The global Composable Infrastructure Market size is expected to reach USD 25.47 billion by 2028, registering a CAGR of 19.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. Increasing investments in digital transformation (from traditional infrastructure to new infrastructure) by enterprises, reduced CAPEX and OPEX due to the adoption of composable infrastructure, and high adoption of virtualization are the major factors driving the overall market growth.
The reducing prices of solid-state drives (SSD) and the introduction of new technologies such as 5D memory crystals are driving investments in storage resources by organizations. Massive data is accumulated daily over different networks in different industry verticals. The deployment and spread of 5G networks and the Internet of Things (IoT) and smart devices have driven the adoption of composable infrastructures in industries such as manufacturing and IT and telecom.
Currently, many organizations are shifting from private data centers and on-premises solutions to composable infrastructure for enterprise data management. However, they strive to find skilled IT professionals and other IT solutions that provide similar control and visibility as their on-premises solutions. These factors are hindering the overall market growth. However, the emergence of the hybrid cloud and the increasing investments in data center technologies are providing an opportunity for overall market growth.
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