PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1527784
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1527784
The Software-Defined Anything Market was estimated to be USD 44.5 billion in 2024 and is anticipated to reach USD 130.9 billion by 2029, with a CAGR of 24.1%. This market growth of the Software-Defined Anything market is majorly due to some prominent factors such as increased demand of cloud services, growing needs of efficient data management, and the rising trend of network virtualization. These factors have not only fueled the wider adoption of the SDx solutions but also have enabled more efficient resource utilization and simplified management of the IT infrastructures. Additionally, this growth is also driven by factors such as growing adoption of IoT devices, the push for digital transformation, as well as the rising cybersecurity concerns. Various SDx solutions such as SDN, SD-WAN, SDDC, further foster the growth of the SDx market by addressing the key needs such as efficiency, security, and flexibility required in the IT infrastructures. These factors have caused a surge in the demand of SDx solutions and have created a significant momentum for the growth of the SDx solutions and services.
Scope of the Report | |
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Years Considered for the Study | 2018-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | USD (Billion) |
Segments | Offerings, End-Users, Applications and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
"The healthcare & life sciences segment is expected to register the fastest growth rate during the forecast period." With the continuous technological advancements, the healthcare & life sciences segment is witnessing a surge in adoption of various healthcare applications in order to enhance patient care and streamline operations across the industry. Some of these prominent use cases include electronic health records (EHRs), telemedicine, and health information exchanges among others. Moreover, the rising amount of data storage needs, enhanced security needs and regulatory compliances such as HIPAA are driving the growth of the SDx solutions. With the onset of the advanced data analytics and AI, the demand for improved patient care has also risen which is bound to add up to the rise of the SDx solutions. Other than the medical facilities, the SDx solutions like SDS and SDC are also being incorporated for various personalized medicine and genomics research, as these fields need robust computational and storage capabilities. It can be touted that as the healthcare industry continues to pursue digital transformation, its reliance on the SDx solutions will accelerate its growth in the near future.
"The network management segment will hold the largest market size during the forecast period." Amongst the applications, the network management is one of the prime applications of the SDx solutions. As the complexity of the modern IT infrastructure continues to increase, need for advanced management capabilities will rise linearly with it. Owing to these complexities the organizations globally are demanding for the advanced network management capabilities aa they try to expand their remote work facilities. The network management solutions not only does provide automated network capabilities but also does offer other features such as real time monitoring, automated configurations, and other seamless network requirements. The network management solution is being widely incorporated across various industry verticals such as healthcare, BFSI, telecom, IT & ITeS. Companies are therefore, incorporating various SDx solutions such as SDN, SD-WAN, and SDDC as per their needs. This growing adoption and continuous need of centralized management will boost the market growth.
"Asia Pacific's highest growth rate during the forecast period."
The Asia Pacific region is witnessing an increasing adoption of digital technologies by the developing economies in the region. Countries in the region are undergoing through several digital transformation initiatives as the businesses and service providers are constantly seeking the scalable and flexible solutions in order support their growth strategies. The region is also undergoing through rapid urbanization and has high internet penetration, along with the rapidly growing investments in the telecom and cloud computing sectors. These factors contribute to the growth of the Asia-Pacific region over the forecasted period. Moreover, the countries in the regions are backed by strong government initiatives and rapid infrastructure development that also majorly contribute to the overall growth of the region.
Breakdown of primaries
The major players in the Software-Defined Anything (SDx) market Cisco Systems (US), IBM (US), Broadcom (US), Hewlett Packard Enterprise (US), Juniper Networks (US), TIBCO Software (US), Arista Networks (US), Nutanix, Inc. (US), Huawei (China), Nokia Corporation (Finland), Extreme Networks, Inc. (US), Riverbed Technology (US), Ericsson (Sweden), Oracle (US), Fortinet (US), Palo Alto Networks (US), Pica8 (US), Versa Networks (US), Aryaka Networks Inc., (US), StarWind Software Inc. (US), flexiWAN (Israel), StorMagic (UK), Scale Computing (US), Peplink (US), Lavelle Networks (India), and Bigleaf Networks (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their Software-Defined Anything (SDx) market footprint.
Research Coverage
The market study covers the Software-Defined Anything (SDx) market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offerings, end-users, applications, and regions. The offerings are sub-segmented into solutions and services based on offerings. The services segment covers professional and managed services. The professional service segment has been further segmented into consulting, deployment & integration, and support & maintenance. Based on solutions, the market is divided into Software-Defined Networking (SDN), Software-Defined Wide Area Network (SD-WAN), Software-Defined Data Center (SDDC), Software-Defined Data Center Network (SD-DCN), Other Solutions (Software-Defined Security (SDSec) and Software-Defined Access (SD-Access)). The end-users studied under the Software-Defined Anything (SDx) market include service providers and enterprises, where enterprises are further segmented into IT & ITeS, manufacturing, healthcare & life sciences, BFSI, retail & ecommerce, government, transportation & logistics, , telecom, others (media & entertainment, energy & utilities, and education). The application segment is categorized into network management, virtualized network functions, dynamic resource allocation, unified communication, and other applications (multi-cloud management and disaster recovery). The regional analysis of the Software-Defined Anything (SDx) market covers North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global Software-Defined Anything (SDx) market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
1. Analysis of key drivers (rising usage for data center optimization, rising adoption of cloud services, and reduced cost and improved operational efficiency), restraints (high initial investments and integration complexities), opportunities (development of hybrid and multi-cloud environments, growth in edge computing), and challenges (regulatory and compliance issues, adapting to rapid technological changes) influencing the growth of the SDx market.
2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Software-Defined Anything (SDx) market.
3. Market Development: Comprehensive information about lucrative markets - the report analyses the Software-Defined Anything (SDx) market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Software-Defined Anything (SDx) market.
5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players Cisco Systems (US), IBM (US), Broadcom (US), Hewlett Packard Enterprise (US), Juniper Networks (US), TIBCO Software (US), Arista Networks (US), Nutanix, Inc. (US), Huawei (China), Nokia Corporation (Finland), Extreme Networks, Inc. (US), Riverbed Technology (US), Ericsson (Sweden), Oracle (US), Fortinet (US), Palo Alto Networks (US), Pica8 (US), Versa Networks (US), Aryaka Networks Inc., (US), StarWind Software Inc. (US), flexiWAN (Israel), StorMagic (UK), Scale Computing (US), Peplink (US), Lavelle Networks (India), and Bigleaf Networks (US).