The software defined data center market is expected to reach at US$ 186.96 billion by 2028; registering at a CAGR of 22.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Significant Growth in Big Data and Its Cost-Effectiveness Across Sectors such as BFSI, IT & Telecom and Healthcare to Provide Growth Opportunities for Software Defined Data Center Market During 2022–2028
Data production rates have increased with the rising adoption of social media platforms, leading to the need for efficient and effective data centers. Over the years, the importance of data has increased to a level that all the key strategies of an organization are defined based on the information extracted from the critical data generated by that organization. Data centers play a critical role in managing data storage and resource allocation to optimize various operations of an organization further and therefore, propelling the growth of software defined data center market. Furthermore, the growing trend of data-driven products and services development has majorly influenced the demand for more efficient data storage and management facilities.
There is massive adoption of software-defined data center solutions across several business verticals to reduce operating and capital expenditure and contribute to overall IT performance. Moreover, software defined data center systems enable a combined interface control, which helps reduce data center costs and administration time. In addition, a significant reduction in operating expenditure is having a major impact on the end users overall financial performance, thereby boosting the software defined data center market growth.
Due to the growing number of local data center establishments and increasing adoption of big data and machine learning technologies, the COVID-19 pandemic positively impacted the software defined data center market growth. In the healthcare sector, doctors, researchers, and data scientists faced major challenges in analyzing each patient's records and providing a solution to curb the spread of SARS-CoV-2. Thus, there was an increased penetration in the adoption of big data and machine learning technologies during the pandemic, which helped extract data from diverse countries, track locations of confirmed cases and deaths, analyze the datasets, and classify patterns that helped in the detection of COVID-19 cases. Furthermore, there was a stagnant growth in demand for software defined data center solutions across North America (NA) and Europe holds more than half of the total software defined data center market. In addition, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM) are anticipated to boost software defined data center market growth due to various factors, such as an increase in new data from various industries and its requirement for effective storage.
Software Defined Data Center Market – by Region, 2022
Software Defined Data Center Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: by Component [Hardware, Software, Service (Training & Consulting, Integration & Deployment, Support & Maintenance, and Managed Services)], Type [Software-Defined Computing (SDC), Software-Defined Storage (SDS), Software-Defined Data Center Networking (SDDCN), and Automation & Orchestration], Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry Verticals (BFSI, IT & Telecom, Healthcare, Government & Defense, Education, Retail, Manufacturing, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
Software Defined Data Center Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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Based on enterprise size, the software defined data center market is bifurcated into large enterprises and small & medium-sized enterprises. The large enterprises segment dominated the software defined data center market in 2021. The demand for software defined data center solutions has increased tremendously among this particular segment, as it enables the growth of network resources and the addition of new servers and further helps minimize administrative burden in the existing business operations. However, the small & medium-sized enterprises segment is anticipated to grow significantly in the coming years. Businesses in this segment have begun adopting software defined data center solutions to enforce uniformity, introduce flexibility, automate processes, and reduce troubleshooting. In addition, there is a growing need to modernize business processes and increase efficiency by reducing the time required to troubleshoot a problem, thereby propelling the software defined data center market growth.
The key players operating in the software defined data center market include Hewlett Packard Enterprise Development LP; Microsoft; Dell Inc.; VMware, Inc.; Oracle; IBM Corporation; Nutanix; Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; and Fujitsu.
- In March 2022, Huawei Technologies Co., Ltd. revealed a new product, CloudFabric Easy Solution, during the Mobile World Congress (MWC 2022) event. This new product features automation of operations and maintenance of small and midsize data center networks to achieve fast cloud transformation.
- In May 2020, VMware, Inc. and Dell Inc. launched a Cloud Second Generation service that helps deliver secure and scalable infrastructure-as-a-service to customers’ on-premises data centers and combines the ease and agility of the public cloud with the protection and management of enterprise-grade on-premises infrastructure. Therefore, growing number of developments and product launched propelling the software defined data center market growth.
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