Hyper-Converged Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)
Organizations today have a growing need for reliable and high-performance storage. Hyperconverged infrastructure (HCI) provides a secure and efficient solution by integrating networking, storage, and computation into a single system. This consolidation of resources streamlines management, reduces costs, and is considered crucial by many enterprises for their strategic IT priorities.
The market for HCI is expanding due to the increasing adoption of HCI solutions, particularly in areas such as data security and disaster recovery. The widespread use of digital technology platforms like social media and knowledge platforms has also contributed to the growing demand for HCI. According to the IBM Data Breach's recent report, the average cost of data breaches has increased by 2.6% to USD 4.35 million, with penalties included. HCI systems mitigate the risk of data security breaches through their components and applications, and they often incorporate high-security AMD processors with security capabilities.
The Hyper-Converged Infrastructure Market size is expected to grow from USD 10.69 billion in 2023 to USD 32.75 billion by 2028, at a CAGR of 25.09% during the forecast period (2023-2028).
Hyper-convergence infrastructure (HCI) has emerged as a transformative solution within the IT industry, revolutionizing the way organizations manage their data centers. The market for HCI has experienced significant growth and adoption as businesses seek to streamline their infrastructure, enhance operational efficiency, and embrace digital transformation.
The increasing adoption of cloud computing has been a major driving factor for the hyper-converged infrastructure market. Enterprises across various industries are shifting their workloads to the cloud to leverage its scalability, cost-effectiveness, and flexibility. HCI solutions complement cloud environments by seamlessly integrating on-premises and cloud resources. With HCI, organizations can easily migrate workloads between private and public clouds, enabling hybrid cloud deployments that combine the benefits of both environments. This synergy between HCI and cloud computing has accelerated the market growth and is expected to continue driving the demand for hyper-converged infrastructure solutions.
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