According to Future Market Insights (FMI) newly released statistics on composable/disaggregated infrastructure industry analysis, demand would grow at a CAGR of 26.3 percent from 2021 to 2031.
By the end of 2021, the market is expected to be worth more than US$ 2.2 billion, according to the analysis. According to FMI, rapid technological improvements in the data center business have offered opportunities for the implementation of composable/disaggregated infrastructure.
Composable disaggregated infrastructure has become critical in increasing usage and productivity and thereby fueling the market growth.
Other data center manufacturers are opening offices or focusing on expanding their product sales in various nations. Key businesses to develop their business in terms of value are strengthening their presence in the region, owing to the presence of a big untapped consumer base and strong growth potential.
Impact of COVID-19 on the Market for Composable/Disaggregated Infrastructure
Health worries are growing over the world, and the ongoing COVID-19 epidemic is having a huge impact on business, particularly when it comes to data delivery. During the pandemic, IT functions linked with data centers were severely impacted.
In the Covid-19 reality, physically moving servers, closing buildings, and constructing a new place is far more difficult. However, the epidemic has compelled businesses to embrace digitalization, since increased demand for remote labor necessitates greater cloud computing deployment to meet rising data demands.
As a result of the pandemic, the digital transformation has accelerated, and the value and role of data centers in the face of global disruptions have been better understood. Data demand has increased at an exponential rate in several countries.
Composable solutions will be in high demand as the 5G network is deployed.
Fifth-generation (5G) cellular network technology is capable of transforming the way people conduct their daily activities and business, from the Internet of Things (IoT) to Artificial Intelligence (AI).
5G technology plays a critical role in boosting economic growth, and some countries are planning to use it to alter their existing corporate operations. The demand for composable solutions will rise as more 5G networks are deployed around the world.
This is owing to the increasing power and processing requirements of 5G infrastructure, which will necessitate highly efficient and dependable power systems capable of withstanding large loads. This requirement of 5G technology can be perfectly met by the modular and extremely efficient composable solution.
Hewlett Packard Enterprise, Cisco Systems Inc., Dell EMC, and Ericsson dominate the composable-disaggregated infrastructure business, which is heavily concentrated and controlled by dominant players.