficient and high-performance application delivery. Organizations across various sectors are seeking agile and scalable IT infrastructure solutions to optimize application performance and support their digital transformation initiatives. Composable infrastructure offers the flexibility and adaptability required to virtualize the entire IT infrastructure, allowing organizations to dynamically allocate and manage resources based on application needs. This driver is pushing the adoption of composable infrastructure solutions and fuelling market growth.
Restraints in the Global Composable Infrastructure Market
A significant limitation in the composable infrastructure market lies in the complexity associated with shifting from traditional IT infrastructure to composable infrastructure solutions. Challenges related to implementation, integration, and the requirement for skilled personnel can impede the adoption of composable infrastructure. Moreover, apprehensions regarding data security and privacy may serve as barriers for organizations contemplating the transition to composable infrastructure. The intricacy and potential risks linked with the transition process present hurdles that must be diligently addressed to facilitate the widespread adoption of composable infrastructure solutions.
Market Trends of the Global Composable Infrastructure Market
A significant trend in the composable infrastructure market is the rising embrace of hybrid cloud and multi-cloud environments. Organizations are increasingly turning to composable infrastructure to facilitate the smooth integration and coordination of resources across various cloud platforms. This trend is propelled by the necessity for flexibility, scalability, and cost-effectiveness in handling intricate IT infrastructures. Composable infrastructure enables organizations to dynamically allocate resources, distribute workloads across multiple clouds, and enhance performance tailored to specific business needs. The adoption of hybrid and multi-cloud strategies is anticipated to persist as organizations aim for a unified and effective IT infrastructure.