According to a new report published by Allied Market Research, titled, "World Software-Defined Data Centers (SDDC) Market", 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.
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 worlds 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.
Read more details of the report at: https://www.alliedmarketresearch.com/software-defined-data-center-market
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