Hyperconverged infrastructure market to touch $17.1 billion by 2023

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The global (HCI) market size is expected to grow from $4.1 billion in 2018 to $17.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9%, said a report from MarketsandMarkets.

Hyperconverged infrastructure enables a highly scalable approach, wherein functions are pooled onto a commodity hardware and are shared between virtual machines running on any host in the cluster. This approach provides agile deployment of virtualized workloads, reduction of complexity, and improved operational efficiency.

The software component of Hyperconverged infrastructure comprises a hypervisor, software-defined storage solution, and unified management console. The tightly integrated HCI software layer enables execution of key data center functions, which improves the performance in production environments and address the capacity and performance challenges of business. Hypervisor is an important component used in the HCI solutions as it provides virtualization and abstraction of the underlying hardware. The software-defined storage solutions ensure application performance, data availability, and flexible scalability. The unified management interface simplifies monitoring and maintaining of the infrastructure.

Data center outages may result in heavy losses for organizations. Disaster recovery is typically part of a wider strategy of business continuity. In order to ensure the business continuity, organizations are increasingly switching from traditional backups to virtualized backups of a single VM/application. They are deploying HCI solutions for backup/recovery/disaster recovery applications. Backup/recovery/disaster recovery is implemented on HCI by replicating each VM to a backup server. In case of a VM failure, a system administrator can restore the backup instantly. This bring up all the critical business services and allow business operations to continue. This advantage of HCI is expected to fuel its demand over the forecast years.

North America is estimated to hold the largest market size in 2018, owing to the presence of several vendors and huge investments in adopting HCI solutions in the region. The HCI market in APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid developments of the required infrastructure and the increasing need to adopt innovative technologies.

Major vendors in the Hyperconverged infrastructure market include (US), Nutanix (US), Cisco (US), HPE (US), Huawei (China), NetApp (US), VMware (US), Pivot3 (US), Scale Computing (US), Startoscale (US), DataCore (US), Maxta (US), (US), HiveIO (US), Supermicro (US), Hitachi Vantara (US), Diamanti (US), Lenovo (China), NEC Corporation (Japan), Riverbed Technology (US), IBM (US), Fujitsu (Japan), StarWind (US), Sanfor Technologies (China), and StorMagic (UK).

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