According to a newly released Future Market Insights study, the Software-Defined Data Center Market revenues were expected to be US$ 39.4 Bn in 2021 and are projected to increase at a CAGR of 17.3 percent from 2022 to 2032. The market is predicted to be worth US$ 228.6 billion by the end of 2032.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 28.82 Billion |
| Anticipated Market Value (2022) | US$ 35.16 Billion |
| Projected Forecast Value (2032) | US$ 250.58 Billion |
| Growth Rate (2022-2032) | 21.7% CAGR |
A rise in the amount of data being produced, a rise in the demand for effective network management, and a sharp decline in Capex and Opex are some of the main market drivers for software-defined data centres. However, growing concerns about data security and privacy, ineffective resource allocation, and a labour scarcity are some of the factors that could hamper industry growth. Additionally, the industry gains from rising interest in hybrid clouds and rising adoption of the Internet of Things.
As technology advances and more businesses adopt digitalization and cloud technologies, SDI helps businesses concentrate on their digital transformation operations to accomplish business results. To achieve significant outcomes, SDX also supports abstracting away from development, business, and improvement teams. Agility and scalability are two of the most advantageous traits for any company. Additionally, SDx offers a virtualization gateway, which is turning out to be a crucial part of the application infrastructure for software applications in digital business. Additionally, SDX aims to provide new and improved products and services at the speed of the customer rather than the speed at which the infrastructure team typically operates, hence fostering market expansion.
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Key Takeaways from the Market Study
- Global Software-Defined Data Center Market is expected to reach a market size of US$ 46.2 Bn by 2022.
- In terms of Component, the Hardware segment is expected to have the highest CAGR rate of 19.5% during the forecast period.
- In terms of Type, the Software-Defined Computing segment is expected to have the highest CAGR rate of 18.7% during the forecast period.
- United States to remain the most dominant market with absolute dollar growth opportunity of US$ 59.5 Bn during 2022 – 2032.
- The market in U.S is set to experience the highest CAGR of 16.7% during the 2022-2032 forecast period.
Competitive Landscape
The Software-Defined Data Center Market is highly concentrated, with a fewer competitors accounting for the vast majority of market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects.
Some of the recent developments in Software-Defined Data Center market include:
- In June 2021, NTT Limited revised its worldwide data Center interconnect network services, which are based on advanced SDN technology and are designed to optimize hybrid cloud settings. A globalized network fabric solution that allows for private and secure connectivity between NTT’s data Centers across the world and important cloud service providers.
- In May 2020, Huawei introduced the CloudFabric 2.0 Data Center cloud Network Solution, which includes new high-capacity CloudEngine data center switches, an improved AI-based iLossless methodology for dynamic congestion control, and autonomous driving features.
- In May 2020, VMware introduced Cloud Second Generation, a cloud service that combines the ease and agility of the public cloud with the protection and management of enterprise-grade on-premises infrastructure, was launched.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Software-Defined Data Center Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Software-Defined Data Center Market by Component (Hardware, Software, Services), Type (Software-Defined Computing, Software-Defined Storage, Software-Defined Data Center Networking, Automation and Orchestration), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Vertical (BFSI, IT and Telecom, Government and Defence, Healthcare, Education, Retail, Manufacturing, Others) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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