The global market for HCI is projected to have considerable CAGR of 29.5% during the forecast period. The major factors that propels the HCI market include the the rising application of HCI in various industries such as BFSI and IT & telecom and others due to several advantages including disaster recovery, optimize operational expenditure and capital expenditure capabilities. Moreover, the growing adoption of the HCI by the enterprises for various applications such as virtual desktop infrastructure (VDI), data center consolidation and others. Moreover, HCI solutions are being adopted significantly by the SMEs due to various benefits such as reduction of cost, enhanced security, improved efficiency of data and others. The HCI based applications are considered as highly predictable and easier to manage as the costs are normally on a subscription model. HCI enables mass-scale computing power and minimizes IT requirements and physical storage, providing significant savings to the SMEs. 

 Segmental Outlook  

The global HCI market is segmented based on product type and industry. Based on the product type, the market is further classified into hardware and software. The software segment is projected to grow at a significant CAGR during the forecast period. The various industries such as Government , IT & telecom are adopting software solutions due to cost effectiveness and scalability benefits. On the basis of industry the market is further segregated into BFSI, IT & telecom, government,energy & utilities, and other.

 Global HCI Market Share by Industry, 2019(%)

Global HCI market to be driven by BFSI Industry

Among industry, the BFSI segment held a considerable growth in the market owing to the significant rise in the deployment of HCI in BFSI sector coupled with significant growth in the industry. Significant demand of VDI applications further contribute in the HCI market share. VDI’s separation of the application from endpoint ensures that data remains inside the data center, enabling IT department to exercise control over data security, disclosure, access, and auditing. Concerns regarding the customers’ data security drove banks and financial services companies to set up HCI. Moreover, implementation of VDI is expected to increase owing to the benefits it provides, including, reduction in configuration drift, enhanced data security, improved application performance, and ease in installing. Many organizations have already implemented server virtualization, and a fewer have implemented VDI. In the future years, more companies in the BFSI sector are expected to implement HCI for VDI applications.

 Regional Outlook 

Geographically, the global HCI market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The market growth is attributed to the significant adoption of HCI for various applications such as VDI, data center consolidation in economies such as China, Japan, India, South Korea, Thailand, and Australia. The increasing number of SMEs has increased the adoption of various HCI applications, which in turn, is expected to drive the adoption of HCI technology in the region.

Global HCI Market Growth, by Region 2020-2026

North America to hold a considerable share in the global HCI market

Geographically, North America is projected to hold a significant market share in the global HCI market. Major economies which are anticipated to contribute to the North America HCI market are the US and Canada. The US is the largest economy and has most of the large market players making North America the largest market across the globe. North American market is expected to hold significant market share during the forecast period. Major US-based global players in the HCI market are Microsoft Corp., VMware Inc., IBM Crop. And others holds a considerable market share. In North America major industries which are using HCI technology are IT & telecom, BFSI, government and others. Further, the US government are also securing their IT budget by adopting HCI technology. This allows the government to spend more on advanced technology rather than spending on basic IT hardware every year. 

Market Players Outlook

The key players in the HCI market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Dell Inc., Hewlett Packard Enterprise Development LP, VMware, Inc., Huawei Technologies Co., Ltd., Cisco System Inc., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global HCI market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.