Software Defined Data Center Market will Grow at 25.2% CAGR During 2018 – 2023 (Microsoft, Hewlett Packard, Oracle, Cisco, Vmware, IBM, Citrix Systems, Melillo Consulting)

Global Software Defined Data Center Market was valued at USD 31.84 billion in 2017 and is expected to reach a value of USD 121.91 billion by 2023 at a CAGR of 25.2%, over the forecast period (2018-2023). The scope of the report is limited to type of product which include Solutions & Services. The Applications considered in the scope of the report include Telecom and IT, Healthcare, Retail, BFSI, Manufacturing, and Others. Geographically, the scope is limited to North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The adoption rates for the software data defined data centers have been low as the infrastructure investments for the increase of data centers have been ongoing in Europe and other parts of the world. Virtualization and cloud computing are the central part for the implementation of such technology. Cloud and virtualization technology investments have also been growing which ease the transition to SDDC technologies. The investments in virtual technology have also been increasing as companies such as Ubisec Systems have been able to reduce 30 dedicated servers to 2 virtual hosts through the use of virtualization technology which is central to SDDC. Companies such as VMware have been keen on investing in the growth of SDDC. VMware had acquired companies such as Velocloud and Arkin Net to compete with other players in the market such as Cisco which has also been making investments in the market.

Growing Need for Agility and Scalability fuel growth of the market.

One of the most needed factors from a data center is agility. The need for agility has been one of the primary factors for the growth of hyper scale data centers. The implementation of software defined data centers (SDDC) aids in such factors. Owing to such factors SDDC is expected to grow in the future. Scalability primarily affects the cost structure borne by companies as the companies utilize only required amount of resources efficiently which reduces the redundancy of hardware or software. Issues such as outdating if existing hardware is one of the primary causes scalability.

Key Developments in Software Defined Data Center Market

December 2017: Telstra Corporation Ltd. Has been looking to acquire software-defined networking solution provider VM Tech. VM tech’s tailor-made approach to customers are capable of transforming Telstra’s organizational network, cloud infrastructure and security delivering customer specific solutions.

Major Players:

MICROSOFT CORPORATION, HEWLETT PACKARD, ORACLE CORPORATION, CISCO SYSTEMS, VMWARE INC., IBM CORPORATION, CITRIX SYSTEMS, INC., MELILLO CONSULTING INC., HUAWEI TECHNOLOGIES CO., LTD., NEC CORPORATION, and DELL EMC., amongst others.

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Growing Healthcare technologies fuel need for data centers

Healthcare organizations are typically slow to adopt modern changes to IT infrastructure but the adoption of SDDC aids in the healthcare institutes to streamline data management, unify networking and server storage with better agility. Medical expenditure is growing every year, and therefore, the cost optimization from the customer perspective is in focus. According to Institute for Health Metrics and Evaluation, healthcare spending is expected to increase to about USD 18.28 trillion by 2040 with high income countries expected to spend around USD 9,019 per person in 2040. With the availability of EMR of customers, specific medical plans are being devised, to provide customers with better health insurance coverage than the general plans available

North America Has High Adoption Rates For Software Defined Data Centers

According to the U.S. Bureau of Economic Analysis, United States had exported more cloud computing services than it imported, a trade surplus of approximately USD 18 billion in 2015 had been generated. This increase in cloud computing services provides the ground for the development of SDDC technologies. There are 2,418 American data centers which have a lot of infrastructure and maintenance costs associated with them which lead to wastage of resources. Owing to such factors the use of SDDC has become an extremely viable option. A study claims that the U.S. needs to invest up to USD 150 billion in fiber infrastructure over the five to seven years to cater the networking demand, further fuelling the need for SDDC.

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