DUBLIN--(BUSINESS WIRE)--The "Global Software-Defined Data Center (SDDC) Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Surge in the adoption of cloud services
With the advent of cloud technologies and their benefits, such as reduced CAPEX and OPEX, effective disaster recovery, and high computation power, enterprises prefer public, private, and hybrid cloud services to on-premise data center solutions. Vendors of the market in focus are capitalizing on this development and are offering products that complement cloud solutions. Therefore, the rising adoption of cloud services will simultaneously increase sales of SDDC solutions, which will contribute to the market growth over the forecast period.
The global software-defined data center market is expected to record a CAGR of almost 23% during 2019-2023, despite its decelerating growth momentum.
Increasing demand for higher bandwidth and low latency
With rising IoT applications and edge computing, the need for higher bandwidth and low latency is increasing. Therefore, telecommunication service providers are focusing on implementing a 5G network across countries. As a result, the need for data centers that can address bandwidth and low latency is growing.
These factors have been creating a need for SDD solutions, which play a crucial role in increasing the efficiency of data center components, including network infrastructure. Therefore, the rising demand for higher bandwidth and low latency is a key trend that will have a positive impact on the overall market growth.
Also, our global software-defined data center report has observed market growth factors such as demand for data center modernization, geographic disaggregation of data centers, and surge in the adoption of cloud services. However, cybersecurity concerns, implementation challenges, and virtualization sprawl may hamper the growth of the software-defined data center industry over the forecast period.
The software-defined data center market analysis considers sales from the software-defined storage (SDS), software-defined compute (SDC), and software defines networking (SDN) segments. The analysis also considers the sales of the software-defined data center in APAC, Europe, MEA, North America, and South America.
In 2018, the SDS segment held the highest market share, which is expected to remain prevalent over the forecast period. SDS solutions reduce operational complexities and costs for enterprises by eliminating their dependency on hardware, increasing their deployment rate compared with other solutions. Furthermore, SDS solutions offer simplified data management, transparency in storage availability, and scalability. As a result, the market segment will maintain its leading position over the forecast period.
With the presence of several major players, the global software-defined data center market is fragmented. The robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading software-defined data center manufacturers, which include:
- Cisco Systems
- Dell Technologies
- Hewlett Packard Enterprise Development
- IBM Corp.
Also, the software-defined data center market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of substitutes
- Threat of rivalry
- Threat of new entrants
- Market condition
PART 06: MARKET SEGMENTATION BY COMPONENT
- Comparison by component
- SDS - Market size and forecast 2018-2023
- SDC - Market size and forecast 2018-2023
- SDN - Market size and forecast 2018-2023
- Market opportunity by component
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Extended partnerships, strategic collaborations, and mergers and acquisitions
- Increasing demand for higher bandwidth and low latency
- Growing implementation of IoT
PART 12: VENDOR LANDSCAPE
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Cisco Systems Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise Development L.P.
- IBM Corp.
- VMware Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9q6w84