Converged Infrastructure Solutions and Services Market Expected to Reach US$ 50.56 Bn by 2022 Globally

2024-11-02 03:33:57 News & Society

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Converged infrastructure solutions are pre-integrated packages of hardware and software components designed to collectively deliver a unified solution. Converged infrastructure solutions are primarily designed to provide a centralized access and control of all the IT resources contained in a business setting. Converged infrastructure is looked upon as a way to simplify business operations, increase agility, cut internal staffing costs, and reduce the complexity of maintaining and deploying virtualized solutions.

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Most converged infrastructure suites are tailored according to the specific needs of client businesses and typically include elements such as infrastructure software (including automated management tools, operating systems, collaboration tools, email systems, etc.), networking hardware, storage hardware, and server hardware.

Why are Converged Infrastructure Solutions so Popular?

Converged infrastructure solutions offer benefits such as excellent control over all the IT resources of a business setup in a highly cost-effective and easy manner. According to a new research report published by Transparency Market Research, the global converged infrastructure solutions market will expand at a robust CAGR of 28.9% between 2015 and 2022, rising from US$6.10 billion in 2014 to US$50.56 billion by 2022. There are many factors that explain the rising adoption and robust future growth prospects of the global market for converged infrastructure solutions.

Reduced costs: Usually, the cost of a combination of products is less than the combined cost of individual components. This is also true with converged infrastructure systems. Lower costs of these solutions enable businesses to conserve their capitals and use them for other purposes. Additionally, the infrastructure management software included with most converged infrastructure solutions helps reduce operating expenses due to its simplified system.

Better agility: Owing to the ease of their deployment, scalability, and affordability, converged infrastructure solutions help companies in augmenting existing IT capabilities or adding new one in a quick and cost-effective manner.

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Easy, faster deployment: Converged infrastructures are pre-tested and integrated with other components, so they need less time for installation and configuration. Converged infrastructure solutions are known to cut the time required for application provisioning by up to 75%.

Increased resilience of IT environment: Traditionally, businesses have used hardware-centric strategies for maintaining high availability of applications and resources. While such schemes do give companies good success rates, they also have several drawbacks. For instance, hardware-centric approaches are difficult to modify and need to be replaced when the need for advanced or extended capabilities arises. This makes them a poor option for today?s dynamically changing digital world. These schemes can also be expensive, as companies may need to buy more equipment than is actually required, for the purpose of keeping copies of data.

Market Dynamics

Custom-built solutions are clearly the more preferred converged infrastructure solutions when compared to pre-configured solutions; in 2014, nearly 70% of the overall share of the market was held by custom-built solutions.

On a global level, North America is the largest market for converged infrastructure solutions and services. In 2014, nearly 46% of the global market was held by this regional segment. A chief factor leading to such extensive prospects for the market for converged infrastructure services in this region is the large number of IT organizations and the trending shift from traditional data centers to converged systems for more efficient and scalable results. In the near future, however, the market for converged infrastructure is expected to exhibit the fastest growth in Asia Pacific, at a 32.9% CAGR in the aforementioned forecast period.