Market Size of Composable Infrastructure Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.69 Billion |
| Market Size (2029) | USD 13.46 Billion |
| CAGR (2024 - 2029) | 18.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Composable Infrastructure Market Analysis
The Composable Infrastructure Market size is estimated at USD 5.69 billion in 2024, and is expected to reach USD 13.46 billion by 2029, growing at a CAGR of 18.79% during the forecast period (2024-2029).
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.
- The conventional siloed IT infrastructure cannot provide the flexibility required by the modern world's enterprise-critical applications. Additionally, an increasing number of IT firms are shifting to the DevOps methodology for application development, which needs an agile framework to keep up with the rapidly evolving application requirements and often uses an "infrastructure as code" methodology to optimize resource allocation.
- A composable infrastructure turns "infrastructure into code" with the help of an easy-to-use API. For a large enterprise, the infrastructure as a code solution delivered efficiency to the IT infrastructure team with ease and agility to deploy. FireFly Cloud Management Solution launched Open Source Project 'AIaC' to Generate AI-powered Infrastructure-as-Code. AIaC will eliminate the need for manual coding as it will automatically generate the corresponding IaC code templates, code comments, and execution instructions.
- Micron advanced OCP storage support for cloud-scale and enterprise data centers. With features like intelligent management, performance optimization, seamless integration, and error handling, the clients can accelerate time to market and lower operating costs. The solution extends benefits like core firmware leveraged across the enterprise and hyper scalers, resulting in more features, better quality, and rapid access to those leading-edge features brought to market by companies like HPE and Micron.
- Post-COVID-19, major infrastructure players, be it in IT or financial services, are diverting their functionalities to digitized solutions such as hybrid cloud, IoT, and edge computing. UAE-based Invest Bank partnered with Temenos, which specializes in enterprise software for banks and financial services. This was the first bank in UAE to adopt a full SaaS model for its digital and core banking platform.
