The Latin America, Middle East and Africa Composable Infrastructure Market would witness market growth of 24.8% CAGR during the forecast period (2021-2027).
LAMEA is witnessing a gradual increase in the demand for composable infrastructure, an approach for provisioning and managing both real and virtual infrastructure assets that bridges hardware and software by utilizing infrastructure as code and breaking down conventional silos for application adoption and management. Various underdeveloped and developing nations are existing in this region that is responsible to fuel the regional demand for composable infrastructure. Composable infrastructure provides some appealing benefits to the company like utilizes both compute resources and software, provisions and manage data centers, being smarter than the premise infrastructure, and is more scalable.
Earlier, his region gained the popularity of hyper-converged infrastructure but this infrastructure was unable to meet the challenges that came in its way. So, a new generation of IT infrastructures was launched, Composable infrastructure. It provides a platform, which is more flexible, agile, better utilizes resources, and helps in reducing operational costs. CI is a software-defined framework, which delivers compute, storage, and network resources like a set of unified services and such infrastructure is highly in demand by emerging companies to increase their efficiency and reduce operational costs and workloads. Due to these aspects, it is estimated that the growth of the regional composable infrastructure market will bolster in the upcoming period.
The IT & Telecom market dominated the South Africa Composable Infrastructure Market by Industry Vertical 2020, thereby, achieving a market value of $57.8 million by 2027. The BFSI market is showcasing a CAGR of 24.7% during (2021 - 2027). Additionally, The Healthcare market is anticipated to witness a CAGR of 26.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Composable Infrastructure Market is Predict to reach $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.
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