Global Hyper-Converged Infrastructure Market 2019-2028
The Global Hyper-Converged Infrastructure Market would notice a CAGR of 24.15% over the projected period of 2019-2028.
The increase in the number of data centers, demand for data protection and disaster recovery, demand from virtual desktop infrastructure, and cost savings owing to hyper-converged infrastructure are driving the market growth in the evaluated period. Certain aspects generate opportunities in the market, such as a surge in investments in data center infrastructure and increased investment in edge technology due to the 5G network implementation. However, there are factors that are hampering the market's progress, which include cloud compatibility and scalability issues. The extra expense of redesigning the existing facility's power distribution system challenges the market advancement on a global scale.
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The global hyper-converged infrastructure market covers the Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa regions.
It is evaluated that the Asia-Pacific will become the fastest-growing region in the global market during 2019-2028. China and Hong Kong are major countries holding data center operations in the region. In China, several cloud, internet, and telecommunication service providers lead the investment made in the data centers. Moreover, it is likely for the investments to surge during the forecast period as China's demand for cloud-based services increases. This is boosting the growth of the market for hyper-converged infrastructure to a large extent. As the data center market has been witnessing an increase in the investment value on a year-over-year basis, Hong Kong has gained the title of being one of the major data center hubs worldwide. Moreover, the increase in the implementation of submarine fiber cables is also anticipated to boost the country's hyper-converged infrastructure market growth.
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Last Update : Sep 30, 2020
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