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Software-Defined Data Center Market Ongoing Trends and Recent Developments

05-07-2019 02:05 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

Software-Defined Data Center Market Ongoing Trends and Recent

According to recent research "Software-Defined Data Center Market by Component (Hardware, Software, and Service), Type (Software-Defined Compute, Software-Defined Storage, and Software-Defined Data Center Networking), Organization Size, Vertical, and Region - Global Forecast to 2023", the global Software-Defined Data Center (SDDC) market size is expected to grow from USD 33.5 billion in 2018 to USD 96.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.6% during the forecast period. SDDC enables policy-based infrastructure provisioning, wherein virtualized compute, storage, and networking resources are logically pooled and managed as a software. The ever-increasing operational cost overheads and complexities in the traditional data center environment have facilitated the adoption of SDDC, which is expected to aid companies in cutting down their operational and capital expenditure.

Browse 63 market data Tables and 40 Figures spread through 128 Pages and in-depth TOC on "Software-Defined Data Center Market”
https://www.marketsandmarkets.com/Market-Reports/software-defined-data-center-sddc-market-1025.html?utm_source=Openpr

The fleet analytics and reporting segment to record a higher growth rate during the forecast period

In the fleet management market by solution, the fleet analytics and reporting segment is expected to record a higher growth rate during the forecast period. Fleet management solutions aim at reducing risks, improving safety and security, monitoring fleets, and optimizing fleet operations. They help in reducing the total cost of ownership, protecting investments in assets, assisting asset inventory management, facilitating preventative maintenance in compliant with vehicles’ Original Equipment Manufacturers (OEM) guidelines, and reducing repair costs by improving fleet safety.

Among services, the professional service provider segment to have a larger market size during the forecast period

In the fleet management market by service, the professional service provider segment is expected to have a larger market share during the forecast period. Currently, the fleet management market is emerging and expected to grow during the forecast period. Professional service providers study the fleet operations of logistics companies, thereby comprehending business constraints, providing major insights that help these companies optimally utilize all available resources, and making the most of their technological investments.

Speak to our Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1020&utm_source=Openpr

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global fleet management market during the forecast period. The US has emerged as a larger country in terms of market size, due to the large scale implementation of fleet management solutions by the organizations and enterprises in the country. The pace of digital transformation in the US is high, high growth of telematics, and advent of the 4G technology in the region are the factors attribute to the fast growth of the fleet management market in the US.
The key and emerging market players in the fleet management market include ARI Fleet Management (US), Azuga (US), Chevin Fleet Solutions (Australia), Ctrack (US), Donlen Corporation (US), Geotab (Canada), GPS Insight (US), Masternaut (UK), MiX Telematics (South Africa) , Nextraq (US), Teletrac Navman (US), Trimble (US), Verizon Connect (US), Wheels, Inc (US), and Fleetroot (UAE). These players have adopted various strategies to grow in the global fleet management market.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Email: newsletter@marketsandmarkets.com

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