The Future of Operations becomes reality when companies build on their current infrastructure and digital capabilities to develop resilient decision-making — having the ability to use all available data and information to rapidly and effectively make decisions.
The reality today is that organizations are distributing application environments across on-premises data centers, public cloud or multiple public clouds, and edge locations. Organizations need solutions for their on-premises locations that deliver cloud-like agility, scale, and operational efficiency.
The software-defined storage market is projected to expand at a CAGR of ~25% from 2019 to 2027 in terms of revenue. Huge expansion of data in recent years is expected to fuel the growth of the IT software-defined storage market during the forecast period.
Top workloads to be repatriated to on-premises infrastructure include Security, App Dev & Testing, and System Management, with primary drivers for repatriation cited being resource consolidation, data security concerns, and better TCO.
The Asia-Pacific (APAC) server market will grow at a CAGR of 6.1% between 2018 and 2023, and account for nearly one-third of the global market. APAC is set to be the largest region with $33.8bn server revenue, out of the $101.6bn total market.
Global demand for enterprise data center server and storage infrastructure tends to fluctuate. According to the latest market study IDC, worldwide converged systems market revenue increased 3.5 percent year-over-year to $3.75 billion during the third quarter of 2019 (3Q19).