Converged Infrastructure Market Comprehensive Study With Key Trends, Major Drivers And Challenges to reach CAGR of 22.95% 2019-2023
Converged Infrastructure Market 2019 report would originate in convenient to understand your competitors and give you an insight about sales, volumes, revenues in the Converged Infrastructure industry, assists in making strategic decisions. It helps to decide corporate, product, marketing strategy in IT Services,Internet Services and Infrastructure,Software and Services. It reduces the risks involved in making decisions as well as strategies for businesses and individuals interested in the Converged Infrastructure industry. Both established and new players in Converged Infrastructure industry can use report to understand the market. Industry researcher project Converged Infrastructure market was valued at USD 25.15 Billion and CAGR of 22.95% during the period 2019-2023.
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About Converged Infrastructure Market
The simplified management is one of the critical reasons that will drive the converged infrastructure market. The management of converged infrastructure stack is very simple in comparison to a traditional three-tier data center infrastructure. This is because the system management tools used in converged infrastructure provides a single point through which the entire infrastructure can be managed. Unlike the traditional three-tier infrastructure that involves the management costs for each component such as storage arrays, servers, and networking equipment, the converged infrastructure simplifies the task by eliminating the need for specialists with expertise in individual components. The increasing demand for an alternative solution to the cloud is one of the critical reasons that will boost the growth of theconverged infrastructure market size. Numerous businesses are moving their IT infrastructure to the cloud. However, they can experience business risks and the loss of millions of dollars when there is an unplanned downtime in their manufacturing plants. Also, cloud platforms are susceptible to higher latency, regulatory compliance, and data security issues. To overcome these problems, businesses are adopting the hyper-converged system that not only adheres to regulatory compliance but also ensures low latency. These systems bring cloud-like flexibility to the on-premises data centers and ensure added security of data. Our research analysts have predicted that the converged infrastructure market will register a CAGR of nearly 22% by 2023.
- An alternative solution to the cloud
- One of the growth drivers of the global converged infrastructure market is an alternative solution to the cloud
- The value propositions of the hyper-converged system are bringing cloud-like flexibility to the on-premises data centers, which is expected to drive the sales of hyper-converged systems
- Less flexibility of converged infrastructure
- One of the challenges in the growth of the global converged infrastructure market is the less flexibility of converged infrastructure
- The risk of getting locked into a single supplier as there are no industry standards for converged infrastructure as it comprises convergence on a vendor-by-vendor basis
- For the detailed list of factors that will drive and challenge the growth of the converged infrastructure market during 2019-2023, view our report
- The market appears to be highly concentrated with the presence of a few market players
- This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies
Porter’s five forces analysis included in the report educates the buyer on the current situations along with anticipated future Converged Infrastructure market size.
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The report splits the global Converged Infrastructure market intothe Americas, Asia-Pacific, Europe, the Middle East, and Africa Region. The Converged Infrastructure Market report provides a detailed analysis of the key players in the market which provides a company overview,financial overview, service offering, different strategies used by them, and comprehensive SWOT analysis of –
- Cisco Systems, Inc., Dell Technologies, Hewlett Packard Enterprise Development LP, NetApp, Inc., Nutanix
The CAGR of each segment in the Converged Infrastructure market along with the global market (as a whole) is explained with great ease. Also, global and regional Converged Infrastructure market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.
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Influencing Factors of Market:
- Market Environment:- Government Policies, Market Risks, Technological Changes,
- Market Drivers:- Progressing Demand, Cost Reduction, Market Opportunities, Limits, and Challenges.
- Market Size:- Global Size, by Type/Product Category, Applications/End Users, and By Regions/Geography.
- Key Data:- Market Size, Market Share, Product Sales Price, Growth, and Growth Rate.
Research objectives of the Converged Infrastructure market report:
- To analyze the Converged Infrastructure consumption (value and volume), product type and application, history data and forecast to 2023.
- To understand the structure of the Converged Infrastructure market by identifying its various subsegments.
- Focuses on the key Converged Infrastructure manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, swot analysis and development plans in the next few years.
- To analyze the Converged Infrastructure market with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Mr. Ajay More
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Organization: 360 Market Updates
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