Software-Defined Data Center Market Globally Expected to Drive Growth through 2023

(I-SoftwareNews.Com, October 29, 2019 ) According to the new market research report "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", published by MarketsandMarkets, 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.

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Services segment to grow at the highest CAGR during the forecast period

The market of Software-Defined Data Center Market 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. Software-Defined Data Center Market 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.

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North America to dominate the SDDC market during the forecast period

The global Software-Defined Data Center 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 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 Software-Defined Data Center 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).

The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as VMware, HPE, and Microsoft have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the SDDC market.

VMware is one of the leading providers of SDDC services. The company was the first to provide SDDC solutions, wherein data center infrastructure was virtualized and provided as a service. The company has developed a broad set of infrastructure service capabilities across compute, storage, and networking. VMware has devised its growth in the global SDDC market using organic and inorganic growth strategies. The company offers products and solutions across various categories, including SDDC through computing, storage and availability, network and security, and management and automation; hybrid cloud computing; End-User Computing (EUC); content collaboration; Enterprise Mobility Management (EMM); and application and desktop virtualization. In April 2018, VMware announced the releases of its 2 main SDDC products, namely, VMware vSphere and VMware vSAN. The new releases would enable enterprises to securely run their business-critical and modern applications in data centers, at the edge, in the public cloud, or hybrid cloud environments.

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Software-Defined Data Center Market Globally Expected to Drive Growth through 2023