DUBLIN--(BUSINESS WIRE)--The "Software-Defined Anything (SDx) Market by Type (SDN, SD-WAN, and SDDC), End User (Service Providers and Enterprises (BFSI, Retail, Healthcare, Education, Government, and Manufacturing)), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Global Software-Defined Anything Market Size is Expected to Grow from 51.7 Billion in 2019 to USD 160.8 by 2024, at a CAGR of 25.5%
Organizations worldwide are increasingly adopting SDx solutions as these technologies were introduced to enable efficient policy-based creation, deletion, and management of data in private and public cloud infrastructure along with effective network management and control. Due to multi-fold benefits, the SDx market is showing growth across the globe.
By type, the Software-Defined Anything (SDDC) segment is expected to account for the highest market share during the forecast period
By type, the SDDC segment is expected to account for the highest market share during the forecast period. Organizations are widely adopting SDDC as they enable them to capitalize on the agility, elasticity, and scalability of cloud computing. Businesses are leveraging the chief advantages of SDDC that enable them to automate all functions with the help of intelligent software, speeding Information Technology (IT) resource provisioning and enhancement of operational management.
By enterprise, the retail enterprise segment to record the highest growth rate during the forecast period
By enterprise, the retail enterprise segment is expected to record the highest growth rate during the forecast period. The companies in retail across the globe are increasingly adopting SDx solutions to enrich and curate the customer experience by using a huge amount of customer data available to them. They are opting for SDx solutions that help them speed up digital and in-store service delivery, reduce complexities, and build and maintain growing flexible network architecture.
By region, APAC to grow at the highest CAGR during the forecast period
APAC is estimated to grow at the highest CAGR during the forecast period, due to the widespread adoption of emerging technologies, such as cloud computing, big data analytics, and rising digital transformation in the region. Organizations are moving to a hybrid IT model, and the need to ensure secure, highly agile, and flexible network access to branch offices across the region has become more pivotal than ever.
Strong, resilient networks are becoming the core of the organization's digital investment priorities as they race to build their presence in the region. Moreover, the presence of growing economies, such as China and India, which are rapidly implementing latest technologies due to the increasing internet penetration and improving customer demand, which is increasing big data, is also considered to be a key factor for the growth of the SDx market in the region.
- Increasing Number of Cloud-Based Solutions
- Rising Need for Mobility Services
- Enterprises' Focus on Reducing OPEX With Software Defined WAN
- Reliability Issues in Software Defined WAN
- Digital Transformation Across Organizations
- Increasing Network Traffic
- Concerns Over Software Defined WAN Security
Software Defined WAN Application Areas
- Unified Communication
- Cloud Approach
- Remote Connectivity
- Application Performance
- Network Optimization
- Multibranch Connectivity
- Adaptiv Networks
- Juniper Networks
- Lavelle Networks
- Mushroom Networks
- Silver Peak
- Versa Networks
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