Pune, India, March 08, 2022 (GLOBE NEWSWIRE) -- The worldwide Software Defined Data Center Market size stood at USD 32.73 billion in 2020. The market valuation is anticipated to rise from USD 39.38 billion in 2021 to USD 169.99 billion in 2028 at a CAGR of 23.2% during the projected duration. Increasing digitalization and adoption of cloud technology are major factors driving the market forward. Widespread adoption of work-from-home, remote learning, telemedicine, and other digital technologies will spur market demand, states Fortune Business Insights™ in its report titled “Software Defined Data Center Market, 2021-2028”.
Software defined data center (SDDC) technology is experiencing massive demand due to the rise in internet usage and continuous digitization. Expanding use of the cloud and the introduction of new technologies such as IoT and 5G are creating a favorable environment for market expansion. SDDCs are evolving and becoming more advanced to address the growing need to improve infrastructure durability and service uptime. The vast majority of enterprises are choosing the technology for the storage of critical corporate information.
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Companies Operating in Software Defined Data Center Market Report:
- VMware, Inc. (California, U.S.)
- IBM Corporation (New York, U.S.)
- Cisco Systems, Inc. (California, U.S.)
- Nutanix (California, U.S.)
- GreenPages, Inc. (Maine, U.S.)
- Dell Technologies (Texas, U.S.)
- Fujitsu (Tokyo, Japan)
- Hewlett Packard Enterprise Development LP (Texas, U.S.)
- Hitachi Vantara LLC (Tokyo, Japan)
- NetApp (California, U.S.)
Software Defined Data Center Market Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 23.2% |
| 2028 Value Projection | USD 169.99 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 32.73 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 160 |
| Segments covered | Component, By type, Deployment, Industry |
| Growth Drivers | Decreasing Hardware Costs to Promote SDDC Adoption Worldwide |
| Presence of Leading Cloud Players makes North America a Lucrative Market |
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COVID-19 Impact
Shift towards Remote Operations amid Pandemic to Unlock Lucrative Opportunities
The COVID-19 pandemic positively influenced software defined data center market growth between 2020 and 2021. With rising data volumes and widespread adoption of multi-cloud plans, SDDS is fast becoming a must-have among businesses. The rise in work-from-home practices amid the pandemic has caused a surge in cloud adoption, augmenting the market growth significantly.
The usage of VPN for videoconferencing and other work-from-home practices has led to a considerable rise in internet traffic. These factors are likely to create favorable opportunities for SDDC adoption.
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Market Segments
Based on component, the market is bifurcated into solution and services.
By type, the market is divided into software defined networking, software defined compute, software defined storage, and others.
On the basis of deployment, the market is segmented into private, public, and hybrid.
In terms of industry, the market is broken down into IT & telecom, healthcare, government, manufacturing, retail, BFSI, and others.
Geographically, the market is split into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Report Coverage
The report offers:
- Major growth drivers, restraints, opportunities, and potential challenges for the market.
- Comprehensive insights into the global as well as regional developments.
- List of key industry players.
- Major strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Decreasing Hardware Costs to Promote SDDC Adoption Worldwide
Hardware cost reduction is playing a prominent role in driving software defined data center market growth worldwide. SDDCs allow companies to acquire vendor-specific skills and handle physical machine upgrades without the need to purchase hardware. Technology adoption is also increasing to ensure better management and control of both hardware and software.
A white paper published by Computer World states that around 13% of servers purchased in the near future would be used to handle machine learning, AI, and predictive analytics.
While SDDC adoption is on the rise, the lack of acceptance of virtualization standards across the globe could hamper the market growth to some extent.
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Regional Insights
Presence of Leading Cloud Players makes North America a Lucrative Market
North America is slated to dominate software defined data center market share over 2021-2028. The regional trends are influenced by the presence of major players such as Cisco Systems, VMware, Inc., and Inc., IBM Corporation who are focusing on introducing new solutions.
The market in the Asia Pacific will be driven by the rapid growth in the IT & telecom sector. Rising industrialization and urbanization are augmenting the need for increased power, improved resources, and responsibility in IT management.
Meanwhile, the European market will expand on account of favorable data security and privacy regulations such as the General Data Protection Regulation (GDPR) that encourages enterprises to build advanced data center infrastructure.
Industry Development
February 2021: CBRE Data Center Solutions partnered with Virtual Power System to expand software defined power services to data center clients across the world.
Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Software Defined Data Center Key Players Market Share Insights and Analysis, 2020
- Global Software Defined Data Center Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Solution
- Services
- By Type (USD)
- Software Defined Compute
- Software Defined Networking
- Software Defined Storage
- Others (Software Defined Management, Security, etc.)
- By Deployment (USD)
- Public
- Private
- Hybrid
- By Industry (USD)
- IT & Telecom
- Government
- Healthcare
- Manufacturing
- BFSI
- Retail
- Others (Education, Automotive, etc.)
- By Region (USD)
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Software Defined Data Center Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Solution
- Services
- By Type (USD)
- Software Defined Compute
- Software Defined Networking
- Software Defined Storage
- Others (Software Defined Management, Security, etc.)
- By Deployment (USD)
- Public
- Private
- Hybrid
- By Industry (USD)
- IT & Telecom
- Government
- Healthcare
- Manufacturing
- BFSI
- Retail
- Others (Education, Automotive, etc.)
- By Country (USD)
- U.S. (By Type)
- Canada (By Type)
- Latin America Software Defined Data Center Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Solution
- Services
- By Type (USD)
- Software Defined Compute
- Software Defined Networking
- Software Defined Storage
- Others (Software Defined Management, Security, etc.)
- By Deployment (USD)
- Public
- Private
- Hybrid
- By Industry (USD)
- IT & Telecom
- Government
- Healthcare
- Manufacturing
- BFSI
- Retail
- Others (Education, Automotive, etc.)
- By Country (USD)
- Brazil (By Type)
- Mexico (By Type)
- Rest of Latin America
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