Published Date: 26-Sep-2021
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According to a new report Global Composable Infrastructure Market, published by KBV research, The Global Composable Infrastructure Market size is expected to reach $13.5 billion by 2027, rising at a market growth of 21% CAGR during the forecast period.
The software segment would exhibit prominent growth during the forecast period. Several IT companies prefer towards deploying DevOps methodology for the improvement of applications. An agile framework is needed by DevOps methodology to follow the emerging trends in any application. Thus, it utilizes infrastructure as code (IAC) to improve resource allocation. A user who is using software commands (either graphic user interface (GUI) or API) can customize infrastructure with the help of IAC methodology.
The IT and telecom segment dominated the market by acquiring the maximum revenue share in 2020. This growth is due to the existence of massive OTT vendors like Amazon Prime and Netflix. In addition, these OTT vendors are capable of managing a large volume of data on the daily basis due to which, data security is their prior concern.
North America procured the maximum revenue share in 2020. The factors propelling the regional market growth are decreased capital expenditure and operational expenditure, owing to the deployment of composable infrastructure and the growing deployment of virtualization. Majority of the companies operating in this region are adopting several strategies like involvement in mergers and acquisitions with VDI providing companies to improve their existence in North America.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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