The emergence of advanced and connected systems is expected to provide opportunities for the Composable infrastructure market growth
Dallas, Texas, Nov. 27, 2020 (GLOBE NEWSWIRE) -- The “Composable Infrastructure Market by Type (Hardware, and Software), Industry Vertical (BFSI, Healthcare, IT & Telecommunication, Manufacturing, Media & Entertainment and Others), and by Region, Global Forecast, 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.
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The global Composable infrastructure market size is projected to reach nearly USD 3252 million by 2028. In addition, it is projected to gather a CAGR of above 19.23% over the forecast years 2020-2028. The composable infrastructure allows private clouds to be configured for web-based apps, ensuring mobility and simplicity for public cloud operations. Composable infrastructure helps managers in data centres to dynamically develop and reconfigure storage Software on the software layer. The growing need for creative IT technology and the embrace of virtualization have propelled the demand for composable technology.
The report also outlines the various characteristics of the global Composable infrastructure industry by assessing the market from value chain analysis. Moreover, the Composable infrastructure market report comprises various qualitative parts of the Composable infrastructure industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
Major factors anticipated to drive development of the global composable infrastructure market are increasing business analytics workload and In addition, growing need to reduce the gap between new and traditional infrastructure, agility of composable infrastructure coupled with increasing disposable income are some other factors expected to drive growth of the global composable infrastructure market.
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The Composable infrastructure market has moderate competition amongst the existing players. In order to form an efficient distribution chain and implement new-generation applications to prepare themselves for the future, major players are focusing on partnering with other industry players while retaining current-gen applications that help revenue-generating operations.
Based on the type segment, the market is bifurcated into hardware and Software. In the year 2020, the hardware segment gathered the major share and it is likely to maintain its position during the forecast years. The software segment is expected to rapidly as compared to hardware segment.
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Based on the industry vertical, the market is bifurcated into BFSI, healthcare, IT & Telecomm, Media & Entertainment, manufacturing and others. In the year 2020, the IT & Telecom segment has the major market share as compared to other industry vertical in terms of Composable infrastructure adoption. The other sectors which are expected to have high growth are BFSI and Manufacturing.
The North America region is projected to hold the highest growth during the forecast years. The market growth in this region is mainly ascribed to the presence of developed economies (the US and Canada), which gives it an advantage over other regions in terms of adoption and implementation of extremely high technologies. The market growth can also be attributed to growth of the data center industries and increasing demand for scalability in solutions, decrease in operational costs, tax exemptions, and low ownership cost on IT infrastructure
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The major players of the global Composable infrastructure market are HGST, Inc., Hewlett Packard Enterprise, Dell Emc., Drivescale, Tidalscale, Lenovo Group, One Stop Systems, Cloudistics, Liqid Inc., and QCT among others.
Major Points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Composable Infrastructure Market by Types
Chapter 6 Composable Infrastructure Market by Industry Vertical
Chapter 7 Composable Infrastructure Market by Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
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