The global Composable Infrastructure Market size is expected to reach USD 25.47 billion by 2028, registering a CAGR of 19.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. Increasing investments in digital transformation (from traditional infrastructure to new infrastructure) by enterprises, reduced CAPEX and OPEX due to the adoption of composable infrastructure, and high adoption of virtualization are the major factors driving the overall market growth.
The reducing prices of solid-state drives (SSD) and
the introduction of new technologies such as 5D memory crystals are driving
investments in storage resources by organizations. Massive data is accumulated
daily over different networks in different industry verticals. The deployment
and spread of 5G networks and the Internet of Things (IoT) and smart
devices have driven the adoption of composable infrastructures in industries
such as manufacturing and IT and telecom.
Currently, many organizations are shifting from
private data centers and on-premises solutions to composable infrastructure for
enterprise data management. However, they strive to find skilled IT
professionals and other IT solutions that provide similar control and
visibility as their on-premises solutions. These factors are hindering the
overall market growth. However, the emergence of the hybrid cloud and the
increasing investments in data center technologies are providing an opportunity
for overall market growth.
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Composable Infrastructure Market
Report Highlights
- The market was valued at USD 1.38 billion in 2020 and is expected
to expand at a CAGR of over 26% from 2021 to 2028
- BFSI emerged as the fastest-growing segment and is estimated to
generate revenue of over USD 2.68 billion by 2028
- The North America region accounted for the largest revenue share in
2020. The increasing need for data storage infrastructure and growing
startups in the region are contributing to the regional market growth
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Grand View Research, Inc. is a U.S. based market research
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in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring relevant
and fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
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