Hyper Convergence market expected to grow 50% annually through to 2020

Hyper Convergence market is expected to grow 50% on an annual note through to 2020. This was predicted by a research conducted on Hyper Convergence infrastructure space by Technology Business Research (TBR).

According to TBR report, the hyper convergence market is presently growing at only 7 percent of the converged infrastructure space. By the year 2020, the growth will touch 50 percent compound annual growth valuing approximately $1.6 billion.

As the legacy data storage technologies will get displaced in future, TBR predicts that the competition among hyper convergence vendors such as StoneFly, Inc., Nutanix, Simplivity, Pivot3 and Gridstor will become increasingly more complex.

The competition will ensure a contrast among the companies based on the factors such as cost, scalability and flexibility.

Also the industry will also witness a certain amount of consolidation as old players will try to acquire new players to cut down competition and gain more market share.

So, eventually the future of data storage will be Hyper Convergence says TBR survey.

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