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Software-Defined Data Center Market in SDS (Software-Defined Storage) Segment is Witnessing A High Growth by 2024| Leading Players are VMware, Microsoft, Oracle, Dell, Huawei, Citrix Systems, IBM, Amazon Web Services, SAP SE, Hitachi, Fujitsu
Software-Defined Data Center Market
The SDS (Software-Defined Storage) segment is witnessing a high growth in the software-defined data center market due to the massive data generation in the IT & telecom sector. Increasing demand for online and computing services is a major factor responsible for such data generation in the sector. The IT companies are installing infrastructure facilities for the storage and manageability of their business data. Software-based storage techniques allow companies to save their investments on data center equipment.
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(SDDC) Software-Defined Data Center Market is set to exhibit lucrative growth to 2024 driven by increasing adoption of data center management software and solutions for improving the scalability and agility of business operations. Companies are dependent on several software solutions for managing and storing their massive amounts of data, owing to which software developers are offering several such solutions to cater to the demand for efficient data management tools. For instance, VMware, Inc. is offering software tools for extending its offering in the computer & storage space such as VMware Virtual SAN (vSAN) and the vCloud management suite. Such advanced solutions are expected to drive the adoption of data center storage facilities, thereby providing an impetus to the software-defined data center market growth.
Rapid increase in data center traffic and the increasing need for hyperscale facilities for storage of such massive data are expected to drive the software-defined data center market growth. It is estimated that the global data center traffic will cross 20 zettabytes per year by 2024 and around 80% of the overall cloud workloads will shift to Software as a Service (SaaS).
Players in the software-defined data center market are targeting their offerings to such multinational companies for virtualizing their data center industry. Several advantages offered by these solutions include the increased speed of service delivery, improved security & safety of data that help in lowering the power consumption, and costs.
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Growing demand for dynamic connectivity and networking in developed economies is providing an opportunity to players in the software-defined data center market. Several countries including the U.S, Canada, Germany, and France are experiencing high adoption rates of such solutions. The strong presence of the global companies that depend on effective data storage solutions for performing their business operations will propel the software-defined data center market growth. Moreover, these countries are experiencing a rapid adoption of advanced technologies in several industrial sectors.
Europe software-defined data center market is witnessing a high growth due to the rising demand for online shopping and a rapid growth of the e-commerce business. In 2017, the e-commerce sale accounted for USD 534 billion in the region. Western Europe accounted for around 70% of the online retail turnover. The retail e-commerce sector is witnessing a high demand for these solutions to manage the massive data generated including customer details, order information, and other credentials. Moreover, the increasing data center facilities in countries including the UK, Germany, the Netherlands, and France accounted for a large data traffic, thereby accelerating the software-defined data center market growth.
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Major companies operating in the software-defined data center market are VMware, Inc., Microsoft Corporation, Oracle Corporation, HP Development Company, Dell Software, Inc., Huawei Technologies Co., Ltd., L.P., Citrix Systems, Inc., IBM Corporation, Amazon Web Services, Inc., SAP SE, EMC Corporation, Hitachi, Ltd., Fujitsu, Ltd., Citrix Systems, Melillo Consulting, Inc., and Cisco Systems, Inc., among others. The players in the software-defined data center market are developing solutions for enhancing the security and safety of the industrial data.
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