Software Defined Data Center (SDDC) Market Size, Share, Trend By Top Trends & Regional Forecast 2023 to 2032 | CAGR of 32.0%

The world SDDC market is expected to grow at a CAGR of 32.0% during the forecast period. Software-defined data center (SDDC) refers to a data storage facility where all elements of an infrastructure including storage, CPU, networking, and security are virtualized and provided as a service. SDDC leverages virtualization and cloud technology to enable end-user access to all the data center resources through software. SDDCs are rapidly gaining significance among enterprises, owing to their unmatched benefits such as streamlined and automated data center operations. They are provided on a lease basis to end users for storing crucial information that can be remotely accessed. It further eliminates the need to establish own datacenter, which requires huge investment.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

KEY PLAYERS, , Microsoft Corporation, VMware, Inc., Oracle Corporation, Cisco Systems, Inc., Dell Software, Inc., HP Development Company, L.P., Citrix Systems, Inc., International Business Machines (IBM) Corporation, Amazon Web Services, Inc., SAP SE

Therefore, the increase in adoption of SDDC across industries such as government & BFSI, retail, telecom & IT, and healthcare fuels the market growth as it is a cost-effective solution to get automated data center operations with improved security. However, data security threat is one of the key restraints that hampers the growth. In addition, huge demand for dynamic connectivity, primarily in emerging economies, is likely to provide greater opportunities to the market players. Moreover, it primarily aims to deliver intelligent services, improved data management solutions, and standardized hardware platforms.

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The world SDDC market is segmented on the basis of network solutions, services, end user, industry vertical, and geography. The network solutions segment is categorized into software-defined compute (SDC), software-defined networking (SDN), and software-defined storage (SDS). The market is further bifurcated by services into consulting & assessment service; integration, deployment & migration service; and managed service. The end user segment covers large-scale, medium-scale, and small-scale enterprises. Moreover, SDDCs are adopted across various industry verticals such as telecom & IT, retail, healthcare, government & BFSI, manufacturing and others (education & media & entertainment, utilities, and transportation). Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. In 2014, North America accounted for the largest market share in the world SDDC market.

The SDDC market in the Asia-Pacific accounted for around 20% share of the overall SDDC market in 2014 and is estimated to grow at a fastest CAGR of 35.8% during the forecast period. Exponential big data growth and scalability & cost-effectiveness are expected to foster the adoption of SDDC in the Asia-Pacific region. Furthermore, North America comprises the U.S., Mexico, and Canada, whereas Europe is further divided into UK, Germany, France, and rest of Europe. The countries covered under the Asia-Pacific region are India, Japan, Australia, Singapore, and rest of Asia-Pacific. LAMEA includes Latin America, the Middle East, and Africa.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

The report provides a comprehensive analysis of the world SDDC market with current trends & future growth opportunities, challenges, and competitive scenario.
The current market trends are quantitatively analyzed and estimated for the period of 2014-2022 to highlight the financial competency.
Porter's five forces analysis provides inputs on the potential of buyers and suppliers and highlights the competitive structure of the market, which is expected to enable market players to devise effective growth strategies and facilitate better decision-making.
Value chain analysis provides key inputs on the role of different stakeholders involved at various stages.
SWOT analysis of the key market players highlights the strengths and potential opportunities in the market.

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MARKET SEGMENTATION

The SDDC market is segmented on the basis of network solution, service, end user, industry vertical, and geography.

BY NETWORK SOLUTION

Software-defined Compute (SDC)
Software-defined Network (SDN)
Software-defined Storage (SDS)

BY SERVICE

Consulting & Assessment Services
Integration, Deployment, and Migration Service
Managed Services

BY END-USER

Large-scale Enterprise
Medium-scale Enterprise
Small-scale Enterprise

BY INDUSTRY VERTICAL

Telecom & IT
Retail
Healthcare
Government & BFSI
Manufacturing
Others

BY GEOGRAPHY

North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
Japan
Singapore
Australia
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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