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(IT-NEWSWIRE.COM, December 12, 2021 ) Hyper Converged Edge Infrastructure Market is forecast to reach $1.2 billion by 2026, after growing at a CAGR of 12.2% during the forecast period 2021-2026. HyperConverged Infrastructure (HCI) operates by grouping multiple information technology (IT) components such as servers, data storage devices, virtual desktop infrastructure networking equipment and software into a single and optimized package. While Hyper Converged Infrastructure (HCI) is a software-centric architecture that incorporates compute, storage and virtualization resources in a single system which contains x86 hardware. Increasing demand for data protection requirements, server virtualization, disaster recovery, hardware segments, enhance IT operational efficiency, and improvements in data protection from IT and telecom industry are the factors driving the growth of the Converged & Hyper Converged Market. In this era where data is intellectual and valuable property, recent surveys by IT giants have portrayed that 87% of IT companies agreed to the fact that HCI make assessments agiler. The increased adoption of IoT in various technologies including smart homes, smart cities, Industry4.0, connected vehicles and so on is analyzed to boost the market for Hyper Converged Edge Infrastructure during the forecast period 2021-2026 as it provides with reduced latency, lower processing times and many other benefits.
Hyper Converged Edge Infrastructure Market Segment Analysis – By Hypervisor
Hyperconverged infrastructure is becoming the dominant solution for organizations seeking to create a true hybrid cloud environment due to its ability to quickly build a private cloud, extend to public cloud and offer cloud-like manageability. Nutanix is a hyperconverged infrastructure pioneer who has transformed itself into a software and subscription company focused only on HCI software innovation. The San Jose, Calif.-based company is the dominant software market leader, along with VMware, for HCI on a global basis. The $94 billion infrastructure giant continues to dominate the worldwide hyperconverged market as Dell Technologies doubles down on server innovation with new PowerEdge servers. The Round Rock, Texas-base company has been leading the HCI systems market for years thanks to VxRail, Dell’s flagship HCI product jointly created with VMware.
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Hyper Converged Edge Infrastructure Market Segment Analysis - By End User
The converge and hyper converge infrastructure is essential as it has improved the efficiency of the systems and also reduction in costs. This infrastructure has also led to the essential hardware upgradation in the existing infrastructure systems and improved the scalability and due to the advancement in technology which has raised the business demands for more IT functionalities that is reliable, efficient and easy to use. Thus, this major factors has led to the growth of the Converged and Hyper converged market and is expected to grow more in the coming years. Geographically North America dominated hyper-converged infrastructure market owing to higher demand of hyper-converged infrastructure in the U.S., as a result of presence of a major technology giants across the U.S., coupled with presence of the major IT & telecom and BFSI companies. Asia Pacific is projected to have fastest growth, owing to rapidly increasing adoption of the modern IT services to store data at an economical cost, growing awareness for data management, rising focus toward VDI, server virtualization, increasing popularity of using infrastructure-as-a-service (IaaS) solutions, and favourable government policies in developing nations such as China, and India in this region. Among all the end-user industry, healthcare has the highest market share in hyper-converged infrastructure market.
Hyper Converged Edge Infrastructure Market Segment Analysis – By Geography
North America is dominating the Hyper Converged Edge Infrastructure market with a market share of 39% in 2020, owing to the increased adoptions of industry 4.0 in the manufacturing sector, in the past few years. Moreover the presence of large number of data centers in these regions is also adding up as a boosting factor for Hyper Converged Edge Infrastructure market as they help in minimizing latency. APAC is analyzed to be have the highest growth rate during the forecast period 2021-2026. The major factors such as the increased investments and government initiatives for the development of smart cities in India, China and other countries are further fueling the growth of Hyper Converged Edge Infrastructure market in this region. As of International Data Corporation, China's smart cities initiatives is forecast to reach $38.92 billion by 2023 thereby elevating the growth of Hyper Converged Edge Infrastructure market.
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Hyper Converged Edge Infrastructure Market Drivers
Growing demand for IoT in various industries
The employment of IoT in various industries including automotive, manufacturing, retail, transportation, energy and so on has been analyzed to drive the market. IoT is employed in these industries as it provides real time information, improves operational efficiency, optimization in production, and other benefits that impact the efficiency of the industry and further contributing as the driving factor for the Hyper Converged Edge Infrastructure market. G.E has stated that employment of Industrial IoT has 44% impact on global energy consumption. Therefore the employment of IoT in industries is analyzed to be a driving factor for Hyper Converged Edge Infrastructure market during forecast period 2021-2026.
Rising Virtualization and Adoption
Globally, rising usage of virtualization, increasing need of data protection & disaster recovery, low capex & total cost of ownership are the prime growth drivers of hyper-converged infrastructure market. In addition, development of technologies to create high value hyper-converged infrastructure and increase in adoption of hyper-converged infrastructure in emerging economies such as China, India and others, is expected to create new opportunities for hyper-converged infrastructure market. However, higher cost of the research and development, demerits of bundled solutions are the key restraints for hyper-converged infrastructure market.
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Hyper Converged Edge Infrastructure Market Challenges
High costs and security issues
Although Hyper Converged Edge Infrastructure is employed in many applications, the high initial cost and the maintenance cost act as the hindering factor for the Hyper Converged Edge Infrastructure market. Moreover the Hyper Converged Edge Infrastructure forces businesses to grapple with the same network security models and the physical security parameters for more remote servers in which security footprints and the traffic patterns are accessible to everyone thereby hindering the security of the database and acting as a challenge.
Hyper Converged Edge Infrastructure Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Hyper Converged Edge Infrastructure market. In 2020, the market of Hyper Converged Edge Infrastructure has been consolidated by the top players including Amazon Web Services (AWS), AT&T Inc., Cisco Systems Inc., Dell Inc., Nutanix, VMWare, EMC Corp, Cisco, Gridstore, Hewlett Packard Enterprise (HPE), Microsoft Corporation among others.
Acquisitions/Technology Launches
In October 2019, Hewlett Packard Enterprise has made its InfoSight predictive analytics resource management capabilities available on its HPE SimpliVity hyper-converged infrastructure platform.
In January 2019, Data center network software provider Cumulus Networks has partnered with Nutanix to simplify networking on hyperconverged infrastructure (HCI).
Key Takeaways
North America dominates the Hyper Converged Edge Infrastructure market owing to high adoption of the technologies such as IoT and 5G.
The growing popularity of connected vehicles globally and the implementation of Hyper Converged Edge Infrastructure solutions in the connected vehicles to assist the Hyper Converged Edge Infrastructure market growth during forecast period 2021-2026.
IT and Telecom is hold the major market share in 2020. However, increasing adoption of digital, mobile banking initiatives, advanced platforms and so on in the BFSI industry is impacting on the significant growth rate in Hyper Converged Edge Infrastructure market during 2021-2026.
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IndustryARC
Venkat Reddy
(+1) 970-236-3677
venkat@industryarc.com
Source: EmailWire.Com 
Source: EmailWire.com
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