Converged Infrastructure Solutions and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022
Albany, NY -- (SBWIRE) -- 07/14/2015 -- According to a new market report published by Transparency Market Research "Converged Infrastructure Solutions and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022", the global converged infrastructure solutions and services market is expected to reach a value of US$ 50.56 Bn by 2022. The market is estimated to grow at a CAGR of 28.9% during the forecast period from 2015 to 2022. The rising demand for business acceleration, lowering operational costs, reduction in IT staff, risk minimization, cloud adoption and more bandwidth utilization are some of the key factors driving the growth of converged infrastructure solutions and services market, globally.
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North America was the largest market for converged infrastructure solutions and services in the year 2014 with a market share of around 46%. IT organizations in North America are replacing their existing traditional data centers to converged type to avail benefits such as more efficiency, scalability and reduced IT staffs. Private clouds have become the favored choice for developers in North America that further makes converged infrastructure solutions ideal for them. The Asia Pacific region is expected to be the fastest growing market for converged infrastructure solutions and services with an estimated CAGR of 32.9% during the forecast period. The use of digital technology in government sector in Asia Pacific has increased considerably in order to transform governance, hence providing better opportunities for the converged infrastructure vendors. Large investments made for the management of automation tools are expected to fuel the growth of converged infrastructure market in this region.
Custom-built converged infrastructure solutions occupied approximately 70% share of the total converged infrastructure market in 2014. Enterprises prefer customized solutions according to their specific requirements. In case, the pre-configured systems do not match the customer requirements, there is chance of huge loss for the enterprises. On the basis of component types, the converged infrastructure services held the largest share of around 59% in 2014. The complex initial deployment of converged infrastructure has increased the demand for converged infrastructure services among the organizations. This also helps in analyzing the performance, industry standards, and develop required business strategies for the organizations that would fuel the growth of converged infrastructure services market during the coming years
IT and Telecom segment was the largest end-use sector of the converged infrastructure solutions and services market in 2014. The converged system includes the integrated networking and storage systems that is easy to manage. It reduces the operational as well as capital costs to the communications service providers enabling better service deployments. IT and Telecom sector handles a huge amount of data and requires high storage capacity which further increases the need of converged infrastructure solutions in their systems. The telecommunication industry has been experiencing transformation from recent years with more demand for sophisticated, customized communications services.
The public sector is experiencing a significant growth in demand for converged infrastructure solutions and services. The converged infrastructure solutions enable the public sector organizations to balance the workflows that fluctuates according to the changing technological trends and also help in fast and smooth processing of various e-government initiatives. During the coming years, Asia Pacific would be a key region driving the demand for converged infrastructure solutions and services. As converged infrastructure solutions and services market is experiencing considerable growth from recent years, the number of vendors providing these solutions and services have also grown. Some of the key vendors providing converged infrastructure solutions and services in 2014 include VCE Company, Cisco Systems, Inc., Hewlett-Packard Company, Oracle Corporation, SimpliVity Corporation, Nutanix, Inc., IBM Corporation, Dell, Inc., Hitachi Data Systems and EMC Corporation.
IT and Telecom was the largest end-use segment of the converged infrastructure solutions and services market, accounting approximately for 33% of the total market share in 2014. The excessive growth in terms of data volume and velocity happening in the IT industry have increased the demand for converged infrastructure solutions and services in this sector. The public sector is the fastest growing segment in converged infrastructure solutions and services market with a CAGR of 30.5% as converged infrastructure solutions can make e-government initiatives faster, smoother, and safer.
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During the recent years, the leading converged infrastructure solutions and services vendors have been increasingly looking to offer advanced converged infrastructure solutions as per the need of customers. The leading converged infrastructure solutions and services providers in the year 2014 included VCE Company, Cisco Systems, Inc., Hewlett-Packard Company, Oracle Corporation, SimpliVity Corporation, Nutanix, Inc., IBM Corporation, Dell, Inc., Hitachi Data Systems and EMC Corporation.
The global converged infrastructure solutions and services market is segmented as below:
Converged Infrastructure Solutions and Services Market
By Architecture Type
Converged Infrastructure Appliance
Converged Infrastructure Management Software
Integration and Implementation
Support and Consulting
Operation and Maintenance
By End-use Industry
IT and Telecom
Banking, Financial Services and Insurance (BFSI)
Others (Healthcare and Educational Institutions)
Middle East and Africa
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