How HCI helps enterprises stay on top of data regulations
FYI, this story is more than a year old
Increasing data protection requirements will supposedly drive the demand for Hyper-Converged Infrastructure (HCI) solutions across the globe according to Research And Markets.
The global HCI market size is expected to grow from US$4.1 billion in 2018 to US$17.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.
HCI helps organizations in complying with various regulations, including capital requirements in banking or eligibility requirements for government benefits. Hypervisors play an important role during the deployment of any virtualization.
However, in HCI, the choice is limited as the hypervisors offered are vendor-dependent. These factors may restrict the adoption of HCI solutions.
The hardware segment to hold a larger market size during the forecast period.
HCI solution combines all the typical data center hardware-based resources which are stored, compute, and networking onto an industry-standard server.
The hardware components are available in 3 options: engineered appliances, certified nodes, and customized solutions. End users can choose any of these based on their specific requirements.
The data center consolidation segment to hold the largest market size during the forecast period.
HCI is available with data reduction features, such as deduplication and compression. These advantages of HCI reduce the overall hardware requirement in the data center infrastructure. Moreover, it reduces the requirement of separate backup software, deduplication appliances, and Solid-State Drive (SSD) arrays.
Organizations are increasingly adopting infrastructure refresh and cost optimization projects. HCI solutions enable organizations to consolidate all or a part of their data center in their premises. It would positively impact the growth of HCI market over the forecast period.
North America to hold the largest market size in 2018, while Asia Pacific (APAC) to grow at the highest CAGR during the forecast period.
North America is estimated to hold the largest market size in the global HCI market in 2018.
North America is the most matured region in the HCI market, as most large enterprises are in the region. On the other hand, the HCI market in APAC is expected to witness exponential growth to become the fastest-growing region.