Software Defined Infrastructure Market
Market Research Future (MRFR) confirms that the software defined infrastructure market 2020 can possibly touch USD 95 billion by 2023-end. The market is also estimated to advance at a rate of 22% over the forecast period (between 2017 and 2023), despite the COVID-19 impact. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
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Top Drivers and Key Restraints
Considering the long term ramifications of the COVID-19 outbreak, a large number of companies in the technology industry have had to deal with numerous challenges. Many had to close down their factories or restrict business traveling. Major events such as Google I/O, Facebook’s F8, the Mobile World Congress and the Geneva Motor Show had to be called off owing to the lockdown following the pandemic. Employees had to adopt the work from home practice to prevent the spread of SARS-CoV-2. But to overcome the issues induced by the novel coronavirus, companies are now more focused on return on investment/RoI, business continuity schemes and operational resiliency. This situation has led to a higher demand for a strong software defined infrastructure, as it helps smoother functioning with automation of the processes and the prevention of manual tasks along with facilitation of rule-based servers.
But the post-pandemic era has also seen a growth in the spending on cloud adoption as well as remote work enablement. This has resulted in heightened demand for content workflow and management applications, application platforms, collaborative applications, system and service management software, security software and more, which benefits the market. Also, the soaring demand for better organized IT infrastructure, higher use of data centers, growing consumption of cloud computing, and lower capital expenditures has been favorable for the software defined infrastructure market.
The rising deployment of artificial intelligence as well as hybrid cloud services and their growing integration with the current infrastructure can also induce considerable market growth. Several leading contenders are busy innovating and are steering the organizations’ focus towards software defined infrastructure.
For instance, in July 2020, Nutanix, a renowned enterprise cloud computing provider, teamed up with Birmingham City Council’s Information, Technology and Digital Service/IT&D to shift its operations to a hybrid cloud software infrastructure.
Market Segmentation
The global software defined infrastructure market has been segmented on the basis of solution, services, vertical, and region. Solutions have been segmented into software-defined storage (SDS), software-defined networking (SDN), software-defined computing (SDC), and others.
Services have been segmented into consulting services, managed services, integration, and deployment services.
Verticals, where SDI is adopted, include retail, telecom, manufacturing, healthcare, transportation, defense, government, and others.
Regions covered in MRFR’s report include Asia Pacific, North America, Europe, and the Rest of the World.
Regional Insight
The global software defined infrastructure market is studied for North America, Europe, Asia Pacific, and Rest of the World.
North America is at present the worldwide leader in the software defined infrastructure market, followed by Europe. The market attractiveness in the region has been the result of the widespread pool of leading contenders present in the United States along with the rising use of data centers. The market also stands to profit from the continuous innovations in virtualization and cloud technologies combined with the surging deployment of integrated approach and automation in business processes.
With the fastest growth rate, the APAC market is anticipated to soar significantly backed by the consistent economic growth in India, Taiwan and China. The escalating uptake of server virtualization platforms and the growing adoption of Software Defined Networking (SDN) and Network Function Virtualization (NFV) across Japan also enhance the market size here. With the growth in the 5G technology along with its applications in retail, healthcare, and others, the regional market will receive a further boost in the following years.
Top Market Firms
The top market firms identified in the report are IBM Corporation (U.S.), Fujitsu, Ltd.(Japan), Dell Inc. (U.S.), VMware Inc. (U.S.), Hewlett Packard Enterprise Co. (U.S.), Oracle Corporation (U.S.), NEC Corporation (Japan), Citrix Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Hitachi, Ltd.(Japan), Cisco Systems, Inc. (U.S.), and more.
Some of the prominent innovators that are actively seeking a better position in the SDI market include Pica8, Inc.(U.S.), Wipro Limited (India), Plexxi (U.S.), Nexenta Systems, Inc. (U.S.), Arista Networks (U.S.), Brocade Communications Systems, Inc. (U.S.), Intel Corporation (U.S.), Amazon Web Services (U.S.), PLUMgrid Inc (U.S.), Nokia (Finland), Red Hat, Inc. (U.S.), Radware Corporation (Israel), Savvis (U.S.), Juniper Networks (U.S.), to name a few.
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