AI and Cloud computing is fastest growing segment fueling the growth of Composable Infrastructure market
Market Overview:
Composable infrastructure allows creating and modifying IT infrastructure through software to meet changing business needs. It consists of pooled compute, storage, networking, and third-party services that can be centrally composed and orchestrated through software. This allows dynamic composition and disaggregation of resources that can be deployed on-demand.
Market key trends:
One of the key trends in the composable infrastructure market is the increasing adoption of artificial intelligence and cloud computing. Organizations are increasingly leveraging AI technologies for various business functions. However, AI solutions require scale-out infrastructure that can support massive computing power and fast processing speeds. Composable infrastructure fulfills this need by offering flexibility, agility, and scale through disaggregated resources. It allows simple and quick deployment of resources for AI and high-performance computing workloads. This is expected to drive increased demand for composable solutions in the coming years.
Segment Analysis
The global composable infrastructure market is dominated by the hardware segment. Within hardware, servers segment holds the largest share and is expected to continue its dominance during the forecast period. This is due to the increasing adoption of server infrastructure for virtualization and orchestration capabilities. The server segment is followed by storage and network segments.
Key Takeaways
The global Composable Infrastructure Market Demand is expected to witness high growth, exhibiting CAGR of 25% over the forecast period, due to increasing demand for agile, flexible and scale-out infrastructure.
Regional analysis - North America dominates the global composable infrastructure market currently and is expected to continue its dominance during the forecast period. This is attributed to strong presence of composable infrastructure vendors and growing adoption of advanced data center solutions across enterprises in the region. Asia Pacific is expected to exhibit the highest growth rate over the forecast period owing to growing digitalization, rapid industrialization and establishment of hyperscale data centers.
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 developing hardware platforms to offer composable infrastructure solutions and strengthening their presence across regions.
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