The size of the global software-defined data center market was USD 32.73 billion in 2020, and it is anticipated to increase by USD 39.38 billion in 2021 and USD 169.99 billion in 2028, for a compound annual growth rate (CAGR) of 23.2%. According to our analysis, the global market grew by a higher rate of 19.6% in 2020 than it did on average between 2017 and 2019. The pandemic's effects on demand for SDDC products and solutions have been positive across all regions, according to the global impact of COVID-19. When the pandemic is over, this market's demand and growth will resume to pre-pandemic levels, which will explain the increase in CAGR.
The market is being driven by digitization and rising internet usage. Additionally, the market for software-defined data centers (SDDCs) has expanded in recent years due to an increase in multi-cloud strategies among businesses and the adoption of both new and old technologies, like 5G and the Internet of Things (IoT), across a variety of industrial verticals. The demand for SDDCs is increasing along with their sophistication due to the need to increase infrastructure durability and service uptime. Additionally, businesses are increasingly choosing SDDCs to store their vital corporate data, which supports the expansion of the software-defined data center market.
Get A Free Sample Report at:
https://www.fortunebusinessinsights.com/enquiry/sample/software-defined-data-center-market-106399
Information about the report:
ATTRIBUTE
DETAILS
Study Period
2017-2028
Year of Base
2020
Predicted Year
2021
Forecasting Period
2021-2028
Historical Timeframe
2017-2019
Rate of Growth
23.2% CAGR between 2023 and 2028
Unit
Value (USD Billion)
Segmentation
By Industry, Application, and Geography
Analyses of the worldwide Software Defined Data Center Market are conducted across regions, end-user industries, and material types. The study includes a thorough examination of segments and their sub-segments with the aid of tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
Trending Now
SDDCs are the next development in the evolution of conventional data centers given the remarkable advancements being made in the IT technology industry almost daily. It combines the advantages of on-site storage with the most potent and alluring aspects of cloud computing. Business owners and service providers are investing in the hybrid cloud and SDDC to stay one step ahead of the competition.
By Component Analysis,
The market is split into solutions and services based on the component.
The forecast period is expected to see the fastest growth in the service. The growth of managed services is a result of organizations' growing desire to manage workloads optimally with greater agility, efficiency, and security while avoiding the challenges of implementation, integration, support, and maintenance.
The Deployment Analysis indicates that
The public, private, and hybrid segments of the market are separated based on deployment.
Due to new technologies like server virtualization and edge computing gaining traction and leading to increased public cloud investment, the public deployment mode currently holds the majority of the market share. Since a large number of data centers and managed service providers (MSPs) have switched to an SDDC service model, which uses virtualization technologies to isolate processing hardware in software form to lessen infrastructure constraints.
By Region, Geographically, The market is studied across North America, South America, Europe, the Middle East & Africa, and Asia Pacific.
Players in the industry,
Numerous companies, such as VMware, Inc., Nutanix, IBM Corporation, and Cisco Systems, Inc., are fierce competitors in the market. To accelerate their global expansion and provide cutting-edge solutions and services, these businesses are putting various corporate strategies into practice.
You can get this Report here:
https://www.fortunebusinessinsights.com/software-defined-data-center-market-106399
Browse More Reports:
Threat Intelligence Market Size, Share, Growth & Trends [2030]
3D Radar Systems Market Size, Industry Share | Forecast 2030
3D Sensors Market Size, Industry Share | Forecast 2030
Advanced Process Control (APC) Market Size, Share | Forecast 2030
Digital Content Creation Market Size, Industry Share | Forecast 2030
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact:
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245