Hyper-Converged Infrastructure Market Trend, Global Industry Size, Price, Future Analysis, Regional Outlook to 2025

According to a research report "Hyper-Converged Infrastructure (HCI) market size is expected to reach USD 27.1 billion by 2025, from USD 7.8 billion in 2020 and growing at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period” published by MarketsandMarkets. the global HCI market size is expected to grow from USD 7.8 billion in 2020 to USD 27.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period. HCI enables a highly scalable approach, wherein data center functions are pooled onto commodity hardware and are shared between virtual machines running on any host in the cluster. This approach provides agile deployment of virtualized workloads, reduction of data center complexity, and improved operational efficiency.

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The software segment to grow at a higher CAGR during the forecast period

The software component of HCI comprises a hypervisor, software-defined storage solution, and unified management console. The tightly integrated HCI software layer enables the execution of key data center functions, which improves the performance in production environments and address the capacity and performance challenges of business. The hypervisor is a critical component used in the HCI solutions as it provides virtualization and abstraction of the underlying hardware. The software-defined storage solutions ensure application performance, data availability, and flexible scalability. The unified management interface simplifies monitoring and maintaining the infrastructure.

The backup/recovery/disaster recovery application to grow at the highest CAGR during the forecast period

Datacenter outages may result in substantial losses for organizations. Disaster recovery is typically part of a wider strategy of business continuity. To ensure business continuity, organizations are increasingly switching from traditional backups to virtualized backups of a single VM/application. They are deploying HCI solutions for backup/recovery/disaster recovery applications. Backup/recovery/disaster recovery is implemented on HCI by replicating each VM to a backup server. In case of a VM failure, a system administrator can restore the backup instantly. This brings up all the critical business services and allows business operations to continue. This advantage of HCI is expected to fuel its demand over the forecast years.

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North America to dominate the HCI market during the forecast period

The global HCI market by region covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East, and Africa (MEA), and Latin America. North America is estimated to hold the largest market size in 2020, owing to the presence of several vendors and considerable investments in adopting HCI solutions in the region. The HCI market in APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid developments of the required infrastructure and the increasing need to adopt innovative technologies.

The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments adopted by the major players to expand their presence in the market. Major vendors in the HCI market include Dell EMC (US), Nutanix (US), Cisco Systems (US), HPE (US), Huawei (China), NetApp (US), VMware (US), Pivot3 (US), Scale Computing (US), Startoscale (US), DataCore (US), Maxta (US), Microsoft (US), HiveIO (US), Supermicro (US), Hitachi Vantara (US), Diamanti (US), Lenovo (China), NEC Corporation (Japan), Riverbed Technology (US), IBM (US), Fujitsu (Japan), StarWind (US), Sangfor Technologies (China), and StorMagic (UK).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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2024 Digital Experience Platform Market Segmented by Product | Top Manufacturers, Geography Trends

According to a research Report "Digital Experience Platform Market by Component (Platform and Services), Deployment Type (Cloud and On-premises), Vertical (Manufacturing, IT & Telecom, BFSI, Healthcare, Travel & Hospitality, and Public Sector), and Region - Global Forecast to 2024" published by MarketsandMarkets, is expects to grow from USD 7.9 billion in 2019 to USD 13.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period. Major factors expected to drive the growth of the DXP market include help in understanding the immediate needs of customer, reducing the customer churn rate, growing deployment of cloud-based solutions, and rising demand for big data analytics.

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Based on component, services segment to record a higher growth rate than platform segment during the forecast period

Base on component, the services segment is expected to grow at a higher rate than the platform segment during the forecast period. The services segment has a major influence on the DXP market’s growth. The demand for services is increasing with the growing adoption of DXP by enterprises across major verticals. These services assist end users in reducing costs, increasing overall revenues, and improving business performance. With the help of these services, organizations can track, evaluate, and analyze the requirements of their business to make better-informed decisions.

Among services, managed services segment to register a higher growth rate than professional services segment during the forecast period

Among services, the managed services segment is expected to witness a higher growth rate than the professional services segment during the forecast period. Managed services help clients manage their DXP operations on-premises as well as in the cloud. The prime responsibility of the managed services providers is to improve the efficiency of inbound and outbound operations cost-effectively for enterprises.

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North America to account for the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period. The US has emerged as the largest market for DXPs due to the large-scale implementation of DXPs by organizations and enterprises in the country. The high pace of digital transformation, along with the high growth of Artificial Intelligence (AI) and data analytics, is attributed to the fast growth of the DXP market in the US.

Key and emerging market players include Adobe Systems (US), Oracle (US), SAP (Germany), IBM (US), Microsoft (US), Salesforce (US), OpenText (Canada), SDL (UK), Sitecore (US), Acquia (US), Jahia (Switzerland), Episerver (US), Squiz (Australia), BloomReach (US), Liferay (US), Kentico (Czech Republic), and censhare (Germany). These players have adopted various strategies to grow in the DXP market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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USA: +1-888-600-6441

 

 

 

 

 

 

 

 

 

 

 

2024 Commerce Cloud Market Share | Application Analysis, Regional Outlook | Competitive Strategies, Key Players

According to a research report "Commerce Cloud Market by Component (Platforms and Services), Organization Size, Application (Electronics, Furniture, and Bookstores, Grocery and Pharmaceutical, Automotive, and Fashion and Apparel), and Region - Global Forecast 2024", published by MarketsandMarkets, The global commerce cloud market size is expected to grow from USD 8.9 billion in 2019 to USD 27.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period. Increased flexibility and performance, and reduced time and cost are expected to spur the demand for commerce cloud offerings across the globe.

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Focus on selecting the right commerce cloud solution to drive the adoption of training and consulting services

Training and consulting services are provided by highly qualified industry or domain experts. Organizations hire experts to gain an enhanced strategic outlook, improve their overall performance, and transform their business operations. By offering consulting services, enterprises understand the competencies of different commerce cloud vendors. Moreover, these services help reduce risks, minimize complexities, and increase Reutrn on Investment (RoI). Additionally, consulting services enable enterprises in making smarter decisions for the growth of their businesses. Furthermore, with the help of consulting services, the commerce cloud providers can offer tailored commerce cloud solutions to their customers and deliver maximum benefits.

Large enterprises to deploy commerce cloud platforms to effectively execute trading strategies

As commerce cloud technologies are simplifying the Information Technology (IT) aspects, several enterprises have replaced their traditional data center infrastructure technologies and various other management processes with cloud computing. Hence, a number of enterprises have built strategies inclined toward commerce cloud enablement. The major benefit large enterprises have with cloud transformation, is that the commerce cloud services are maintained and supported by the vendors themselves. Firms can thereby engage their employees in more strategic business tasks. The demand for flexible, scalable, and convenient commerce cloud solutions for large enterprises pushes service providers to come up with new technologies and offer innovative solutions. Hence, the commerce cloud market for large enterprises is growing.

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North America to dominate the global commerce cloud market in 2019

North America is expected to be the largest contributor among all the regions, owing to its adoption of commerce cloud platforms and solutions by enterprises. The top countries in the North American region, contributing to the growth of the market, include the US and Canada. The enterprises present in various countries of this region, especially in the US, have leveraged Artificial Intelligence (AI), Machine Learning (ML), and deep learning technologies as a part of their ongoing business process to stay competitive in market. North American countries have a well-established economy, which enables commerce cloud vendors to invest in new technologies. Furthermore, the region is regarded as the center of innovation where ITgiants are rolling out new offerings and aggressive collaborations are taking place pertaining to the market.

The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the global market. Major vendors in the commerce cloud market include IBM (US), SAP (Germany), Salesforce (US), Apttus (US), Episerver (US), Oracle (US), Magento (US), Shopify (Canada), BigCommerce (US), and Digital River (US), Elastic Path (Canada), VTEX (Brazil), commercetools (Germany), Kibo (US), and Sitecore (India).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

 

 

 

 

 

 

 

 

 

 

 

Virtualization Security Market 2024 Outlook | Pricing Strategy, Industry Latest News | Top Company Analysis, Share

According to a research report "Virtualization Security Market by Component (Solution (Virtual Infrastructure & Lifecycle Protection) & Services (Professional & Managed)), Deployment, Organization Size, End User (Service Providers & Enterprises), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global virtualization security market is expected to grow from USD 1.3 billion in 2019 to USD 2.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. The significant aspects of driving the virtualization security market include increasing adoption of virtual applications across SMEs and large enterprises. Driven by multiple factors, such as flexibility, cost-saving, and availability, an increasing number of companies are transferring their data to the cloud (though this is also exposing these companies to various risks associated with virtualization). Some of the other drivers for this market are the rising incidents of cyberattacks and increase in stringent regulations and compliance requirements. The growth of the global virtualization security market is attributed to the growing need for virtualization security to address privacy requirements and compliance concern driven security spending.

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Virtual Infrastructure protection segment to grow at the highest CAGR during the forecast period

Virtualization security led to an increase in the reliability of virtual network environment and the underlying infrastructure, which is essential for growing cloud services. Virtualization security helps to improve business competitiveness by increasing enterprise business efficiency and user productivity. Virtual Infrastructure protection refers to the security configurations and hybrid appliances in a virtualized environment. With the use of this solution, enterprises can lock down configuration of the hypervisor to prevent access to any unused ports. Moreover, this solution limits the potential risk of attack through the bypass of the management console and direct connection to one of the hypervisors control points. Furthermore, this type of solution provides a central control point for authenticated access to all hypervisor and management control points, and hence, organizations are deploying virtualization security solutions.

Managed services to grow at a higher CAGR during the forecast period

Managed services mostly revolve around the term “outsourcing.” Technologies such as big data analytics, blockchain, and AI are rapidly evolving. Therefore, protecting business-critical applications is getting tougher every day. This task becomes even harder when an organization does not have a dedicated IT security team or experts. However, due to high costs and resource constraints, organizations often outsource this task to MSSPs. The MSSPs offer round-the-clock visibility into the IT infrastructure and provide security assessment and monitoring of applications, systems, and devices. The demand for managed services is on the rise due to growth in large-scale networks and increase in IoT and cloud applications in organizations.

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Asia Pacific to grow at the highest CAGR in the market during the forecast period

The APAC region is expected to experience extensive growth opportunities during the forecast period. With the increasing adoption of cloud technologies, virtualization and the increasing amount of business processes, there has been a significant rise in the adoption of virtualization security solutions and services in this region. Increasing focus and investments in areas such as virtualized environment, quality, and advanced security techniques is set to drive the growth of the virtualization security market. Increasing adoption of virtualization security for cloud-based applications has created a demand for full-fledged virtualization security solutions in the region. The APAC region demonstrates a combination of high growth, developing economies, and mass adoption of BYOD and IoT trends. Thus, this region is estimated to be growing at the fastest CAGR during the forecast period.

Various growth strategies have been adopted by the major players to increase their market presence, such as mergers and acquisitions, partnerships and collaborations, business expansions, and product developments. Some of the major technology vendors in the virtualization security market are Trend Micro (Japan), VMware (US), Juniper Networks (US), Fortinet (US), Sophos (UK), Cisco (US), IBM (US), Centrify (US), HyTrust (US), Check Point (srael), Tripwire (US), HPE (US), Dell EMC (US), Intel (US), CA Technologies (US), Symantec (US), StrataCloud (US), ESET (Slovakia), McAfee (US), and Huawei (China).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

 

 

 

 

 

 

 

 

 

 

 

 

2024 Virtual Mobile Infrastructure Market Size Estimation | Industry Share, Business Analysis | Growth Opportunities

According to a research report "Virtual Mobile Infrastructure Market by Component (Platforms and Services), Deployment Type (Cloud and On-premises), Vertical (BFSI, Healthcare, Manufacturing, and Government), and Region (North America, Europe, APAC, and RoW) - Global Forecast to 2024", published by MarketsandMarkets, the Virtual Mobile Infrastructure (VMI) market is expected to grow from USD 113 million in 2019 to USD 173 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. The major factors driving the VMI market include increase in smartphone penetration and reduced hardware and operating cost using VMI.

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VMI platform to grow at a higher CAGR in the global VMI market during the forecast period

The VMI market has been segmented on the basis of component into 2 categories: platforms and services. The platforms segment holds a higher market share during the forecast period. The increased penetration of smartphones, supportive Bring Your Own Device (BYOD) & and Choose Your Own Device (CYOD) policies of the organizations, and organizational need to enhance the productivity of the mobile workforce are the factors owing to the increasing demand of VMI platforms.

Cloud deployment type to be a faster growing segment from 2019 to 2024.

In cloud deployment type, VMI platforms are delivered via the cloud. The advantages of deploying cloud-based VMI platforms include flexibility, scalability, affordability, operational efficiency, and low IT-related costs. The additional benefits of cloud-based solutions include effectiveness while being used by many users, reduced upfront costs, easy rolling out of new projects, zero hardware investments, low maintenance costs, and minimized infrastructure costs. The overall adoption of cloud-based VMI platforms is seen to be on the rise and expected to be high during the forecast period, due to the associated functionalities and core features. Majority of the market vendors are planning to offer cloud SaaS offering in the VMI market.

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North America to hold the largest market size in the VMI market during the forecast period

North America is estimated to account for the largest share of the market in 2019. The region is considered the most advanced in terms of technology adoption and infrastructure. North America has well developed BFSI, IT, and healthcare sectors, which represents a significant opportunity for the VMI service providers. The region has a high number of unique mobile subscribers hence, the businesses can efficiently implement VMI solutions to enhance the productivity of the mobile workforce. The presence of key players, such as Sierraware (US), Nubo (US), Fortinet (US), and Intelligent Waves (US) in the region is the major driving factor for the growth of VMI market in the region. With a high number of unique mobile subscribers, North America represents significant growth opportunities for VMI vendors.

Major vendors in the VMI market include Trend Micro (Japan), Avast Software (Czech Republic), Sierraware (US), Nubo (US), Intelligent Waves (US), Pulse Secure (US), Raytheon (US), Prescient Solutions (US), Fortinet (US), and Genymobile (France).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441