Technavio has announced its latest market research report titled global converged infrastructure market 2019-2023. (Graphic: Business Wire)
November 18, 2019 07:00 PM Eastern Standard Time
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global converged infrastructure market since 2015, and the market is poised to grow by USD 25.15 billion during 2019-2023. Request Free Sample Pages
The market is driven by the increasing demand for an alternative solution to the #cloud. Also, the use of #nonvolatilememoryexpress or #NVMe in #hyperconvergedsystems is anticipated to boost the growth of the #convergedinfrastructuremarket further.
Read the 117-page research report with TOC on "Converged Infrastructure Market Analysis Report by Type (certified reference systems & integrated infrastructure; hyperconverged systems; and integrated platforms), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023."
The market is driven by the increasing demand for an alternative solution to the cloud. Also, the use of non-volatile memory express or NVMe in hyper-converged systems is anticipated to boost the growth of the converged infrastructure market further.
Many companies are exploring options to modernize their IT infrastructure, such as migrating their entire IT infrastructure to the cloud. However, the cloud has drawbacks and issues with respect to latency, regulatory compliance, and data security. This is driving the demand for hyperconverged systems that not only meet an organization's requirements but also adhere to regulatory compliance and ensure lower latency. Thus, the increasing demand for an alternative solution to the cloud is expected to drive market growth during the forecast period.
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Major Five Converged Infrastructure Market Companies:
Cisco Systems, Inc.
Cisco Systems, Inc. is headquartered in the US and operates the business under various segments, such as Products and Services. The company offers HyperFlex Systems and FlexPod.
Dell Technologies is headquartered in the US and offers products through the following business units: Client Solutions Group, Infrastructure Solutions Group, and VMware. The company provides VxBlock systems that integrate compute, network, and storage technologies.
Hewlett Packard Enterprise Development LP
Hewlett Packard Enterprise Development LP is headquartered in the US and operates the business under various segments, namely Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The company offers Simplivity and HPE ConvergedSystems.
NetApp, Inc. is headquartered in the US and offers services through the following business segments: Product, Software Maintenance, and Hardware Maintenance, and other services. The company provides FlexPod and NetApp HCI.
Nutanix is headquartered in the US and offers services through the following business segments: Product and Support, entitlement, and other services. The company offers Nutanix Acropolis that can run any application at any scale.
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Converged Infrastructure Type Outlook (Revenue, USD Million, 2019 - 2023)
Certified reference systems & integrated infrastructure
Converged Infrastructure Regional Outlook (Revenue, USD Million, 2019 - 2023)
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