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Composable Infrastructure Market

Composable Infrastructure Market: Information by Component (Hardware, Software), End-Users (BFSI, IT & Telecommunications, Healthcare, Manufacturing), and Region — Forecast till 2030

Published At : 28 Jul, 2022
Updated At : 29 Jul, 2022
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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
49.2 %
Fastest Growing Market:
Asia Pacific
Largest Market:
North America

The global composable infrastructure market size was valued at USD 2.62 billion in 2021 and is projected to reach USD 95.98 billion by 2030 at a CAGR of 49.20% from 2022 to 2030. Composable infrastructure decouples resources from the hardware they run on, pools them into a form that can be accessed from anywhere in the data center, and then uses software to provide workloads with the exact amount of resources they need. The report on the global market for composable infrastructure provides a comprehensive analysis of the market. In a composable infrastructure, storage and networking resources are abstracted from their physical locations and can be managed via a web-based interface and software. The global market for composable infrastructure is being propelled by the widespread adoption of virtualization, the increasing need to bridge the gap between traditional and new IT infrastructure, and the rising investments in data center technologies.

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Market Dynamics

Drivers For The Global Composable Infrastructure Market

  • Increasing Demand For It Staff Productivity

The rising demand for increased IT staff productivity is a key factor propelling the expansion of the global market for composable infrastructure. composable infrastructure is dependent on intelligent code that enables administrators to easily determine which resources are available and whether the hardware is appropriately configured. In addition, composable systems utilize automatic diagnostics to determine the location of hardware issues, thereby facilitating the management of data centers. Self-organization at this level can significantly reduce the need for human intervention, particularly in repetitive tasks. As a result, the rate of human error decreases, and productivity increases. Consequently, the Composable Infrastructure Market expands even further.

  • The Need For Intelligence Code Is Driving The Market

Composable infrastructure is also driven by the need for intelligent code that enables administrators to easily determine which resources are available and whether the hardware is appropriately configured. In addition, composable systems utilize automatic diagnostics to determine the location of hardware issues, thereby facilitating the management of data centers. Self-organization at this level can significantly reduce the need for human intervention, particularly in repetitive tasks. As a result, the rate of human error decreases, and productivity increases. The demand for the Composable Infrastructure Market is also increasing as the utility of workplace flexibility rises.

Restraints for The Global Composable Infrastructure Market

  • Lack of Skillsets And Awareness Are Restraining The Market

Although with a composable system, organizations can rapidly deploy new applications that propel company progress to the next level. In addition, these systems can also be quickly aligned with overarching business objectives to ensure that they support the company's objectives. But, the lack of sufficient skill sets is increasingly restraining the growth of the Composable Infrastructure Market. Lack of customer awareness is also anticipated to be a significant market constraining factor in the coming period.

Opportunities for The Global Composable Infrastructure Market

  • IT And Telecom Services Will Further Drive The Market

IT and telecom companies are eager to accelerate their applications, data, and innovations in the current environment. It must manage conventional bare-metal and virtualization applications more efficiently while supporting containerized applications with software-driven automation and a pool of resources that can be adapted to meet specific needs. As tech companies transition from a software-defined data center to an autonomous one, IT teams are required to take insights-driven actions to ensure an always-fast environment based on the infrastructure and workload data collected.

 

Segmentation for The Global Composable Infrastructure Market

This market can be segmented on the basis of components, end-users, regions, and competitors. On the basis of components, it is divided into hardware and software. In 2021, 83.6% of the market share was held by the hardware market segment. The segment includes platforms and equipment, including operating systems, racks, consoles, switches, and keys. Due to the expansion of enterprise applications and the need for a solid IT infrastructure, there has been a significant increase in demand for hardware. Companies are investing in cloud IT infrastructure hardware as businesses in a variety of industries have recognized the emergence of big data and analytics.

In addition, with the aid of efficient hardware, businesses can develop an ideal IT infrastructure to streamline their workflows and reduce the strain on their networks. The segment is anticipated to be driven over the forecast period by these benefits and rising trends. During the forecast period, the software segment of the market for composable infrastructure is anticipated to expand at a CAGR of 53.7%. Several companies' adoption of the DevOps methodology, which necessitates an agile framework, is one of the primary causes of this exponential growth.

This agile framework is easily attainable through the implementation of infrastructure as code to improve resource allocation. Moreover, the software enables enterprises to interchange and pair hardware components at will. Several other advantages, such as reusing code across multiple projects and separating core applications into specialized microservices, are anticipated to drive the growth of the segment.

For the End-Users in 2021, 83.6% of the market share was held by the hardware market segment. The segment includes platforms and equipment, including operating systems, racks, consoles, switches, and keys. There has been a significant increase in the demand for hardware due to the expansion of enterprise applications and the need for a solid IT infrastructure. Companies are investing in cloud IT infrastructure hardware as businesses across industries recognize the emergence of big data and analytics.

In addition, with the help of efficient hardware, businesses can create an ideal IT infrastructure to streamline their workflows and alleviate the strain on their networks. These benefits and rising trends are expected to propel the segment over the forecast period. During the forecast period, the software segment of the market for composable infrastructure is expected to grow at a CAGR of 53.7%. The adoption of the DevOps methodology by a number of companies, which requires an agile framework, is one of the leading causes of this exponential growth.

By implementing infrastructure as code to improve resource allocation, this agile framework is easily attainable. In addition, the software enables businesses to interchange and pair hardware components at will. Numerous other advantages, such as reusing code across multiple projects and separating core applications into specialized microservices, are anticipated to drive the growth of the segment.

During the forecast period, it is anticipated that the BFSI segment will expand at a rate of 51.0% annually. The composable infrastructure solutions help financial institutions increase their operational efficiency and productivity, provide low operational expenses, and reduce management overheads. Banks and other financial institutions rely on infrastructure solutions that are adaptable to protect this data from cybercrime.

The data is stored on-site, which ensures a higher level of data security. In addition, application downtime is unaffordable for businesses due to the rise in digital transactions worldwide and increased customer expectations. With the assistance of composable infrastructure, banks can minimize downtime in the event of network failure. These benefits will supplement the increase in demand for composable infrastructure in the BFSI sector.

 

Regional Analysis of the Global Composable Infrastructure Market

Composable Infrastructure Market Regional Analysis

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The North American regional market dominated the composable infrastructure industry in 2021 with a 38.4 percent revenue share, aided by the region's well-established IT infrastructure, which supports the growth of the composable infrastructure industry. In addition, businesses in this region are transitioning from static infrastructure to dynamic infrastructure, as the latter enables organizations to utilize their resources more efficiently.

In addition, the customers in this region are not only aware of the most recent services on the market, but they also expect an exceptional customer experience, which compels businesses to reduce downtime and improve operational efficiency. These elements have consistently contributed to the expansion of the regional market for composable infrastructure.

Due to the rapidly expanding IT sector and the simplification of IT infrastructures brought about by the emergence of new technologies, Asia-Pacific is expected to emerge as the region with the highest growth rate over the forecast period, at a CAGR of 54.8%. By providing personalized services, the businesses in this region are adapting their strategies to attract more customers and enhance their overall experience.

To provide a personalized experience, businesses are rapidly deploying new applications that propel the company to the next level through the use of composable systems. In addition, organizations in this region are transforming their core business applications and making the environment more agile in response to rapid market changes, which is driving the expansion of composable infrastructure in this area.

 

Competitive Landscape

  • HGST Inc.
  • DriveScale Inc.
  • TidalScale Inc.
  • Dell
  • Liqid
  • NetApp
  • Nutanix
  • Western Digital
  • Hewlett Packard Enterprise (HPE)
  • Cloudistics

 

Recent Developments

  • In March 2022, Liqid, a data center composability software company, announced a partnership with MemVerge and Intel to deliver composable memory solutions for big memory computing. The partnership enabled MemVerge and Liqid to pool and orchestrate DRAM and SCM (SCM).
  • December 2021 - Lightrock and DH Capital led a $100 million Series C funding round for Liqid. Its Liqid Matrix software is being used to build a USD 5 million supercomputer for the US National Science Foundation (NSF) and USD 52 million worth of supercomputers for the Department of Defense.
  • August 2021 - Patrick Terminals, an Australian container terminal operator, hires Vectec, a Sydney-based managed services provider, to upgrade its IT infrastructure. Vectec deployed multiple Hewlett Packard Enterprise solutions via the GreenLake edge-to-cloud platform to modernize Patrick Terminals' private cloud, storage, backup, and networking capabilities.

 

Composable Infrastructure Market: Segmentation

By Component

  • Hardware
  • Software

By End-Users

  • BFSI
  • IT & Telecommunications
  • Retail & Consumer Goods
  • Healthcare
  • Manufacturing
  • Others

By Region

  • North America
  • Asia Pacific
  • Europe
  • LAMEA
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