The global software-defined data center market is anticipated to grow at a significant CAGR of 21.5% during the forecast period. The market growth is driven by the significant growth in big data that has resulted in the increasing demand for software-defined data centers in several industry verticals including IT & telecom, BFSI, retail, and healthcare. Thus, the market is expected to grow due to streamlined and automated software data center operations. The market also sees an opportunity in the rising trend of moving workloads to advanced colocation centers, as it provides for cross-connect IT services and Layer 2 Wide Area Network (WAN) connectivity.
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The global software-defined data center market is segmented based on type (into the software-defined network, software-defined storage, and software-defined compute), application (into the BFSI, IT & telecom, healthcare, retail, and others), and regions (into North America, Europe, Asia-Pacific, and the Rest of the World).
Trends, Opportunities, and Restraints to the Market
- Among these, the BFSI segment is expected to cater to a significant share of the market attributed to the rising demands of data centers for data storage, recovery, and cybersecurity processed, stored, and reproduced repetitively. They are adopting various cloud strategies.
- The software-defined network segment is expected to hold a prominent share as it is a cost-effective alternative with greater control as compared to traditional networking. Additionally, it facilitates manageable and adaptable solutions leading to its rising demand for dynamic applications. Another reason for its rising demand is its ability to reduce the complexity of the network in the data center.
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- The market is expected to show optimistic growth in Asia-Pacific attributing to the significant contribution of the developing economies such as Japan, China, India, and Singapore. The industry will grow attributing to the presence of various key players who are expanding their business in this region. For instance, in March 2021, Scality announced a significant expansion in the Asia Pacific region with six senior executives as the company’s demand for large-scale multi-cloud storage and hybrid increased. Additionally, the market is growing attributing to the increasing focus on server virtualization in the region.
- However, the market growth is restrained by the lack of universally accepted virtualization standards. This can significantly lead to the occurrence of conflicting and confusing behaviors by SDN (Software-Defined Networking) controllers, developed by different vendors.
- Additionally, the market can be significantly challenged by the management and operational discrepancies at the time of transitioning from on-premise architecture to public cloud deployments.
The major players in the global Software-Defined Data Center market include Microsoft Corp., Cisco Systems Inc., Oracle Corp., Hewlett Packard Enterprise Co., VMware Inc., IBM Corp., and others. The market players are contributing significantly to the market growth by the adoption of various business strategies including mergers & acquisitions, collaborations, funding, and new product launches. For instance, in May 2020, Huawei introduced CloudFabric 2.0 Data Center Network Solution with new super capacity Cloud Engine data center switches, an upgraded AI-based iLossless algorithm for dynamic congestion control, and autonomous driving capabilities.
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