Software Defined Data Center Market Share To Increase Valuation With Surging Investments By 2023

Software Defined Data Center Market ReportSoftware defined data center (SDDC) is a result of the relentless technological transformation in data center.

Market Research Future (MRFR) in its latest report projects the global software defined data center (SDDC) market will demonstrate 16% CAGR during the review period.Increased used of automated software for management, monitoring, provisioning and deployment of data centers resources is reflecting favourably on the global SDDC market.

Some of the advantages of SDDC include enhanced agility, efficiencies, flexibility and control.The exponential growth of big-data and rising need for cost-effective solution is partly driving the adoption of SDDC in sectors such as telecom & IT, BFSI, healthcare, retail among others.

As companies increased their focus on streamlining and automation of data center operation, the limelight shift towards SDDC.Companies are also adopting SDDC to reduce the tenacious task of manually managing mega-scale data centers, which is subject to inflexibility, inefficiency, high expenditure on hardware supporting niche or legacy applications.

At its core is software-defined data center (SDDC) where deployment, provisioning, monitoring, and data center resource management take shape with the assistance of automated software.

Market Research Future (MRFR) reveals in a well-articulated study that the global market is all set to experience a staggering 16% CAGR during the forecast period (2017-2023).Drivers and Restraints:Be it BFSI, retail, telecom & IT, or healthcare, SDDC has penetrated one and all by proving itself efficient in handling the massive bulk of data and reducing the cost considerably.

Software Defined Data Center Market A new market study, titled “Software Defined Data Center Market ” has been featured on Market Research Future.The trend to adopt digitalization as the future has also ushered in the virtualization of infrastructure which can expand the global market by leaps and bounds.

At its core is software-defined data center (SDDC) where deployment, provisioning, monitoring, and data center resource management take shape with the assistance of automated software.

Drivers and Restraints:Be it BFSI, retail, telecom & IT, or healthcare, SDDC has penetrated one and all by proving itself efficient in handling the massive bulk of data and reducing the cost considerably.

In only a few years, since its inception, cloud technology has taken a quantum leap forward, and its dynamic evolution can be attributed to software-defined data center market.

The sector is also gaining traction from emerging economies as its effective connectivity made it a market rage.

But this cannot bog down the market for long as various holistic security measures are being implemented by end-user industries to provide clients a sound service.Industry News:The advancing market has enough potential to experience continual development in technology.

Software-defined satellites are expected to emerge as a potential driver to uptake orders of commercial satellites in geostationary orbit (GEO).

There has been a decline in commercial GEO satellites from past three years, and the decline is anticipated to prolong during the coming years.

These satellites are expected to change the market landscape of commercial GEO satellites over the coming years.Read Report Overview: https://bisresearch.com/industry-report/software-defined-satellite-market.htmlThe software-defined satellite market is the highly emerging market with leading players contending against each other to attain higher market share in the space industry.

The competitive landscape of the software-defined satellite market exhibits an inclination toward companies adopting both organic and inorganic strategies such as business expansions, partnerships/agreements/collaborations, product launches, and acquisitions to gain a greater share of the industry.

Innovative product launches, precise and secure subsystems, pricing strategies, and formation of partnerships among the major market players of the space industry are some of the key initiatives undertaken by the companies, thus boosting the growth of the market.

Some of the key players in the space industry are Airbus S.A.S., AdaSpace, Nvidia, SSL, Lockheed Martin Corporation, Northrop Grumman Corporation, GalacticSky, IBM, AIKO, Planet SES, SSTL, Thales Group, and The Boeing Company.

The global Software Defined Data Center Market is expected to reach USD 259.10 billion by 2024, driven by its ability to optimize operations through data center management and virtualization capabilities.

Besides, it also offers cost saving advantages, though it involves considerable initial investment.SDDC delivers a common virtualization infrastructure for computing, storage, and networking in a software tool.

Additional benefits provided by SDDC including data security, control over application accessibility, reduction in energy consumption and an increase in efficiency.In 2016, North America dominated the market accounting for 47.6% of the share in 2016, as a relatively large number of businesses in various verticals had deployed SDDC.

The migration towards SDDC is prevalent in medium to large scale businesses as they strive to reduce their operational expenditure.Over the forecast period, Asia Pacific region is expected to consolidate its position in the SDDC market growing at a CAGR of 36.7%, driven on the basis of prevailing adoption by businesses in the region.

Much of growth in the Asia Pacific region is expected to rise from countries such as India and China, where the focus is on optimizing processes.Browse Details of Report @ https://www.hexaresearch.com/research-report/software-defined-data-center-sddc-marketOver the past few years, the market has also witnessed growing adoption of SDDC by small and medium scale businesses, besides large businesses which have been the key early adopters of SDDC.

In terms of deployment among the various industries, BFSI & government segment commanded the major share in 2016.

The Software Defined Data Center Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario.

The Software Defined Data Center industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry.

The report starts with the executive summary, followed by a value chain and marketing channels study.

The report then estimates the CAGR and market revenue of the global and regional segments.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.

These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.

The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Software Defined Data Center Market @ https://www.decisiondatabases.com/contact/download-sample-6472A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Software Defined Data Center market.

According to market research report "Software-Defined Data Center Market by Component (Hardware, Software, and Services), Type (Software-Defined Compute, Software-Defined Storage, and Software-Defined Data Center Networking), Organization Size, Vertical, and Region - Global Forecast to 2025", size is projected to grow from USD 43.7 billion in 2020 to USD 120.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period.

The demand for SDDC is driven by the growing need for enhancing infrastructure resiliency and service uptime, cost benefits associated with network automation and reduced energy usage, and reduced dependency on legacy hardware and hardware vendors.Browse and in-depth TOC on “Software-Defined Data Center Market” 320- Tables47 - Figures262 - Pages Download PDF@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1025The hardware segment to hold a larger market size during the forecast periodThe hardware segment is projected to contribute majorly to the market among the components, while the services segment is projected to witness a higher growth rate during the forecast period.

This growth these segments are supported by the rising installations of new SDDCs that require  underlying servers for enabling proper facility functionality along with growing need for upgrades and maintenance of existing solutionsManaged services segment to hold a larger market size in 2020The managed services segment is expected to majorly contribute to the market, while the support and maintenance segment is projected to witness a higher growth rate during the forecast period.

This growth of managed services is supported by the growing focus of organizations to achieve optimized workload management with greater agility, speed, and security without having the need to worry about hassles associated with training, integration and deployment, and support and maintenance.Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1025North America to hold the largest market size during the forecast periodThe North American SDDC market is already mature for SDDC systems, and a significant number of new installations of SDDC and upgrade of the existing data center infrastructure systems have taken place to date.

Currently, the US holds the highest share in the SDDC market as it is home to large telecom giants, well-established suppliers, as well as end-user industries that continuously adapt to newer technologies for improved business productivity and work efficiency.

North America, in the coming years, is estimated to continue to lead the SDDC market.Market PlayersMarket players profiled in this report include VMware (US), Microsoft (US), HPE (US), Dell Technologies (US), Oracle (US), IBM (US), Nutanix (US), Cisco (US), Huawei (China), Fujitsu (Japan), Juniper Networks (US), Commvault (US), Arista Networks (US), DataCore Software (US), Scality (US), SUSE (Germany), NetApp (US), Citrix (US), Nuage Networks [Nokia] (Finland), Lenovo (China), Stratoscale (US), Lumina Networks (US), HiveIO (US), TidalScale (US), DriveNets (US), Portworx (US), Lightbits (US), Arrcus (US), Vexata (US), Hammerspace (US), and Cohesity (US).