Composable Infrastructure Market Growth Accelerated by Scalability and Availability
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| Composable Infrastructure Market |
Composable infrastructure enables
the creation of dynamic infrastructure by pooling hardware and software
resources that can be flexibly composed and recomposed in real time depending
on changing business requirements. The global composable infrastructure market
is dominated by large vendors who offer servers, storage, networking solutions
and software that work together to help optimize utilization. With the growing
trend of digital transformation across industries, composable infrastructure
offers benefits like reduced TCO, quick provisioning of resources and
flexibility which is driving its adoption for both traditional and greenfield
data centers.
The global composable
infrastructure Market is estimated to be valued at US$ 2.3 Mn in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market Dynamics:
Increased adoption of data center
infrastructure is a major driver contributing to the growth of composable
infrastructure market. Rapid digitalization efforts across industries has
resulted in huge volumes of data being generated on a daily basis. This is
increasing the need for scalable and efficient data center infrastructures.
Composable infrastructure allows organizations to optimize their data center
resources and address their changing compute, storage and network requirements
seamlessly on demand. Another driver is the strong promotion of digital
transformation initiatives by governments across nations. Their focus on
technologies like cloud, IoT and AI is bolstering the adoption of advanced data
center solutions like composable infrastructure by enterprises. While the
benefits of composable infrastructure are well acknowledged, the high initial
costs involved remains a key challenge for many organizations.
SWOT Analysis
Strength: Composable
infrastructure provides flexibility and agility by allowing enterprises to
easily scale up or down their infrastructure resources based on dynamic
business needs. It allows disaggregation of resources from physical servers and
pooling them in a virtual pool to be consumed on demand. This improves
infrastructure utilization and reduces cost of ownership for the organizations.
Composable infrastructure decouples resources from servers and gives
organizations ability to quickly recompose the resources based on application
workload demands.
Weakness: Adopting composable infrastructure
requires organizations to replace or upgrade their existing infrastructure to
be able to utilize its benefits. This leads to additional upfront investment
costs. It also requires IT teams to learn new ways of managing infrastructure
that is disaggregated rather than being tied to physical servers.
Opportunity: The growing
popularity of cloud and virtualization is increasing the demand for flexible
and agile infrastructure. Composable infrastructure fulfills this need by
giving hybrid cloud-like agility on-premises. It helps organizations optimize
their infrastructure spending and use resources more efficiently. The ability
to quickly scale up or down infrastructure based on dynamic business needs also
improves business agility and responsiveness.
Threats: Traditional vendors may
not fully support composable infrastructure solutions or aim to protect their
investments in proprietary systems. This could slow down the adoption of open
and disaggregated infrastructure approaches. Integration challenges with
existing management tools and applications also pose a potential threat.
Key Takeaways
The Global
Composable Infrastructure Market Size is expected to witness high
growth over the forecast period of 2024 to 2031.
Regional analysis: North America is expected to dominate the
composable infrastructure market during the forecast period. This is attributed
to early adoption of advanced technologies and strategic investments by
composable infrastructure vendors in the region. Growing needs for flexible and
efficient infrastructure among organizations to optimize IT spending is also
driving higher adoption of composable solutions in North America.
Key players: Key players operating in the Composable Infrastructure
market are Liqid Inc., HGST Western Digital Corporation, Cisco Systems, Inc.,
Hewlett Packard Enterprise, DriveScale Inc., TidalScale Inc., Lenovo Group
Ltd., and Inspur.
Get More Insights Here
https://www.newswirestats.com/composable-infrastructure-market-size-share-growth-outlook-2023/
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