Software-Defined Data Centre market to hit $1 Tn by 2035

Software-Defined Data Center Market size is expected to reach ~USD 1007.19 Billion by 2035 & growing at a CAGR of ~25.40% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of the software-defined data center market was ~USD 66.61 Billion.

Growing Number of IoT-Connected Devices to Promote Global Market Share of Software-Defined Data Center

The global software-defined data center market is estimated to grow majorly on account of the increasing number of Internet of Things (IoT) connected devices worldwide together with the rising need to control the network in a unified manner using rule-based management. As per estimations the number of IoT connected devices is expected to almost double from 13 billion in 2022 to approximately 26 billion by 2030. Hence, the advent of advanced technologies such as IoT, 5G, and others as well as increasing adoption of multi-cloud strategy together with the rising demand for enhancing infrastructure resiliency and service uptime is further anticipated to propel the market of software-defined data centers. Furthermore, a software-defined data center (SDDC) was introduced to overcome the inefficiencies of traditional data centers and to deliver greater value to businesses with dynamic configurations that could meet the needs of any application workloads, all operating at peak levels of efficiency and automation, hence its market growth is expected to boost with rising automation and adoption of cost-efficient business models.

Some, of the major growth factors and challenges that are associated with the growth of the global software-defined data center market, are:

Growth Drivers:

· Rise in Adoption of Cloud Storage Architecture

· Growing Revenue of SaaS Companies

Challenges:

The rising concern for risks associated with data security in software-defined data centers owing to the growing number of security breaches is some of the major factors anticipated to hamper the global market size of software-defined data centers. As data centers are one of the most important parts of an organization’s IT infrastructure, disruption of the operation of a data center has a significant impact on the business’s ability to operate. Moreover, the lack of universally accepted standard virtualization is responsible for the interoperability and integration issues, impacting the overall growth of the software-defined data center.

By enterprise size, the global software-defined data center market is segmented into large enterprises and small & medium enterprises (SMEs). The SME segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The growth of the segment can be attributed to the upsurge in the number of SMEs worldwide. For instance, it was observed that there were about 330 million SMEs in 2021 worldwide depicting a small increase from the approximately 325 million expected in 2019. Moreover, the increasing number of start-ups globally as well as the growing support programs by various governments for small businesses together with the growing digital transformation of businesses, products, and services are anticipated to boost the growth of the segment over the forecast period.

By region, the North American software-defined data center market is to generate the highest revenue by the end of 2035. This growth is anticipated owing to the existence of most large data centers in the region together with the strong existence of many giant software companies. Additionally, the increasing investment in it sector to develop the strong IT infrastructure along with rising investment in computers and software is also anticipated to boost the market growth. As per recent data predictions, the overall value for private investment in computers & software is anticipated to hit ~USD 1274 billion in the United States by the year-end. Furthermore, the rising research and development by software-as-a-service (SaaS) companies as well as increasing adoption of SaaS, infrastructure-as-a-service (IaaS) together with the rising trend of adoption of software with automated storage with a tremendous focus on hardware cost reductions in the region is expected to propel the regional market growth.

This report also provides the existing competitive scenario of some of the key players of the global software-defined data center market which includes company profiling of VMware, Inc., Microsoft Corporation, Dell Inc., Hewlett Packard Enterprise Development LP, Juniper Networks, Inc., Citrix Systems, Inc., Oracle Corporation, IBM Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Fujitsu Limited, and others. Source- https://www.researchnester.com/reports/software-defined-data-center-market/4922