The global software-defined data center market has been witnessing a considerable rise in its market value, asserts a Report Ocean study. The report titled, “Global Software-Defined Data Center Market Size study, by Type (Software-Defined Computing (SDC), Software-Defined Storage (SDS), Software-Defined Data Center Networking (SDDCN) and Automation and Orchestration), by Component (Hardware, Software and Services), by Organization Size (Large Enterprises and Small and Medium-sized Enterprises (SMEs)), by Vertical (BFSI, IT and Telecom, Government and Defense, Healthcare, Education, Retail, Manufacturing and Others) and Regional Forecasts 2020-2027,” offers an analysis of this market based on its past performance and future prospects.
The global software-defined data center market was valued approximately at US$35.7 bn in 2019. The market is anticipated to rise at an impressive CAGR of more than 22.4% over the forecast period of 2020-2027. The awareness regarding the benefits, such as fully virtualized infrastructure, ease of deployment, delivery, monitoring, and management of data center resources, modern application support, reduced capital and operational expenditure of data centers, and improved efficiency, agility, control, and flexibility, offered by software-defined data centers are driving this market substantially. The need to enhance infrastructure resiliency and service uptime among organizations are expected to propel this market over the next few years. Furthermore, the continuous rolling out of new services by key market players is also projected to drive the market’s growth in the near future. However, the lack of universally accepted virtualization standards and the absence of efficient resource provisioning may restrict the market’s growth trajectory over the next few years.
The research report also presents a regional assessment of the global software-defined data center market. It has considered Asia Pacific, North America, Europe, Latin America, and the Rest of the World as the key regional software-defined data center markets. The most prominent regional market, among these, has been North America. With the presence of telecom giants, well-established suppliers, and end-use industries, continuously adapting to newer technologies for the enhancement of business productivity and work efficacy, this regional market is likely to remain leading over the next few years. Asia Pacific will also register a significant growth rate in the near future, states an analyst at Report Ocean.
Impact of Covid 19 on Global Software-Defined Data Center Market
With the entire world fighting with the Coronavirus pandemic, the global software-defined data center market has also been hit to some extent. The economic downfall has affected the frequency of new product launches in this market. However, key companies are quite hopeful that, with situation getting under-control, they would be able to bounce back with same power.
- With the presence of telecom giants, well-established suppliers, and end-use industries, North America will continue leading.
- Asia Pacific software-defined data center market will also register a significant growth rate in the near future.
The global software-defined data center market is categorized into:
- Software-Defined Computing (SDC)
- Software-Defined Storage (SDS)
- Software-Defined Data Center Networking (SDDCN)
- Automation and Orchestration
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- IT and Telecom
- Government and Defense
- North America
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- VMware Inc.
- Microsoft Corp.
- Hewlett Packard Enterprise Company
- Dell Technologies
- Oracle Corporation
- International Business Machines Corporation (IBM)
- Nutanix Inc
- Cisco Systems Inc.
- Huawei Technologies Co. Ltd.
- Fujitsu Limited
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