According
to the new market research "Software-Defined Data Center
Market by Component (Hardware, Software, and Service), Type
(Software-Defined Compute, Software-Defined Storage, and Software-Defined Data
Center Networking), Organization Size, Vertical, and Region - Global Forecast
to 2023", the global Software-Defined Data Center (SDDC)
market size is expected to grow from USD 33.5 billion in 2018 to USD 96.5
billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.6% during the
forecast period.
SDDC
enables policy-based infrastructure provisioning, wherein virtualized compute,
storage, and networking resources are logically pooled and managed as a
software. The ever-increasing operational cost overheads and complexities in
the traditional data center environment have facilitated the adoption of SDDC,
which is expected to aid companies in cutting down their operational and
capital expenditure.
Browse and in-depth TOC on "Software-Defined
Data Center Market"
63 - Tables
40 - Figures
128 - Pages
Services segment to
grow at the highest CAGR during the forecast period
The
market of SDDC solutions is growing, thereby driving the growth of the services
associated with them. SDDC services are crucial for an organization. Broad
expertise and deep knowledge of the service providers cater to specific
challenges of end users and help reduce risks and complexities. Additionally,
these services assist managers to meet their ultimate objective of improved
operability, and energy and resource utilization. The growing complexities of
installation and the deployment of SDDC are expected to increase the demand for
SDDC services.
Software-defined
data center networking segment to fuel the SDDC market during the forecast
period
Software-Defined
Data Center Networking (SDN) offers a cost-effective alternative with greater
control when compared to traditional networking. This, in turn, enables
centralized control to the network traffic without configuring the settings of
individual switches. SDN facilitates the provision of dynamic, cost-effective,
manageable, and adaptable solutions, making it an ideal solution for dynamic
applications utilizing high-bandwidth. SDN aids end users in managing the high
degree of change necessary on the network to support virtual workloads, reduce
the complexity of the network in the data center, and enable automation and
orchestration of network configurations.
North
America to dominate the SDDC market during the forecast period
The
global SDDC market by region covers 5 major regions: North America, Europe,
Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North
America is estimated to hold the largest market size in 2018, owing to the
presence of several vendors and huge investments in adopting SDDC solutions in
the region. The SDDC market in APAC is expected to grow at the highest CAGR
during the forecast period, due to the rapid developments of the required
infrastructure and increase in the need to adopt innovative technologies.
The
report also studies various growth strategies, such as mergers and
acquisitions, partnerships and collaborations, and developments, adopted by the
major players to expand their presence in the market. Major vendors in the SDDC
market include VMware (US), Microsoft (US), HPE (US), Nutanix (US), Dell EMC
(US), Huawei (China), Cisco (US), IBM (US), NEC (Japan), RedHat (US), Oracle
(US), SUSE (Germany), Fujitsu (Japan), Citrix (US), and Lenovo (Hong Kong).
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