FELTON, California, August 23, 2017 /PRNewswire/ --
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 full research report with TOC on "Software Defined Data Center (SDDC) Market Size and Forecast, By Network Solution (SDN, SDS, SDC), By end-use (Large-Scale, Medium-Scale, Small-Scale), By Network Services (Consulting & Assessment, Integration & Deployment Migration, Managed Services), By Industry (IT & Telecom, Retail, Healthcare, BFSI & Government, Manufacturing) and Trend Analysis, 2014 - 2024" at: https://www.hexaresearch.com/research-report/software-defined-data-center-sddc-market
Over 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 demand from the segment is projected to increase over the forecast period as it enables companies to reduce their existing data center specific capital expenditure and provide enhanced service quality and efficiency.
However, the difficulty in integration of SDDC with the existing IT infrastructure can hinder the growth of SDDC market. Another potential challenge in its growth can be the migration of operations, as organizations may not feel the need to switch to SDDC, and may continue with their existing infrastructure. Besides, there is an upfront cost associated with the implementation of SDDC, which may limit its adoption mainly among medium to small scale businesses. Key players in the global market include IBM, Microsoft, Hitachi, and Cisco.
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Hexa Research has segmented the global software defined data center market based on network solution, end-use, industry and region:
Segmentation by network solution, 2014 - 2024 (USD Million)
• Software defined networking (SDN)
• Software defined Storage (SDS)
• Software defined Compute (SDC)
Segmentation by end-use, 2014 - 2024 (USD Million)
• Large Scale
• Medium Scale
• Small Scale
Segmentation by network service, 2014 - 2024 (USD Million)
• Consulting & Assessment Services
• Integration & Deployment Migration Services
• Managed Services
Segmentation by industry, 2014 - 2024 (USD Million)
• IT & Telecom
• BFSI & Government
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• Asia Pacific
• Central & South America
Key players analyzed
• VMware, Inc.
• Microsoft Corporation
• Cisco Systems, Inc.
• Hitachi, Ltd.
• IBM Corporation
• Fujitsu, Ltd.
• Citrix Systems
• NEC Corporation
• EMC Corporation
• Hewlett Packard Enterprise Co.
About Hexa Research
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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SOURCE Hexa Research