Composable Infrastructure Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The Composable Infrastructure Market is poised to witness a CAGR of 50.1% during the forecast period. Composable infrastructure refers to the IT infrastructure formed by disintegrating various components such as computing, networking, and storage of the data center infrastructure and integrating them in different ways per the needs of specific workloads. Major factors expected to drive the growth of the composable infrastructure market are rising business analytics workload, increased customer expectations, implementation of methodologies such as DevOps, the rise of automation and standardization tools, and the increasing adoption of hybrid cloud.
Key HighlightsThere are many major international and local competitors in the fiercely competitive market for composable infrastructure. These companies control a sizeable portion of the market and concentrate on growing their customer bases across the world. Throughout the projected period, these businesses will focus on R&D initiatives, strategic alliances, and other inorganic and organic growth strategies.
In October 2022, Huawei Technologies unveiled new network architecture for oil field technologies at Huawei Connect that lets users control and secure networks. Customers can access numerous services using a single physical network, lowering enterprise investment. Retail oil firms may now manage station data remotely thanks to this new solution, which offers a thorough analysis and presentation platform.
In October 2022, UBS group (a multinational investment bank and financial services company in Switzerland) collaborated with Microsoft to offer more than half of its applications running with the Microsoft Azure Cloud. Azure will help advance UBS’s sustainability initiatives, drive operational efficiencies, and maintain its standards for compliance and security. Overall, it will help the firm to increase the speed at which it can deliver and improve upon its digital experiences for clients and employees.
In November 2022, Deloitte and Amazon Web Services partnered to provide Cloud-based BaaS (Banking as a Service) platform to help organizations offer customized digital banking services. The service will allow smaller banks to compete in a rapidly changing banking environment and further boost their business.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook