Albany, NY -- (SBWIRE) -- 11/18/2015 -- The growing need for business acceleration, lowering of costs, IT simplification and risk minimization are the key factors driving the growth of converged infrastructure solutions and services market. The converged infrastructure is a single platform where all the components of data center including servers, storage, virtualization and networking are present. These solutions offer easy alignment, greater agility, security, scale and simplicity which are significantly preferred by majority of the organizations.

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The converged infrastructure solutions are experiencing a significant demand in the market in order to meet the need for cloud, mobility, security, as well as big data by various enterprises. The small and medium sized businesses are also adopting such converged solutions in order to lower the expenses incurred in investing in the traditional data centers, which is further fostering the growth momentum. This has also led to the increasing demand for converged infrastructure management software among various organizations for better accuracy, meeting all kinds of service level agreements (SLAs) and quality control. The new hyperconverged infrastructure trend provide a potential growth opportunity for converged infrastructure solutions and services market. The vendors of converged infrastructure have developed customized solutions that combine storage, networking as well as virtualization technology for solving the data center problems.

The decline of IT budgets due to economic volatility is the major challenge for the growth of converged infrastructure solutions and services market. The global converged infrastructure solutions and services market generated revenue of US$ 6.10 Bn in 2014 and is projected to grow at a CAGR of 28.9% during the forecast period (2015 – 2022) to reach a market size of US$ 50.56 Bn by 2022.

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The converged infrastructure solutions and services considered here includes both pre-configured and custom-built architecture type. Based on the component type, converged infrastructure solutions and services market is categorized into converged infrastructure appliance, converged infrastructure management software and services. There is increasing demand for custom-built converged infrastructure solutions since the risk of mismatch between preloaded configurations with the business requirements is more which may create significant problems in the systems. Further, the converged infrastructure services includes integration and implementation, support and consulting, operation and maintenance.

IT and Telecom segment was the largest end-use sector of the converged infrastructure solutions and services market in 2014. The converged system includes the integrated networking and storage systems that is easy to manage. It reduces the operational as well as capital costs to the communications service providers enabling better service deployments. IT and Telecom sector handles a huge amount of data and requires high storage capacity which further increases the need of converged infrastructure solutions in their systems. The telecommunication industry has been experiencing transformation from recent years with more demand for sophisticated, customized communications services.

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The public sector is experiencing a significant growth in demand for converged infrastructure solutions and services. The converged infrastructure solutions enable the public sector organizations to balance the workflows that fluctuates according to the changing technological trends and also help in fast and smooth processing of various e-government initiatives. During the coming years, Asia Pacific would be a key region driving the demand for converged infrastructure solutions and services. As converged infrastructure solutions and services market is experiencing considerable growth from recent years, the number of vendors providing these solutions and services have also grown. Some of the key vendors providing converged infrastructure solutions and services in 2014 include VCE Company, Cisco Systems, Inc., Hewlett-Packard Company, Oracle Corporation, SimpliVity Corporation, Nutanix, Inc., IBM Corporation, Dell, Inc., Hitachi Data Systems and EMC Corporation.

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