The Hyper-Converged Infrastructure Market size is estimated at USD 13.37 billion in 2024, and is expected to reach USD 40.97 billion by 2029, growing at a CAGR of 25.09% during the forecast period (2024-2029).
The hyper-converged infrastructure market is moderately competitive and has a few major players. Some of the players currently dominate the market in terms of market share. However, with the advancement in infrastructure services across the cloud platform, new players are increasing their market presence, expanding their business footprint across emerging economies. The Key players in the market are continuously making partnerships, mergers, and investments to retain their market position.
In February 2023, Huawei announced its plans to accelerate the digital transformation of enterprises by implementing advanced technologies such as big data, artificial intelligence, edge computing, and intelligent manufacturing. In this context, hyper-converged infrastructure is evolving rapidly, shifting from traditional data centers to the edge, from structured to unstructured data, and from single general-purpose computing power to diversified computing power. This evolution has become one of the mainstream approaches for constructing data centers.
Moreover, to support this trend, Huawei is preparing to launch its hyper-convergence strategy and new products like Kunpeng Hyperconvergence, Blue Whale Application Mall, hyper-convergence software, and supporting tools. These offerings will comprehensively upgrade ecosystem development, user experience, and business capabilities.
In April 2022, Equinix and Dell expanded their partnership to provide hyper-converged data center offerings. As part of this expansion, Equinix extended its Equinix Metal line of bare metal appliances. Moreover, the expansion includes introducing several new offerings, including Dell PowerStore on Equinix Metal, Dell VxRail on Equinix Metal, and Dell EMC PowerProtect DDVE on Equinix Metal. These new solutions aimed to deliver enhanced capabilities and performance by combining Dell's advanced hardware with Equinix's robust bare metal infrastructure.
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