Composable Infrastructure Market Expected to Rise at A High CAGR, Driving Robust Sales and Revenue till 2030

In a recent published report, Kenneth Research has updated the market report for Composable Infrastructure Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Composable Infrastructure Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

Market Synopsis

The global market for composable infrastructure is estimated to reach a market value of USD 5.80 billion by 2024 growing at a 58.10% CAGR during the forecast period 2019–2024. The market is at a nascent stage with rising adoption among enterprises to maximize speed, agility, and efficiency of core IT and data center infrastructure. Growing demand for composable infrastructure for improved productivity, enhance utilization of storage resources, quicker provisioning of infrastructure, workload and applications, reducing downtime and operational costs are the major factors that drive the market growth.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Composable infrastructure, also known as disaggregated infrastruture or Infrastructure-as-a-Code,  is a category of datacenter infrastructure in which compute, storage, and network resources are extracted from their physical locations and made available on-demand as cloud services. Composable infrastructure allows these resources to be managed through software over web-based interface. Composable infrastructure allows IT administrators and developers to utilize infrastructure as a code to manage IT environment within a data center. Moreover, composable infrastructure allows cohosting of current-generation applications (CGAs) and next-generation applications (NGAs).

With Infrastructure-as-a-Code developers are capable of integrating infrastructure provisioning commands directly into application development process, enabling faster deployment of applications. Another core feature of composable infrastructure is fluid resource pool allowing composition and recomposition of blocks of disaggregated compute, storage, and network infrastructure. Logical pooling of resources help organizations to reduce underutilization and overprovisioning, faciltating agility and cost-effectiveness in data centers. One of the core principles involved in designing composable infrastructure is software-defined intelligence, that offers single management interface for integrating operational silos with workload templates which reduces complexity and downtime in data centers. IT teams in organizations are adopting composable infrastructure to reduce overprovisioning and capital expenditure, faster deployment of resources, quicker development of applications, and perform seemless firmware updates.

However, lack of skilled IT staff, complexities associated with intergating composable infrastructure into the traditional infrastructre and management tools, concerns over single point of failure, and single vendor lock-in are some of the major challenges that may limit the adoption of composable infrastructure restricting the market growth in the coming years.

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Segmentation

By cloud type, the market is segmented into public, private, and hybrid.By type, the market is segmented into hardware and software.By organization size, the market is segmented into large enterprises and SMEs.By vertical, the market is segmented into IT and telecommunication, BFSI, government, healthcare, manufacturing and others.Global Composable Infrastructure Market, 2018-2024 (USD Million)

Regional analysis

The market for global composable infrastructure is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of user activity monitoring market has been studied for North America (US, Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, the rest of Europe),  Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).

At present, North America holds the largest market share owing to the presence of key market players such as Hewlett Packard Enterprise Company, HGST Inc., Dell EMC, and Cisco Systems Inc., investing in development of composable infrastructure for data centers driving the market growth. Growing demand for enterprise applications and adoption of composable infrastructure for reduction in operational expenses among enterprises in the US, Canada, and Mexico also foster the market growth in this region.

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Europe region accounted for the second largest market share owing to growing adoption of composable infrastructure in countries such as the UK, Germany, France, Spain, Italy and other European countries. The adoption is dominated by IT and telecom industry in this region and the growth rate is expected to be higher in the BFSI sector in Europe.

Asia-Pacific region accounted for the third-largest market share and is expected to attain the highest growth due to growing number of data centers opting composable infrastructure in China, Japan, India, Singapore, Australia and other Asian countries.The Middle East and Africa region is expected to achieve a substantial growth and presents numerous opportunities for key market players to invest in this technology.

Key players

The prominent players in the market of Global Composable Infrasrtructure  are Hewlett Packard Enterprise Company, HGST Inc., Dell EMC, Cisco Systems Inc., Lenovo Group Ltd., DriveScale Inc., TidalScale Inc., Liqid Inc., OSS, Cloudistics, and Quanta Cloud Technology.

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

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Intended Audience

Data center infrastructure providers

Cloud service providers

IT infrastructure providers

Compute and storage systems providers

Cloud network equipment providers

Data center network equipment providers

Research institutes and organizations

Telecommunication enterprises

Software Defined Networking Vendors

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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