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Composable infrastructure is a framework that separates the device resources to treat them as services. Some of the examples of device resources, which are treated as services include physical computing, storage, and network fabric resources. The objective of a composable infrastructure is to allow an organization's data center to utilize its physical infrastructure at the same time reducing the time to deploy a new application. A composable infrastructure undermines the need for IT experts to be worried about the location of infrastructure components. That means officials no longer need to physically configure the hardware to assist specific software applications. In composable infrastructure storage, computing and network resources are separated from their physical locations and they can be managed through software by using a web-based interface.
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The rising business analytics capacity, implementation of methods such as DevOps, enhanced customer expectations, increase of automation of tools & techniques, and development of hybrid cloud are the factors driving the growth of the composable infrastructure market. In addition, the importance to close the gap between traditional and new infrastructure and high scalability of composable infrastructure is propelling the growth of the composable infrastructure market.
However, lack of skilled IT staff, difficulties associated with integrating composable infrastructure into the traditional infrastructure, and management tools and concerns about the infrastructure failure are the factors hampering the market growth. Furthermore, increasing demand for composable infrastructure is mainly due to the growing number of business applications and demand for hardware requirements to make IT infrastructure more flexible and accessible that provides lucrative opportunities to the growth of the composable infrastructure market.
The market trends for composable infrastructure market are as follows:
Implementation of composable infrastructure in BFSI segment
BFSI segment is expected to implement composable infrastructure solutions during the forecast period. The infrastructure is expected to help financial institutions and service providers improve their operational efficiency and performance. Some of the significant advantages of deploying composable infrastructure include continuous scalability, lessen operational and management costs. However, the BFSI segment is anticipated to deploy composable infrastructure, as these infrastructures help increasing the speed of data processing and ease business risks by combining the control of all operations from a single place.
Asia-Pacific is expected to grow during the forecast period
Asia-Pacific is expected to observe growth during the forecast period. The major countries of Asia-Pacific to witness high growth rates include India, China, Singapore, and Japan. The market in Asia-Pacific is driven by the focus of businesses to develop in-house data centers. Companies in this region are bringing on changes in their business strategies for customer acquisition to experience. The businesses are converting their business applications and making them respond to business changes with times. Therefore, companies require more flexible and accessible infrastructure that can resist the workload requirements of the new applications. Furthermore, this region includes some the fastest-growing economies, such as India and China, which are investing on their IT infrastructure to encourage digitalization.
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