Composable infrastructure solutions allow enterprises to disaggregate and reallocate shared resources like compute, storage, and networking on demand to accelerate digital transformation initiatives. With composability, organizations can dynamically deploy virtual workloads based on changing business needs without over-provisioning hardware. This brings agility and flexibility to manage hybrid cloud environments.
The global Composable Infrastructure Market is estimated to be valued at US$ 3041.88 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Hyper-convergence is one of the major trends shaping the composable infrastructure market. It allows enterprises to build computing infrastructure from commodity hardware using automation and software-defined architecture. Composable solutions leverage hyper-converged infrastructure to pool server nodes, storage, and networking resources together that can be allocated on-demand to applications and workloads. This eliminates the need for over-provisioning and reduces infrastructure costs. As enterprises adopt hyper-convergence at scale to simplify IT operations and accelerate digital transformation projects, the demand for compatible composable solutions is growing substantially.
SWOT Analysis
Strength: Composable infrastructure offers greater flexibility and scalability compared to traditional infrastructure. It allows IT resources to be easily configured and reconfigured on demand to meet changing business needs.
Weakness: Composability is still an emerging technology and complex to implement. Switching to a composable model requires significant upfront investment and expertise. Lack of standardized frameworks can lead to integration issues.
Opportunity: Rising demand for agile and flexible IT infrastructure able to adapt quickly to business changes. Growing popularity of hybrid cloud and multi-cloud environments is driving need for integrated infrastructure able to span different clouds.
Threats: Competition from hyperconverged infrastructure which offers some level of composability within a pre-integrated solution. Potential security issues if resources are not properly segmented in a highly dynamic composable environment.
Key Takeaways
The Global Composable Infrastructure Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing focus on business agility. The global Composable Infrastructure Market is estimated to be valued at US$ 3041.88 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.
North America is currently the largest market for composable infrastructure due to early adoption by organizations in the US and Canada. The region is expected to continue dominating during the forecast period supported by strong enterprise demand and competitive pressure.
Key players operating in the composable infrastructure market are Cisco Systems, Inc.,Microsoft Corporation, Palo Alto Networks, Inc.,Symantec Corporation,Check Point Software Technologies Ltd.,Akamai Technologies, Inc.,Fortinet, Inc.,Zscaler, Inc.,Okta, Inc.,VMware, Inc.,CrowdStrike Holdings, Inc.,Cyxtera Technologies, Inc.,Proofpoint, Inc.,FireEye, Inc.,Forcepoint LLC. Composable infrastructure allows IT infrastructure to be broken into logical pieces and composed together on demand in a highly automated manner to suit application needs. Major players are focusing on introducing solutions that make infrastructure more software-defined, vendor-agnostic and able to dynamically shift resources between private and public clouds.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it