Composable Infrastructure Market Is Projected To Reach Approximately USD 25.47 Billion By 2028: Grand View Research Inc.

 Composable Infrastructure Market Growth & Trends

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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Composable Infrastructure Market Segmentation

Grand View Research has segmented the global composable infrastructure market based on component, industry vertical, and region:

Composable Infrastructure Component Outlook (Revenue, USD Billion, 2018 - 2028)

• Software
• Hardware

Composable Infrastructure Industry Vertical Outlook (Revenue, USD Billion, 2018 - 2028)

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

Composable Infrastructure Regional Outlook (Revenue, USD Billion, 2018 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
• South America
  • Brazil
• Middle East & Africa

List of Key Players of Composable Infrastructure Market

• DriveScale, Inc.
• Liqid
• NetApp
• Nutanix
• TidalScale, Inc.
• Western Digital

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.