Growing IT & Telecommunication Industry to give Boost to the Converged Infrastructure Market

The converged infrastructure market worldwide is estimated to expand with a CAGR of 18.6% over the period from 2023 to 2030, starting from US$ 26.83 Bn in 2021. Growth of cloud services market and IT industry to boost the demand for converged infrastructure market.  Organizational shift towards self-service model from self-managed, self-owned hardware model is also helping the market growth. Growing IT needs towards cloud-based services is another factor for the market growth. Reduce complexity, eliminated hardware related issues and other benefits of converged infrastructure to boost the market demand. Thus, we are expecting tremendous growth in the converged infrastructure market throughout the forecast period. 

IT & Telecommunication Industry to Continue Leading the Market

The converged infrastructure market by end-use was governed by IT & telecommunication industry segment in 2021. The segment had around 32% market share in the same year. Growth of IT industry worldwide is the major reason for the segment dominance. The IT industry was valued at around US$ 4.90 Tn in 2020 and growing at a CAGR of nearly 5.5% in years to come. Rising demand for big data and growing need for customized storage services are some of the other factors driving the segment growth. Consequently, we are expecting that the IT and telecommunication segment will continue its dominance in the market. 

Asia Pacific to be the Fastest Growing Region

Converged infrastructure market was led by North America region in 2021 with around 35% of the revenue share worldwide. North America was the leader owing to increased IT industry. On the other hand, Asia Pacific will show fastest growing region throughout the forecast period. Growing manufacturing industry and rising IT industry are the major reasons for the growth of Asia Pacific region. Growing need for cloud services in the region are also boosting the demand for converged infrastructure in Asia Pacific. Consequently, we presume that the Asia Pacific region to be the fastest growing during the forecast period. 

Some of the prominent players operating in the converged infrastructure market Nutanix, Inc., Hitachi Data Systems, Oracle Corporation, IBM Corporation, Hewlett-Packard Enterprise, Cisco System, Inc., VMware Inc., Dell EMC., Scale Computing, and NetApp, Inc. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Converged Infrastructure market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Converged Infrastructure market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Converged Infrastructure market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Converged Infrastructure market?
• Which is the largest regional market for Converged Infrastructure market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Converged Infrastructure market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Converged Infrastructure market worldwide?