Composable Infrastructure Market is Estimated to Witness High Growth Owing to the adoption of Composable Infrastructure for Scalability and Flexibility
Composable Infrastructure Market |
Market Overview:
Composable infrastructure consists of disaggregated,
intelligent, and software-defined compute, storage, and networking resources
that can be composed and recomposed in any combination via an API to support
any workload. It provides flexibility, scalability and agility which makes it
preferable among organizations. Composable infrastructure helps in reducing
operational costs, improving utilization and ensures seamless integration of
new technology into existing infrastructure.
Market key trends:
The increasing demand for remote and digital services across various
industry verticals owing to the ongoing COVID-19 pandemic is driving the
adoption of composable infrastructure. Composable infrastructure supports
remote working by enabling the effective composition and recomposition of
resources based on changing business needs. It provides organizations the
required scalability and flexibility to handle varying workloads remotely. With
composable infrastructure, organizations can easily expand or contract their infrastructure
capacity on demand and deliver applications to employees working from home.
This is expected to significantly drive the growth of the composable
infrastructure market over the forecast period.
Porter’s Analysis:
Threat of new entrants: Low because Composable
Infrastructure Market Demand is dominated by few well established
players who hold majority of market share and new entrants will face barrier in
gaining customer trust.
Bargaining power of buyers: Moderate as there are many solution providers but
buyers can negotiate on large volume and long-term contracts which can improve
their bargaining position.
Bargaining power of suppliers: Low as composable infrastructure solutions
depend on standard components like servers, storage which are easily available
from multiple suppliers. This prevents any individual supplier exploiting their
position.
Threat of new substitutes: Low as composable infrastructure provides unique
advantages over tradition infrastructures in terms of flexibility, scalability
and cost optimization which are not easily substitutable.
Competitive rivalry: High due to presence of technology giants competing on performance,
features and pricing.
SWOT Analysis:
Strengths: Composable solutions enable flexibility, scalability and
optimization of resources which helps in reducing IT costs.
Weaknesses: Lack of awareness about technology and large upfront investments required
for transition from traditional to composable model.
Opportunities: Growing demand for efficient infrastructure due to increasing
data volumes. Hyper converged and software defined solutions are driving
adoption of composable model.
Threats: Integration challenges during transition and technology lock-in with
specific vendors can hamper adoption.
Key Takeaways
The global composable infrastructure market is expected to witness high growth
of 25% over the forecast period, due to increasing data volumes driving the
need for flexible and scalable infrastructure solutions across industries.
Composable infrastructure allows organizations to efficiently scale and
optimize their resources based on changing business needs.
North America captures around 40% share of composable infrastructure market led
by U.S due presence of major solution providers and technology adoption. Asia
Pacific is expected to grow at fastest pace with countries like China and India
generating rising demand for efficient datacenter solutions.
Key players operating in 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., and TidalScale Inc. Major players are focusing on partnerships to
strengthen their product portfolio and market share.
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More:
https://www.dailyprbulletin.com/the-composable-infrastructure-market-emerging-technologies/
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