Software Defined Data Center Market Growth Outlook Through 2024-2033

Overview and Scope
Software defined data center (SDDC) refers to a data storage facility where networking, storage, CPU, and security are all virtualized and offered as a service. SDDCs are similar to a traditional data center, with some prominent differences, specifically through their use of abstraction, virtualization, automation, and resource pooling.

Sizing and Forecast
The software defined data center market size has grown exponentially in recent years. It will grow from $63.66 billion in 2023 to $77.42 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to industry standards and vendor offerings, scalability and elasticity, demand for streamlined operations, software-centric approach, cost efficiency and resource optimization..

The software defined data center market size is expected to see exponential growth in the next few years. It will grow to $178.31 billion in 2028 at a compound annual growth rate (CAGR) of 23.2%. The growth in the forecast period can be attributed to vendor innovation and offerings, edge computing and iot growth, demand for automation and orchestration, cloud adoption and hybrid it environments, continued emphasis on digital transformation.. Major trends in the forecast period include open source and standardization, sustainability and green it initiatives, data center modernization and efficiency, composable infrastructure development, zero trust security models, software-defined networking (sdn) advancements..

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Segmentation & Regional Insights
The software defined data center market covered in this report is segmented –

1) By Type: Software Defined Computing (SDC), Software-Defined Storage (SDS), Software-Defined Data Center Networking (SDDCN), Automation and Orchestration
2) By Component: Hardware, Software, Services
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large enterprises
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Government And Defense, Healthcare, Education, Retail, Manufacturing, Others Verticals

North America was the largest region in the software defined data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software defined data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The growing adoption of digitalization is expected to be a significant driver for the growth of the software defined data center market. The adoption of digitalization is increasing due to the need for increased productivity, lowering operational costs, enabling faster decision-making, increasing efficiency, technological advancements, push towards digitalization from stakeholders, and others. The increasing adoption of digitalization will generate a huge amount of data that needs to be stored, driving the need for software defined data centers. This need for data centers will create a huge demand for data center services to set up, manage, and operate data centers. For instance, according to a survey conducted among 1,200 CXOs and decision-makers in 9 countries by Fujitsu and published in August 2021, during the pandemic, 82% of respondents from offline organizations had accelerated the digital transformation into their business. During the pandemic, digital became the default mode of living and working, making the organizations adapt to digitalization by creating remote work environments and digitalizing customer services. Therefore, the growing adoption of digitalization will drive the software defined data center market growth.

Key Industry Players
Major companies operating in the software defined data center market report are VMware Inc., Microsoft Corporation, Hewlett Packard Enterprise Company, Dell Technologies Inc., Oracle Corporation, Cisco Systems Inc., Citrix Systems Inc., International Business Machines Corporation, SAP SE, Hitachi Ltd., Fujitsu Ltd., NEC Corporation, Juniper Networks Inc., Western Digital Corporation, Nutanix, Red Hat Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, NetApp Inc., Pure Storage Inc., Tintri Inc., DataCore Software, Scale Computing, Pivot, StratoScale, Coho Data Inc., Maxta Inc., Hedvig Inc., Diamanti Inc., Robin Systems Inc.

The software defined data center market report table of contents includes:

1. Executive Summary
2.Software Defined Data Center Market Characteristics
3.Software Defined Data Center Market Trends And Strategies
4.Software Defined Data Center Impact Of COVID-19
5.Software Defined Data Center Market Size And Growth
6.Software Defined Data Center Segmentation
7. Software Defined Data Center Regional And Country Analysis
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27. Software Defined Data CenterCompetitive Landscape And Company Profiles
28.Software Defined Data Center Key Mergers And Acquisitions
29.Software Defined Data Center Future Outlook and Potential Analysis

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