Asia Pacific Composable Infrastructure Market By Component (Hardware and Software), By Industry Vertical (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Manufacturing and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Composable Infrastructure Market
Market Report Description
The Asia Pacific Composable Infrastructure Market would witness market growth of 22.8% CAGR during the forecast period (2021-2027).
The deployment of composable infrastructure reduced capital & operating expenditure, growing deployment rate of virtualization, and increased investments in digital transformation (from conventional to new infrastructure) by companies are some of the determinants responsible for accelerating the growth of the global composable infrastructure market.
An increase in investments in storage resources from companies is witnessed due to the decline in the price of solid-state drives (SSD) and the launch of the latest technologies like 5D memory crystals. A large volume of data is generated and collected daily on several networks in different industry verticals. The implementation of 5G networks and adoption of Internet of Things (IoT) and smart devices are attributed to the surge in the deployment of composable infrastructure in several industries like manufacturing and IT & Telecom.
The Asia-Pacific composable infrastructure market is majorly augmented by the focus of companies on on-premise data centers. The companies are also evolving their strategies to acquire more customers and improve their experience. The leading countries that are anticipated to witness high growth rates include Japan, India, Singapore, and China. The companies in this region are transmuting their core business applications and are in the process of making them agile to quickly respond to business changes. For this, companies need a more agile and scalable infrastructure to hold up the workload requirements of their new applications.
In addition, Asia-pacific includes some of the fastest-growing nations that are putting massive investments in their IT infrastructure to promote digitalization. Additionally, the implementation of composable infrastructure allows to shift workloads across data centers and private cloud environments more efficiently. Moreover, CI helps in strengthening the security of data centers integrity, increases efficiency, and manages the entire ecosystem from a single interface. Therefore, these factors are considered to fuel the growth of the composable infrastructure across the region.
The Hardware market dominated the Malaysia Composable Infrastructure Market by Component 2020, thereby, achieving a market value of $234.3 million by 2027. The Software market is expected to witness a CAGR of 35.7% during (2021 - 2027).
Based on Component, the market is segmented into Hardware and Software. Based on Industry Vertical, the market is segmented into IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Manufacturing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Composable Infrastructure Market is Projected to reach USD 13.5 Billion by 2027, at a CAGR of 21%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett Packard Enterprise Company, NetApp, Inc., Dell Technologies, Inc., Lenovo Group Limited, Nutanix, Inc., Juniper Networks, Inc., Western Digital Corporation, TidalScale, Quanta Cloud Technology LLC (Quanta Computer, Inc.) and One Stop Systems, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Industry Vertical
- IT & Telecom
- Retail & Consumer Goods
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Hewlett Packard Enterprise Company
- NetApp, Inc.
- Dell Technologies, Inc.
- Lenovo Group Limited
- Nutanix, Inc.
- Juniper Networks, Inc.
- Western Digital Corporation
- Quanta Cloud Technology LLC (Quanta Computer, Inc.)
- One Stop Systems, Inc.
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