A Staggering 16% CAGR to Set the Tone for Global Software-defined Data Center Market (SARS-CoV-2, Covid-19 Analysis)


Posted June 6, 2020 by MarketsFutureHere

A Staggering 16% CAGR to Set the Tone for Global Software-defined Data Center Market (SARS-CoV-2, Covid-19 Analysis)

 
Software Defined Data Center Market

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The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Software Defined Data Center Market . The growth sectors of the Software Defined Data Center Market are identified with precision for a better growth perspective.

The trend to adopt digitalization as the future has also ushered in the virtualization of infrastructure which can expand the global market by leaps and bounds. At its core is software-defined data center (SDDC) where deployment, provisioning, monitoring, and data center resource management take shape with the assistance of automated software. Market Research Future (MRFR) reveals in a well-articulated study that the global market is all set to experience a staggering 16% CAGR during the forecast period (2017-2023).

Drivers and Restraints:

Be it BFSI, retail, telecom & IT, or healthcare, SDDC has penetrated one and all by proving itself efficient in handling the massive bulk of data and reducing the cost considerably. In only a few years, since its inception, cloud technology has taken a quantum leap forward, and its dynamic evolution can be attributed to software-defined data center market. The sector is also gaining traction from emerging economies as its effective connectivity made it a market rage.

However, data security threat is an issue that mars the otherwise ideal image of the SDDC. A serious data breach can leak confidential data and endanger a client’s credibility. But this cannot bog down the market for long as various holistic security measures are being implemented by end-user industries to provide clients a sound service.

Industry News:

The advancing market has enough potential to experience continual development in technology. For instance, Dell Technologies is planning to launch a new hyper-converged infrastructure (HCI) advancements, a leap forward in technology, to simplify customer IT transformations. Dell EMC, VMware, and Pivotal, on the other hand, are planning to launch a joint cloud platform for solutions.

Segmentation:

The global software-defined data center market can be segmented by services, network solution, data center type, and vertical.

Based on services, the market includes managed services, consulting and assessment services, integration, deployment, and migration services. The managed services sub-segment holds the most significant market share due to the adoption of SDDC in IT & telecom, manufacturing, and retail. Consulting and assessment services can also register a staggering growth during the forecast period.

On the basis of network solution, the market comprises software-defined storage (SDS), software-defined compute (SDC), and software-defined networking (SDN). SDS is spearheading the market and is expected to witness a stellar rise in the foreseeable future.

More Information@


Software Defined Data Center Market – Forecast 2023 | MRFR
Global Software Driven Data Center is expected to reach USD 68 Billion by 2023, software-defined…

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Issued By MRFR
Country United States
Categories Software , Technology
Tags data center market , software defined data center , software defined data center market
Last Updated June 6, 2020