Market Trends of Composable Infrastructure Industry
This section covers the major market trends shaping the Composable Infrastructure Market according to our research experts:
IT and Telecom Vertical is Expected to Grow at a Significant Rate Over the Forecast Period
- IT and telecom enterprises are willing to accelerate their apps, data, and innovation in the current scenario. It needs to manage conventional bare-metal and virtualization applications more efficiently while supporting containerized applications with software-driven automation and a fluid pool of resources that may flexibly custom fit the specific requirements.
- Composable IT platforms are being adopted by the majority of businesses to speed up transformation and cut down on implementation time. A poll indicates that 50% of companies have changed to operate in this environment in the last two years.
- January 2023 - Microsoft acquired Fungible, a provider of composable infrastructure, to accelerate networking and storage performance in data centers with high-efficiency, low-power data processing units (DPUs).
- February 2023 - AWS Lambda, a computing platform by Amazon, launched a digital experience testing cloud for enterprises. This cloud service will enable enterprises to pick and choose across cross-browser testing, accurate devices testing, visual regression testing, and OTT app testing.
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North America is Expected to Hold a Significant Share Throughout the Forecast Period
- The North American region dominates the composable infrastructure market, with the United States occupying a significant market share. The region's dominance is the presence of leading composable infrastructure solution providers, such as Cisco, Juniper Networks, Liqid Inc., Nutanix Inc, and Hewlett Packard Enterprise. These players focus on partnerships, mergers and acquisitions, and innovative solutions to stay in the regional and global competitive landscapes.
- The growing number of SMEs and concerns over increasing the infrastructure's efficiency in computing, storage, and network fabric resources are some of the primary drivers of the market. According to a report published by CBRE, New York and New Jersey together, they were flagged as the top markets for data center leasing activity during the first half of 2022, driven by the financial services sector. To meet the rising demand, the under-construction activity of data centers hit a 10-year high of 67 MW in H1 2022.
- Event-Driven Architecture, or EDA, is a new phenomenon adopted by leading enterprises, which complements market growth. Event-driven microservices are followed to transform business processes and customer experience using real-time data and asynchronous interactions. A recent study by O'Reilly depicted that almost 61% of software engineers and technical professionals have been using microservices for a year or more. The finance and banking sector topped the chart for using microservices, followed by other industries like e-commerce, telecom, manufacturing, transportation, and logistics.
- Oct 2022 - Finxact, a Fiserve company in the US, teamed up with PwC to offer financial institutions cutting-edge cloud solutions for the industry. By this agreement, financial institutions will be able to introduce their clients to commercial cloud products.
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