Composable Infrastructure Market Worth $5,102 Million by 2023 Report Claims

For too long companies have been operating in silos, which makes management of data centers challenging. A composable infrastructure stands to change all this through the implementation of software that discovers and pools all data center resources—no matter where that resource exists. Plus, composable software can run on any type of hardware that supports composable API. The end result, according to research firm MarketsandMarkets, is increased operational efficiency, reduced IT cost, automated workflow, and reduced deployment time to offer it.

It’s a big boon to businesses—one that MarketsandMarkets predicts will grow from $616 million in 2018 to $5,102 million by 2023.

According MarketsandMarkets, the major factors driving the composable infrastructure market include the ever-growing need for data storage and highly scalable data storage solutions, such as composable infrastructure, low CapEx and opex of composable infrastructure, and growing adoption of virtualization.

The segment is expected to witness growth primarily due to vendors, such as HPE, Liqid, and DriveScale with existing products in this market, and newer entrants, such as Dell EMC, whose newly announced products are expected to be introduced in the market in 2019.

A vertical expected to drive the surge is financial institutions, says the MarketstoMarkets research. Composable infrastructure solutions are out-of-the-box solutions that consolidate major functions of the data center, which include storage, compute, data recovery, and network support. These solutions help banks, and other financial institutions, and financial service providers improve their operational efficiency and productivity. The growing adoption of virtualization and the ever-growing data and data storage needs within the vertical is expected to drive market growth during the forecast period.

It also manages IT operations by reducing the number of servers allocated for an application without impacting the overall data processing time. These solutions help increase the speed of data processing and alleviate business risks by unifying the control of all operations from a single point.

Analysts at MarketstoMarkets are available to speak on the topic: https://www.marketsnadmarkets.com/speaktoanalyst.asp?id=68141063