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Software Defined Data Center (SDDC) Market Expected to Reach $320.59 Billion by 2030

 
2022
Software Defined Data Center (SDDC) Market

Report Code : A00761

quote According to Aarti Goswami, Research Analyst, BFSI at Allied Market Research, “Exponential big data growth & cost-effectiveness has led to a higher adoption of SDDC across industries, such as IT enabled services (ITeS), BFSI, government, healthcare, among others.” quote

Vineet Kumar - Manager
ICT and Media at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Software Defined Data Center (SDDC) Market," The software defined data center market size was valued at $39.45 billion in 2020, and is estimated to reach $320.59 billion by 2030, growing at a CAGR of 23.7% from 2021 to 2030.

Automated data backup, streamlined data center operations, and quicker service delivery through network solutions, including software-defined storage (SDS), software-defined compute (SDC), and software-defined network (SDN) drive the growth of the market. For instance, VMware released second-generation VMware Cloud in May 2020, a cloud service that combines the convenience and agility of the public cloud with the protection and management of enterprise-grade on-premises infrastructure. Presently, increase in security concerns and integration complexity   are important development limitations. However, due to significant technical improvements in the software technology industry, these constraints are projected to fade away in the future.

Based on deployment mode, public segment acquired the major share of software defined data center market size. SDDC allows for the elimination of proprietary hardware dependency; this is one of the benefits that the cloud provides. In addition, this new approach will liberate the IT department so that it can focus on innovative projects that add value to the organization and its bottom line.

Region wise, North America dominated the SDDC market in 2020, and is expected to maintain this trend during the forecast period. This is  attributed to increase in demand for data storage and surge in investment by companies toward the SDDC across the IT sector.

During the pandemic, the rise in demand for data center consolidation, cloud services, and server virtualization were the primary drivers of the software defined data center solutions. The volume of data created by visiting the web necessitated the use of data centers and cloud services. Moreover, the widespread usage of virtual private networks (VPNs) for remote working and teleconferencing has resulted in increased data traffic on the internet. Several IT infrastructure suppliers are forced to embrace software-defined networking technologies as a result of the pandemic. Thus, these factors propelled the growth of the software defined data center industry during the pandemic.     

KEY FINDINGS OF THE STUDY

  • By component, the software segment led the highest software defined data center market share, in terms of revenue in 2020.
  • On the deployment mode, the hybrid segment is expected to exhibit the fastest growth rate during the software defined data center market forecast period.
  • Region wise, North America generated the highest revenue in 2020.  

The key players operating in the software defined data center market analysis include Citrix Systems, Inc., Cisco Systems, Inc., IBM Corporation, Microsoft, Hewlett Packard Enterprise Development LP, SAP SE, Oracle Corporation, Dell Inc., VMware, Inc., and Datacore Software. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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quote Software Defined Data Center (SDDC) Market by Component (Software, Services), by Deployment Mode (Public, Private, Hybrid), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), by Type (Software-defined Compute (SDC), Software-defined Networking (SDN), Software defined Storage (SDS), Others), by Industry Vertical (IT Enabled Services (ITeS), BFSI, Government, Healthcare, Manufacturing, Retail and E-Commerce, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030 quote

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