Composable infrastructure enables the configuration and adaptation of workloads and applications on demand to optimize resource usage. It allows businesses to construct compute, storage and network resources into automated, policy-driven applications on the fly. This helps prevent underutilization and ensures resources are sized optimally. The global composable infrastructure market is estimated to be valued at US$ 5.33 billion in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The opportunity to achieve flexibility and scalability is driving the growth of the composable infrastructure market. Composable infrastructure allows businesses to scale resources up or down quickly based on changing demands. It enables automated scaling of capacity without service interruptions. Businesses can leverage the cloud-like agility of composable infrastructure to respond to fluctuating workloads in a cost-effective manner. This helps optimize resource utilization and lowers infrastructure costs substantially. Composable infrastructure empowers enterprises to build the exact infrastructure required to meet their current needs and scale it up or down seamlessly as demands change. This level of flexibility helps future-proof infrastructure investments.
Porter's Analysis
Threat of new entrants: Low barrier to entry as infrastructure is modular but standardized components. Existing players have invested heavily in R&D and partnership ecosystems.
Bargaining power of buyers: Buyers have moderate power as they can choose from different vendors offering similar solutions. However, benefits of composability keep buyer lock-in low.
Bargaining power of suppliers: Suppliers have low to moderate power. Key components are standardized but switching costs are low due to open interfaces.
Threat of new substitutes: Threat is moderate from other hyperconverged and converged infrastructure methods. Composability differentiates by Responsive Infrastructure capability.
Competitive rivalry: Intense as prominent vendors offer similar product suites. Emphasis is on partnerships, specialization and expanding functionalities.
SWOT Analysis
Strengths: Agile deployment, high availability, efficient scaling and management. Enhances infrastructure flexibility to respond quickly to changes.
Weaknesses: Steep learning curve and expertise required. Initial setup and migration costs can be high for complex environments.
Opportunities: Edge/remote infrastructure needs, hybrid cloud transitions, big data/AI workloads. Growing adoption of containers and microservices.
Threats: Limited vendor interoperability despite open standards. Dependency on cooperation between partners impacting roadmaps.
Key Takeaways
The Global Composable Infrastructure Market Size is expected to witness high growth over the forecast period of 2024-2031.
Regional analysis suggests North America will continue dominating due to heavy investments in advanced data center technologies by hyperscalers and enterprises. Within North America, the US accounts for the largest share. Asia Pacific is poised to grow at the fastest rate led by China, India and other developing nations rapidly digitizing.
Key players operating in the composable infrastructure market are Hewlett Packard Enterprise, HGST, Dell EMC, Lenovo, Drivescale, Liqid, Tidalscale and QCT. HPE has established an early lead with its Synergy product line focused on delivering on composability through its Artificial Intelligence for IT approach. Dell EMC and Lenovo have also strengthened partner ecosystems around VMware-based solutions.
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https://www.trendingwebwire.com/composable-infrastructure-market-size-share-growth-outlook-2023/
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