PORTLAND, Oregon, September 8, 2016 /PRNewswire/ --
According to a new report published by Allied Market Research, titled, "World Software-Defined Data Centers (SDDC) Market: Opportunities and Forecasts, 2014 - 2022," the global SDDC market is expected to generate revenue of $139 billion by 2022, growing at a CAGR of 32% from 2016 to 2022. SDDC is a facility where all data center resources that include storage, networking, and computer are virtualized and delivered as a service. It leverages deployment, monitoring, and management of data center resources through automated software. Exponential growth of big data, increased demand for streamlined & automated data center operations, and cost efficiency has resulted in increased SDDC adoption, globally. On the contrary, factors that restrain the market expansion in certain regions include possibility of security threats and integration complexity.
Sample of the Software-Defined Data Center (SDDC) Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/software-defined-data-center-market
SDDC network solutions include software-defined storage (SDS), software-defined compute (SDC), and software-defined networking (SDN). The SDS network solution segment holds the maximum market share, as it includes the complete support infrastructure required for storage and management of data. However, SDN network solution is expected to witness notable growth during the forecast period, with a CAGR of 31.6%, owing to higher adoption, mainly in North America and Europe.
Among various industry verticals, government & BFSI accounted for the maximum revenue share in 2014, on account of higher IT spending and huge data generation. The telecom & IT segment is expected to grow at the highest CAGR, as it generates huge amount of customer data on a daily basis. Among the service segments, integration, deployment, and migration accounted for the highest revenue in 2014, as it involves new hardware setup cost such as servers and automated storage systems. However, the managed services segment is expected to witness the highest growth rate in the near future.
"SDDC is changing the way enterprises manages their IT infrastructure, hence receiving attention from some of the world's most prominent IT companies. On the other hand, the ability to facilitate streamlined data center operations, virtualization, and high flexibility is expected to promote its demand across industries. In addition, positive response for installation of SDDC has witnessed remarkable growth in the past few years. Programmatic capabilities of an SDDC would foster significant demand from global enterprises that plan to build and deploy hybrid cloud model," states Preeti Bisht, Sr. Research Associate, ICT Research at AMR. Moreover, North America presently leads the market, on account of early adoption of the technology and high investment in data centers. Asia-Pacific is expected to exhibit robust growth due to increasing number of data centers and heavy spending by the Chinese government in the IT sector.
- SDS network solution held a significant share in the world SDDC market in 2014, and it is expected to continue this trend throughout the forecast period.
- The managed service contributed 36% of the total market value in 2014, and is projected to dominate the market by 2022, owing to the rapid adoption among large enterprises that necessitate third-party assistance to manage and control SDDC infrastructure.
- In the year 2014, government & BFSI accounted for the highest market share in the industry vertical segment, with over 25% revenue. However, telecom & IT is expected to dominate the market in near future.
- Asia-Pacific accounted for 20% of the total market value in 2014, and is anticipated to be the fastest growing region.
Key players analyzed in the SDDC market are VMware, Inc., EMC Corporation, IBM Corporation, and Microsoft Corporation. The key strategies adopted by them include product launches, acquisitions, and partnerships to strengthen their market position, enhance their software services, and expand their geographical presence. For instance, in the year 2016, VMware launched the new enterprise-proven, hyper-converged Stack, EVO to enable smooth, high-performance infrastructure for SDDC.
Similar Reports on Data Center can be viewed at -
Data Center Colocation Market - https://www.alliedmarketresearch.com/colocation-market
Data Center Cooling Market - https://www.alliedmarketresearch.com/data-center-cooling-market
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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