Software-Defined Data Center Market is projected to increase at a CAGR of around 17.3% during 2022 to 2032

The Software-Defined Data Center Market revenues were estimated at USD 39.4 Bn in 2021 and is anticipated to grow at a CAGR of 17.3% during 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 USD 228.6 Bn.

Some of the key Software-Defined Data Center market drivers are an increase in the number of created data, an increase in the requirement for efficient network management, and a considerable decrease in Capex and Opex. However, rising worries about data privacy and security, inefficient resource allocation, and a shortage of qualified labour are some of the reasons that may stymie industry expansion. Furthermore, the market benefits from an increase in demand of hybrid clouds as well as an increase in use of the Internet of Things.

As technology evolves and more companies adopt cloud technologies and digitalization, SDI assists firms in focusing on its digital transformation operations to achieve business outcomes. SDX also aids in abstracting away from improvement, development, and business teams to accomplish substantial results. Some of the most potential advantages for any firm are agility and scalability.

Moreover, SDx provides a virtualization gateway, which is emerging as an important application infrastructure component for software applications in digital business. SDX also strives to offer new and enhanced goods and services at the speed of the client, not the speed at which the infrastructure team traditionally functions, hence boosting market growth.

Key Takeaways from the Market Study

● Global Software-Defined Data Center Market is expected to reach a market size of US$ 46.2 Bn by 2022.

● In terms of Component, the Hardware segment is expected to have the highest CAGR rate of 19.5% during the forecast period.

● In terms of Type, the Software-Defined Computing segment is expected to have the highest CAGR rate of 18.7% during the forecast period.

● United States to remain the most dominant market with absolute dollar growth opportunity of US$ 59.5 Bn during 2022 – 2032.

● The market in U.S is set to experience the highest CAGR of 16.7% during the 2022-2032 forecast period.

Competitive Landscape

The Software-Defined Data Center Market is highly concentrated, with a fewer competitors accounting for the vast majority of market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects.

Some of the recent developments in Software-Defined Data Center market include:

· In June 2021, NTT Limited revised its worldwide data Center interconnect network services, which are based on advanced SDN technology and are designed to optimize hybrid cloud settings. A globalized network fabric solution that allows for private and secure connectivity between NTT’s data Centers across the world and important cloud service providers.

· In May 2020, Huawei introduced the CloudFabric 2.0 Data Center cloud Network Solution, which includes new high-capacity CloudEngine data center switches, an improved AI-based iLossless methodology for dynamic congestion control, and autonomous driving features.

· In May 2020, VMware introduced Cloud Second Generation, a cloud service that combines the ease and agility of the public cloud with the protection and management of enterprise-grade on-premises infrastructure, was launched.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Software-Defined Data Center Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Software-Defined Data Center Market by Component (Hardware, Software, Services), Type (Software-Defined Computing, Software-Defined Storage, Software-Defined Data Center Networking, Automation and Orchestration), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Vertical (BFSI, IT and Telecom, Government and Defence, Healthcare, Education, Retail, Manufacturing, Others) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).