by The global Composable Infrastructure Market is estimated to be valued at US$ 2433.50 Mn in 2021 and is expected to exhibit a CAGR of 25% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Composable infrastructure refers to a software-defined architecture that enables organizations to create and manage IT infrastructure resources dynamically. It allows for the composition and re-composition of physical and virtual resources, such as compute, storage, and networking, based on specific workload requirements. This flexibility offers significant advantages, including increased agility, scalability, and cost-efficiency. With the growing digital transformation initiatives and the need for organizations to rapidly adapt to changing business requirements, the demand for composable infrastructure solutions is expected to surge in the coming years.
Market Key Trends:
The key trend driving the growth of the composable infrastructure market is the increasing adoption of cloud-native applications. Cloud-native applications are built using a combination of containers, microservices, and cloud infrastructure, and they are designed to be highly scalable, resilient, and agile. Composable infrastructure provides the necessary infrastructure agility and scalability required for cloud-native applications, making it an ideal choice for organizations adopting these applications.
Furthermore, the rising demand for DevOps and agile methodologies in software development is also fueling the adoption of composable infrastructure. DevOps emphasizes collaboration, automation, and continuous delivery, and composable infrastructure enables organizations to quickly provision and deprovision resources based on the needs of the development and testing processes.
Additionally, the increasing focus on data center consolidation and virtualization is driving the demand for composable infrastructure solutions. Composable infrastructure allows organizations to consolidate their physical infrastructure by pooling and dynamically allocating resources, resulting in cost savings and improved operational efficiency.
PEST Analysis:
- Political: The political landscape is an important factor for the composable infrastructure market. Government regulations and policies can impact the adoption and implementation of composable infrastructure solutions. For example, changes in data privacy laws or cybersecurity regulations may affect the demand for such systems.
- Economic: The economic factor plays a crucial role in the growth of the composable infrastructure market. Economic stability and growth contribute to increased IT investments by organizations, which in turn drives the demand for advanced infrastructure solutions. Additionally, cost-efficiency and scalability offered by composable infrastructure can be attractive to businesses looking to optimize their IT spending.
- Social: Social factors such as changing demographics, workforce trends, and digital transformation initiatives can influence the demand for composable infrastructure. With the growing reliance on cloud computing and the need for agile IT infrastructure, businesses are increasingly adopting composable infrastructure to meet the evolving needs of their digitally-driven operations.
- Technological: Technological advancements and innovation drive the composable infrastructure market. The rise of software-defined infrastructure and the demand for flexible, scalable, and automated IT solutions are key technological drivers. Additionally, the integration of artificial intelligence and machine learning capabilities into composable infrastructure systems enables intelligent resource allocation and optimization.
Key Takeaways:
The Composable Infrastructure Market Demand is expected to witness high growth, exhibiting a CAGR of 25% over the forecast period of 2022-2030. This growth can be attributed to the increasing demand for flexible and scalable IT infrastructure solutions in various industries. The market’s size in 2021 was valued at US$ 2433.50 Mn.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the composable infrastructure market. The region’s advanced IT infrastructure, presence of key technological players, and the high adoption rate of cloud computing contribute to its market dominance.
Key players operating in the composable infrastructure market include 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. These players are actively involved in product development, partnerships, and expansions to gain a competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
