North America 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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Market Report Description
The North America Composable Infrastructure Market would witness market growth of 19.2% CAGR during the forecast period (2021-2027).
This infrastructure permits the storage the company’s private data and information on the premises of the company and helps in reducing the concerns related to security. Along with this, it reduces the problems and issues regarding cybersecurity and decreases the high costs of the public cloud. In addition, the development of hybrid cloud is allowing the integration of cloud deployment and on-premise and hence, providing lucrative opportunities to the growth of the global composable infrastructure market. For example, Lenovo came into partnership with Cloudistics to make a hybrid cloud solution in the series of ThinkAgile CP for companies. Various other factors like DevOps agility and data center consolidation are anticipated to increase the growth of the composable infrastructure market in the upcoming years.
The growing number of IT companies in North America is motivating the businesses to grow in a sustainable manner by making effective use of resources and composable platforms. The companies in this region are shifting from static infrastructure to a dynamic composable infrastructure, which is helping them in increasing the utilization of data center resources. The deployment of next-generation technologies like composable platforms and containers is allowing more efficient utilization of the server.
Some of the factors surging the growth of the regional composable infrastructure market are the robust digital economy and the enlargement of the data center industry. In addition, reduction in operational expenditure, tax exemptions, low total ownership cost on IT infrastructure, and rising demand for scalability in solutions are the major factors augmenting the growth of the composable infrastructure market in North America.
The US market dominated the North America Composable Infrastructure Software Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $450 million by 2027. The Canada market is estimated to grow at a CAGR of 28.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 27.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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