Some of the prominent players in the global hyperconverged integrated market includes names such as Pivot3, Nutanix, Hewlett Packard Enterprise, VMware Inc., and Scale Computing, among others. These companies are now focusing more on enhancing their application sector and forming strategic partnerships to enhance their market presence. It is projected that in coming years, the market competition will intensify because of the tactical decisions taken by the key market players. Recently, Kanbawza Bank, the largest private bank in Myanmar joined hands with VMware Inc, an international leader in business mobility and cloud infrastructure. This move materialized with a view to virtualize the bank data center and achieve the business demand of growing digital economy Myanmar.
The global hyperconverged integrated systems market stood at the overall valuation of US$1.5 bn in the year 2016. Over the course of the mentioned forecast period of 2017 to 2025 the global market for hyperconverged integrated systems is estimated to reach an overall valuation of US$31 bn. This growth in the market is expected to be achieved at a sturdy CAGR of 37.3% during the aforementioned forecast period of 2017 to 2025.
How will need for Cost Savings Drive the Global Hyperconverged Integrated Systems Market?
Hyperconverged integrated systems now have become an important need for several sectors in the past few years because of the increasing adoption of digital methods in an ever-growing number of sectors of life. The international market for hyperconverged integrated is expected to prosper in the coming years because of the enforced overall cut down in the expenditure due to these systems. Moreover, the demand for these integrated systems has been fuelled because of the extensive control it offers over a wide range of digitalized modern operating systems.
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How will Asia Pacific and Europe Fare in Terms of Market Contribution?
Asia Pacific and Europe are vital regions for the global hyperconverged integrated systems market because of the huge potential they offer for digitization setups. Europe is amongst one of the conventional adopters of technological advancements. On the other hand, governments in the countries of Asia Pacific have taken a positive stance towards the expansion of digital infrastructure which has subsequently led to rising profitable commercial market possibilities for the hyperconverged integrated systems market. The Asia Pacific and Europe markets for the hyperconverged integrated systems are estimated to show a CAGR of 42.9% and 43.8% respectively over the course of the mentioned forecast period of 2017 to 2025. These regions are expected to drive the market for hyperconverged integrated systems in the near future. The stable economic progress shown by the regional powers is subsequently expected to lead to the overall development of the global market.