Market Dynamics:
The Composable Infrastructure Market Demand is expected to witness significant growth owing to growing need for flexible and agile infrastructure across industries to support modern applications and workloads. Composable infrastructure allows building infrastructure logically and delivering resources as a service based on application needs. This brings flexibility to scale infrastructure up or down instantaneously based on dynamic workload requirements. Another major driver fueling the market growth is the rising trend of adopting hyper-converged infrastructure and software-defined data centers among organizations. Composable infrastructure is well-aligned with these architectures by allowing disaggregation of resources and delivering them on-demand through simple abstractions. This simplifies infrastructure management and reduces capital expenditure. SWOT Analysis Strength: Composable infrastructure provides flexibility and scalability as infrastructure resources like compute, storage and networking can be pooled and configured on demand as per changing business needs. This capability reduces IT overhead and optimizes resource utilization. It allows dynamic reallocation of resources for better agility. Composability enables pay-as-you-grow model reducing upfront capital expenditure. Weakness: Composable infrastructure solutions require heavy virtualization which adds additional layer of complexity. Troubleshooting virtualized environments can be challenging for organizations with limited IT expertise. Switching to composable model requires companies to migrate and reformulate existing applications which needs resources and efforts. Opportunity: Increasing adoption of hybrid cloud is driving demand for infrastructure that can seamlessly span on-premises and cloud-based resources. Composable solutions fulfill this requirement allowing workload portability. Rise of data driven technologies like AI/ML, IoT and big data analytics are generating need for scalable, on-demand infrastructure which composable platform addresses. Threats: Competing hyper converged and software defined infrastructure solutions also provide agility and scalability at reduced costs. Established players in server, storage and networking domains can leverage their large customer base and bundle composable offerings limiting market footprint of emerging vendors. 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 hybrid cloud by enterprises. Hybrid cloud models require a unified infrastructure that seamlessly incorporates on-premises and public cloud-based assets for which composable infrastructure offers an ideal solution. Regional analysis: North America dominated the composable infrastructure market in 2023, accounting for around 35% share. Presence of majority key players and early adoption of advanced technologies by U.S. enterprises have contributed to the large market share. Asia Pacific is projected to grow at fastest pace during the forecast period led by growing IT modernization efforts of companies in China, India and Japan. 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 focusing on partnerships and collaborations to expand offerings and customer base. For instance, in 2022 NetApp partnered with Fungible to integrate its all-flash storage system with NetApp composable infrastructure platform. Read More: https://www.marketwebjournal.com/the-new-avanue-for-composable-infrastructure-market/
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March 2024
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