Sarasota, FL -- (SBWIRE) -- 03/05/2019 -- Zion Market Research has published a new report titled "Hyper-Converged Infrastructure Market By Hypervisor (Vmware (Vsphere/ESX/ESXi), Hyper-V, and KVM), By Application (Server Virtualization, Data Protection, Virtual Desktop Infrastructure, Remote Office/Branch Office, Cloud, and Others), and By Vertical (Healthcare, Financial Institutions, Education, Government, and Cloud Service Providers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024". According to the report, the global hyper-converged infrastructure market was valued at approximately USD 1.62 billion in 2017 and is expected to reach approximately USD 21.13 billion by 2024, at a CAGR of around 44.28% between 2018 and 2024.

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Hyper-converged infrastructure (HCI) is an IT framework that includes centralized management of integrated infrastructural resources and virtualization of all hardware components of a traditional data center environment within a software-defined architecture. Hyper-converged infrastructure helps various data center functions run in a close integrated software layer to simplify the service delivery that earlier required purpose-built hardware.

The increasing use of virtualization to overcome the complexity is expected to drive the growth of the hyper-converged infrastructure market globally over the projected time period. The increasing demand from various application segments to reduce the overall IT operating cost and the escalating need for disaster recovery and data protection are other factors likely to support the development of the hyper-converged infrastructure market in the future. Due to the presence of a storage controller, which is a software service in HCI, the requirement of expensive SAN or NAS hardware gets eliminated. However, the selection of appropriate bundled solutions and hypervisor depend on specific infrastructure requirement which might limit the hyper-converged infrastructure market growth on a global scale. However, selection of appropriate bundled solutions and hypervisor depend on specific infrastructure requirement which might limit the hyper-converged infrastructure market growth on a global scale.

The global hyper-converged infrastructure market is classified into hypervisor, application, and vertical. By hypervisor, the global hyper-converged infrastructure market includes Vmware (Vsphere/ESX/ESXi), Hyper-V, and KVM. By application, the market is divided into server virtualization, data protection, virtual desktop infrastructure, remote office/branch office, cloud, and others. Data protection is expected to dominate the market in the upcoming years. By vertical, this global market includes healthcare, financial institutions, education, government, and cloud service providers.

By region, the global hyper-converged infrastructure market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold the largest share in the global hyper-converged infrastructure market in the years ahead. The booming IT and software industry in the U.S. is the major growth driver of the region's hyper-converged infrastructure market. Europe is likely to witness moderate growth in the global hyper-converged infrastructure market in the future, owing to the increasing popularity of network virtualization among the European IT players. The Asia Pacific region is expected to register the highest growth rate in the global hyper-converged infrastructure market in the years ahead. This can be attributed to the increasing demand for server virtualization and applications based on a virtual environment, such as virtual desktop infrastructure (VDI), in the Asia Pacific region.

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Some key players of the hyper-converged infrastructure market are Simplivity Corporation, Scale Computing, Cisco Systems, Inc., Gridstore, Inc., Pivot3, Vmware Inc., Nutanix Inc., Maxta Inc., and Nimboxx Inc., among others.

This report segments the global hyper-converged infrastructure market into:

Global Hyper-Converged Infrastructure Market: Hypervisor Analysis

Vmware (Vsphere/ESX/ESXi)
Hyper-V
KVM

Global Hyper-Converged Infrastructure Market: Application Analysis

Server Virtualization
Data Protection
Virtual Desktop Infrastructure
Remote Office/Branch Office
Cloud
Others

Global Hyper-Converged Infrastructure Market: Vertical Analysis

Healthcare
Financial Institutions
Education
Government
Cloud Service Providers

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Global Hyper-Converged Infrastructure Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa