Composable infrastructure solutions enable efficient management of IT resources by disaggregating resources like compute, storage, and networking to dynamically compose them as virtual services. This leads to optimized utilization of infrastructure through pay-as-you-go consumption model. Composable infrastructure provides scalability with flexibility to add or remove resources as business needs change. The on-demand provisioning of resources helps avoid over-provisioning of IT assets and lowers infrastructure costs. This composable approach also delivers high availability through intelligent resource monitoring and redundancy mechanisms. The global Composable Infrastructure Market is estimated to be valued at US$ 4.6 Billion in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the composable infrastructure market is majorly driven by the ability of composable solutions to scale resources dynamically as per business needs. Composable infrastructure provides flexibility to add or reduce computing, storage, or networking resources on the fly through software-defined protocols. This helps avoid over-provisioning of IT infrastructure and enables pay-as-you-go consumption of resources. As business needs fluctuate frequently due to changing market conditions, composable infrastructure ensures optimal allocation of resources to support these changing workloads. Its pay-as-you-consume model also lowers capital expenditure on procuring additional hardware during peak workload periods. This scalability and flexible consumption-based pricing of composable infrastructure is accelerating its adoption across industries.
Segment Analysis
The global composable infrastructure market is dominated by the storage segment. This is primarily due to the increasing data volumes generated across industries. With enterprises adopting virtualization, their storage needs are also growing exponentially. The composable infrastructure allows organizations to dynamically allocate storage capacity as per changing requirements. This brings agility to storage management.
Key Takeaways
The Global Composable Infrastructure Market Size is expected to witness high growth over the forecast period, driven by the growing popularity of hyperconverged infrastructure and increasing investments in digital transformation initiatives by enterprises.
Regional analysis: North America currently dominates the global composable infrastructure market. This is mainly because of the heavy investments in cutting-edge technologies by leading technology companies and early adoption of cloud computing in this region. The region is expected to continue its dominance during the forecast period as well. Asia Pacific is expected to be the fastest growing regional market for composable infrastructure. Countries like China, India are witnessing exponential growth in their digitalization activities. Also, there is a strong government support for technology adoption.
Key players operating in the composable infrastructure market are Hewlett Packard Enterprise, Cisco, and DriveScale. Hewlett Packard Enterprise offers Synergy, which is a composable infrastructure product that integrates compute, storage and networking flexibly. Cisco's container platform, Cisco Container Platform provides elastic scalability through composable infrastructure. DriveScale allows enterprises to build and deploy any application on any infrastructure by enabling composable disaggregated infrastructure across existing data centers, networks, and clouds.
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https://www.newsstatix.com/composable-infrastructure-market-size-share-growth-outlook-2023/
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