The Software-Defined Anything (SDx) Market revenues were estimated at US$ 61.4 Bn in 2021 and is anticipated to grow at a CAGR of 17.5% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 380.5 Bn.
Software-defined networking platforms help network owners by providing more control over traffic flow to automate many functions associated with network management. Consequently, communication systems, which include countless Communication Service Providers (CSPs), are investing heavily in software-defined networking technologies to improve network management.
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Key Takeaways from the Market Study
● Global Software-Defined Anything (SDx) Market is estimated to reach a market size of US$ 76.1 Bn by 2022.
● In terms of Type, the Software-Defined Networking (SDN) market is expected to grow at a CAGR of 18.2% during the forecast period.
● In terms of End User, the Service Provider segment is expected to account for a CAGR of 18.2% during the forecast period.
● United States to remain the most dominant market with an absolute dollar growth opportunity of US$ 108.2 Bn during 2022 – 2032.
● The market in U.S is set to experience the highest CAGR of 17.1% during the forecast period.
Competitive Landscape
Due to the significant growth in demand of software-defined services from clients and other consumers in the industry, manufacturers in this market are constantly investing in the research and development of SDx technology. Since there is intense rivalry in this sector, several manufacturers are increasingly concentrating on purchasing small businesses to expand their product range and virtualization solutions.
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Some of the key development in the market include:
· In September 2021, Hewlett Packard (HP) Enterprise announced the completion of its takeover of Zerto, a provider of cloud data protection and management, for a net cash purchase cost of US$ 374 Mn. This purchase instantly aligns the HPE GreenLake edge-to-cloud system with a solution in the high-growth data security industry and is expected to drive HPE’s storage company into a software-defined, cloud-native information services business.
· In March 2021, Cisco announced the completion of its takeover of Acacia Communications, which designs, produces, and distributes high optical connectivity solutions for datacenter, regional, metro, long-haul, and submarine networks.
· Cisco’s ‘Internet for the Future’ approach emphasises software, optics, and silicon, as crucial building blocks for bringing disruptive breakthroughs across different disciplines. As web traffic and bandwidth continue to rise, optics will play an increasingly important role in pushing architectural changes. Cisco’s purchase of Acacia reaffirms their engagement to optics as one of the fundamental building pieces that will strengthen Cisco’s ‘Internet for the Future’ vision by providing world-class coherent optical solutions to their customers.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Software-Defined Anything (SDx) Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Software-Defined Anything (SDx) Market by Type (Software-Defined Networking, Software-Defined Wide Area Network, Software-Defined Data Center, Software-Defined Storage, Software-Defined Data Center Networking), End-User (Service Provider, Enterprises), Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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