PUBLISHER: The Business Research Company | PRODUCT CODE: 1392914
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392914
“Software Defined Data Center Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on software defined data center market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for software defined data center? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The software defined data center market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A Software-Defined Data Center (SDDC) denotes a facility for data storage in which networking, storage, CPU, and security are all virtualized and provided as services. SDDCs closely resemble traditional data centers but exhibit notable distinctions, particularly in their utilization of abstraction, virtualization, automation, and resource pooling.
The primary types of the software-defined data center encompass software-defined computing (SDC), software-defined storage (SDS), software-defined data center networking (SDDCN), and automation and orchestration. Software-defined computing involves an integrated abstraction layer that represents the computing environment as a combination of physical and virtual resources, dynamically assembled into services by users. Components of the software-defined data center include hardware, software, and services. SDDCs find application across small, medium, and large-scale enterprises in various industries such as banking, financial services, and insurance (BFSI), information technology (IT) and telecom, government and defense, healthcare, education, retail, manufacturing, and others.
The software defined data center market research report is one of a series of new reports from The Business Research Company that provides software defined data center market statistics, including software defined data center industry global market size, regional shares, competitors with a software defined data center market share, detailed software defined data center market segments, market trends and opportunities, and any further data you may need to thrive in the software defined data center industry. This software defined data center market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The software defined data center market size has grown exponentially in recent years. It will grow from $63. 66 billion in 2023 to $77. 42 billion in 2024 at a compound annual growth rate (CAGR) of 21. 6%. The growth observed in the historical period can be credited to industry standards and vendor offerings, scalability and elasticity, the demand for streamlined operations, a software-centric approach, and the pursuit of cost efficiency and resource optimization.
The software defined data center market size is expected to see exponential growth in the next few years. It will grow to $178. 31 billion in 2028 at a compound annual growth rate (CAGR) of 23. 2%. The anticipated growth in the forecast period can be ascribed to vendor innovation and offerings, the expansion of edge computing and IoT, the increasing demand for automation and orchestration, the adoption of cloud technologies and hybrid IT environments, and a sustained focus on digital transformation. Prominent trends in the forecast period encompass open source and standardization, initiatives for sustainability and green IT, the modernization and efficiency enhancement of data centers, the development of composable infrastructure, the adoption of zero trust security models, and advancements in software-defined networking (SDN).
The anticipated significant driver for the growth of the software-defined data center market is the increasing adoption of digitalization. This adoption is driven by various factors such as the need for heightened productivity, cost reduction in operations, facilitation of quicker decision-making, enhanced efficiency, technological advancements, and a push towards digitalization from stakeholders. The surge in digitalization adoption is expected to result in a substantial generation of data, necessitating the utilization of software-defined data centers. Consequently, the demand for data center services for the establishment, management, and operation of data centers is set to experience a substantial increase. A survey conducted by Fujitsu in August 2021 revealed that, during the pandemic, 82% of respondents from offline organizations accelerated their digital transformation efforts, highlighting the shift towards digitalization as the default mode of living and working.
The growth of the software-defined data center market is also expected to be propelled by the increasing volume of both structured and unstructured data. The integration of structured and unstructured data within Software-Defined Data Centers (SDDCs) creates a dynamic and adaptable environment, fostering efficient management, enhanced analytics, and holistic insights. Projections from G2 indicate a significant increase in data production, reaching nearly three times the amount in 2023 compared to 2019. The proliferation of Internet of Things (IoT) devices is expected to contribute significantly to this growth, with over 55. 7 billion connected devices projected by 2025. The increasing reliance on unstructured data, accounting for over 80% of businesses' data, is further fueling the demand for software-defined data centers.
A major trend in the software-defined data center market is the growing adoption by hyper-scale cloud, emphasizing massive scale in computing for big data or cloud computing. Hyper-scale infrastructure, designed for horizontal scalability, offers high-performance levels, throughput, and redundancy for fault tolerance and high availability. In June 2021, GIC Private Ltd and Equinix agreed to invest $3. 9 billion in building hyper-scale data centers, reflecting the strategic importance of hyper-scale cloud solutions.
Leading companies in the software-defined data center market are increasingly focusing on introducing data center suites as part of their strategy to gain a competitive edge. Data center suites, often referred to as modules, are self-contained and highly scalable units with essential components for supporting data center operations. For example, Honeywell International Inc launched the Data Center Suite in September 2022, offering outcome-based software solutions. This suite empowers data center managers to enhance operational cost management, worker productivity, asset health monitoring, and uptime visibility while obtaining comprehensive analytics to drive productivity and cost-cutting efforts.
In May 2022, Broadcom Inc. acquired VMware, Inc for $61 billion, marking a strategic move to offer enterprise customers a broader range of essential infrastructure solutions. This acquisition aims to accelerate innovation and address complex IT infrastructure requirements, providing flexibility to build, run, manage, connect, and protect applications across diverse environments, from data centers to various cloud and edge computing platforms. VMware, Inc, known for its expertise in cloud computing and virtualization technology, is set to contribute to the expanded solutions portfolio of Broadcom Inc.
Major companies operating in the in the software defined data center market report are VMware Inc., Microsoft Corporation, Hewlett Packard Enterprise Company, Dell Technologies Inc., Oracle Corporation, Cisco Systems Inc., Citrix Systems Inc., International Business Machines Corporation, SAP SE, Hitachi Ltd., Fujitsu Ltd., NEC Corporation, Juniper Networks Inc., Western Digital Corporation, Nutanix, Red Hat Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, NetApp Inc., Pure Storage Inc., Tintri Inc., DataCore Software, Scale Computing, Pivot, StratoScale, Coho Data Inc., Maxta Inc., Hedvig Inc., Diamanti Inc., Robin Systems Inc.
North America was the largest region in the software defined data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software defined data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the software defined data center market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The software defined data center (SDDC) market includes revenues earned by entities by providing data storage solutions that enable central, cloud management for running, managing, and securing applications. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.