Converged Infrastructure Market worth $33.89 Billion by 2019, According to a New Study on ASDReports

Thursday 2 October 2014, Amsterdam

The report broadly segments the converged infrastructure market on the basis of component:server, networking devices, storage devices, infrastructure software; service: integration services and consulting and professional services; architecture type: custom build and pre-configured; end user: enterprises, cloud service providers, and colocation service providers; vertical: Banking, Financial Services, and Insurance (BFSI), IT and telecom, public sector, retail, manufacturing, and healthcare; region:North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).

The major driving factors for the converged infrastructure market are aligning IT as per the business requirements, aging of traditional datacenters, lower Capex and Opex of IT, lower cost of services, and rapid growth of cloud services. Converged Infrastructure solution providers are facing challenges in terms of dependency on Internet networks, monetization of user base, and fierce competition.

The report forecasts the converged infrastructure market to grow from $11.53 billion in 2014 to $ 33.89 billion in 2019 at a Compound Annual Growth Rate (CAGR) of 24.1%. In terms of regions, North America and Europe are expected to be the biggest markets in terms of revenue contribution, while Asia-Pacific (APAC) and MEA are expected to experience increased market traction, during the forecast period.