Hyperconverged Integrated System Market: Healthcare Industry Likely to Attain Importance

Key players in the global hyperconverged integrated systems market include Nutanix, Pivot3, Hewlett Packard Enterprise, Scale Computing, VMware, Inc., Simplivity Corporation, Cisco Systems, Inc., Oracle Corporation, NetApp Inc., Fujitsu Limited, and Huawei Technologies Co., Ltd. The global hyperconverged integrated system market is highly fragmented due to the rapid rise of the sector and is likely to witness steady entry of numerous new players in the near future. The competition in the market is thus likely to escalate steadily over the coming years.

According to Transparency Market Research (TMR), the global hyperconverged integrated system market is likely to rise to a valuation of close to US$31 bn by 2025. The market was valued at US$1.5 bn in 2016 and is expected to exhibit a robust 37.3% CAGR between 2017 and 2025.

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Healthcare Industry Likely to Attain Importance in Global Hyperconverged Integrated System Market

The global hyperconverged integrated system market is divided by application into the healthcare sector, the government sector, education, entertainment and gaming, BFSI, hospitality, and cloud service providers. The healthcare sector’s contribution to the hyperconverged integrated system market is likely to exhibit a rapid 41.7% CAGR between 2017 and 2025, due primarily to the growing adoption of digital information storage mechanisms in the healthcare sector in developed countries. Growing use of smartphone-based technology for patient interaction is likely to be a key driver for the global hyperconverged integrated system market in the coming years.

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Regionally, North America is the leading contributor to the global hyperconverged integrated system market. The regional market accounted for US$1.3 bn in 2017 and is likely to rise to more than US$13 bn over the 2017-2025 forecast period. However, Europe and Asia Pacific are both likely to outpace the North America market for hyperconverged integrated systems, with the Europe market expected to exhibit a robust 43.8% CAGR in the given period and the Asia Pacific hyperconverged integrated system market expected to exhibit 42.9%.

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