Categories: Tech

Cloud-Native Technology Leads Infrastructure Software Spending, According to a Report

According to a recent Omdia research, your peers are spending the most money on cloud-native technologies for data centre infrastructure software.

 

Data centre infrastructure management, desktop as a service and VDI, server virtualization, storage virtualization, network virtualization, hyperconverged infrastructure, data protection, multi and hybrid cloud management and orchestration, DevOps (release management), AIOps, container management platforms/services, and the forecast for the infrastructure software market from Omdia all include revenue opportunity estimates for these 12 key segments (DCIM). The forecast ranges throughout four regions, eight subregions, 27 nations, and 16 vertical industries for the years 2021 to 26.

 

Important Growth Drivers
At the end of 2021, the software infrastructure market was estimated to be worth $143 billion. According to Omdia, the market would increase at a CAGR of 16% from 2021 to 2026, valuing it at $296 billion at the end of that year. The fusion of a few significant technologies, which is driving this expansion and influencing the direction of technology for the foreseeable future. The following are the major technological trends:

 

For certain latency-sensitive applications or workloads where data sovereignty and real-time responsiveness are essential characteristics, the march toward wider utilisation of edge computing and its interaction with cloud environments effectively extends the cloud to the edge.

The COVID-19 pandemic, which compelled businesses to examine operational processes and employ cloud for both resiliency and agility, helped promote the wider use of cloud computing, as 2021–2026 will see an increase in the use of cloud for core mission–critical tasks.

The transition from traditional to cloud native, containers, serverless, and microservices, as well as the need for platforms that can manage the diverse technologies required to enable agility across many settings.

extended application of AI and machine learning technologies, which are increasingly included into management tooling and provide easier operational management for a more complex technological environment.

the growing usage of software-defined technologies or abstraction to keep hardware infrastructure and business service delivery separate. the expanding environmental sustainability movement and the requirement for businesses to manage and evaluate their carbon emissions impact.

Related: Numerous New AI Hardware Releases by Nvidia for Data Centers

Due to the combined effects of this convergence, IT infrastructure software that can quickly and flexibly meet business demands is required. The on-premises data centre will continue to play a significant role in any IT environment for the foreseeable future despite the fact that the cloud provides this capability due to data sovereignty requirements, current technical debt, and a lack of cloud-related skills. The transition to edge computing and edge cloud is making the software environment even more challenging. In order for enterprises to select the most suitable architecture that is compatible with their business plan, the software infrastructure technologies must function across and between these many worlds (cloud, edge, and on-premises). By doing so, they effectively constitute the hybrid bridge. The obligation to satisfy more stringent environmental standards that governments will introduce as part of their worldwide agreed-upon targets to reduce greenhouse gas emissions adds to this complication.

 

Important Discoveries and Developments
According to Omdia, the container management platforms/solutions market would experience the fastest growth throughout the forecast period, expanding at a CAGR of 37%. Over the forecast period, a 27% CAGR is predicted for growth in DevOps release management, hybrid and multi-cloud management, and orchestration. The move to a cloud-based future, where service delivery will depend on infrastructure normally provided by a third party but service quality is still the CIO’s duty, is fundamentally dependent on these three markets. Three other market segments—AIOPs, storage virtualization, and network virtualization—will each see annual growth rates of over 21%, with CAGRs of 21.3%, 21.16%, and 21.05%, respectively, resulting in $2.8 billion, $13.8 billion, and $34.2 billion by the end of 2026. The database infrastructure and management solutions category currently holds the bulk of the market share in terms of value, but this proportion will drop from 50% in 2021 to 43% in 2026, when the market will be worth $127 billion.

 

According to Omdia, spending on infrastructure software in the Americas will increase from $71 billion in 2021 to more than $144 billion by the end of 2026. India is anticipated to have the highest CAGR throughout the projected period, at 24.36%, followed by China at 22.95%. (2021–26).

Himanshu Mahawar

Himanshu Mahawar is the Editor and Founder at Flaunt Weekly.

Share
Published by
Himanshu Mahawar

Recent Posts

Three Years Later, Universal Music Settles Trademark Lawsuit Filed Against Investment Platform Republic

Flaunt Weeekly Flaunt Weeekly More than three years later, Universal Music Group (UMG) and the…

2 hours ago

Haiti’s budding musicians hold concert amid ongoing gang violence

Flaunt Weeekly Around the world, it’s time for year-end school concerts and Haiti is no…

4 hours ago

Review: Ada Pasternak gets personal and deep in her ‘I Wish I Never’ music video

Flaunt Weeekly There was Pasternak. Photo Courtesy of Ada Pasternak.Singer-songwriter and multi-instrumentalist Ada Pasternak released…

4 hours ago

‘His death is a great loss’ – President Higgins pays touching tribute to Irish music star’s father after tragic passing

Flaunt Weeekly PRESIDENT Michael D Higgins has paid tribute to the father of a member…

10 hours ago

Hozier Plays the Pogues’ “Fairytale of New York” on Saturday Night Live: Watch

Flaunt Weeekly Hozier returned to Saturday Night Live for the NBC program’s final pre-Christmas episode…

11 hours ago

Our Favourite Queer Artists Made Billboard’s 2024 Top Pop Stars List

Flaunt Weeekly Chappell Roan, Charli xcx and Billie Eilish have all made Billboard’s 10 Greatest…

11 hours ago