Hyper-Converged Infrastructure Market Is Predicted To Reach USD13.96 Billion By 2024:By Grand View Research, Inc.
The global hyper-converged infrastructure market is estimated to reach USD 13.96 billion by 2024, according to a report by Grand View Research, Inc. Hyper-converged infrastructure is a software-based architecture that integrates storage, compute, virtualization, and networking resources in a box. The HCI systems are supported by a single vendor. They eliminate the need for making individual purchases of servers and virtualization software running on those servers and management tools, and do not require the installation of Storage-area Network (SAN) or Network-attached Storage (NAS). This integration, in turn, reduces the overall cost of the hyper-converged infrastructure system. The HCI market is still in its introductory stage and the adoption of Virtual Desktop Infrastructure (VDI) is anticipated to boost the industry growth over the next seven years. The industry is expected to witness tremendous growth, owing to the increasing demand to enhance IT operational...