Market Overview:
Composable infrastructure refers to pool of IT resources such as compute, storage, and networking which can be deployed as and when required on demand. This next-generation infrastructure enables businesses to deploy IT resources in a flexible manner as per the changing needs of applications and services. Key advantages of composable infrastructure include agility, scalability, flexibility and optimized resource utilization. Composable infrastructure allows businesses to deploy only the required resources for a particular workload rather than deploying an entire pre-defined rack infrastructure. This brings operational efficiency and cost savings for datacenter management.
Market key trends:
The emerging technologies like cloud computing, software-defined data center, hyperconverged infrastructure and artificial intelligence are driving increased adoption of composable infrastructure. Composable infrastructure aligns well with cloud native applications and provides agility for continuous integration/delivery workflows of DevOps. The ability to automatically deploy and adjust resources based on application needs is stimulating the demand from cloud and managed service providers. Furthermore, large enterprises are also adopting composable infrastructure solutions to transition to fluid, intent-based operational models and optimize infrastructure efficiency across private, public and hybrid cloud environments. Growing data volumes across industries is propelling businesses to look for innovative infrastructure options like composable solutions to adjust storage capacity on demand.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the Composable Infrastructure Market Demand requires high initial investments and established distribution networks.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of multiple options available and price sensitivity of buyers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate due to the availability of component manufacturing companies and differentiated products.
Threat of new substitutes: The threat of new substitutes is low as composable infrastructure provides optimized compute, network and storage resources.
Competitive rivalry: High due to the presence of well-established players competing on the basis of product features and pricing.
Key Takeaways
The global composable infrastructure market is expected to witness high growth, exhibiting CAGR of 25% over the forecast period, due to increasing demand for optimized utilization of IT infrastructure and workload flexibility.
Regionally, North America captures the largest share in the composable infrastructure market owing to the presence of major market players and growing technology adoption in the region. Asia Pacific is expected to be the fastest growing market due to rapid digitalization and expansion of data centers.
Key players operating in the composable infrastructure market are NetApp Inc., Nutanix Inc., Dell EMC (Dell Technologies Inc.), Hewlett Packard Enterprise Co., Juniper Networks Inc., Western Digital Corp., Lenovo Group Limited, Liqid Inc., Fungible Inc. and TidalScale Inc. Key players are focusing on new product launches and partnerships to gain competitive advantage.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
