Market Snapshot
| Study Period: | 2018 - 2026 |
| Base Year: | 2020 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 26.6 % |
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Market Overview
The global Software Defined Data Center (SDDC) Market was valued at USD 42.55 billion in 2020 and is expected to reach a value of USD 157.24 billion by 2026 at a CAGR of 26.6%, over the forecast period 2021 - 2026.
- Cost reduction in hardware is the major driving factor for the adoption of software-defined data centres. With SDDC, businesses no longer need to purchase hardware, acquire vendor-specific skills to maintain and operate it, or manage upgrades to physical machines. It simplifies the management of resources of the company, thus increasing overall efficiency.
- Ever-growing security threats which aim at stealing critical information can hamper the growth of the market. SDDC must have identity and access management to control users, OS security to safeguard the virtual server, and data security to protect information at rest and in motion. Two-factor authentication must be put wherever possible to make SDDC secure.
Scope of the Report
In an SDDC, the applications running on the network are able to create, provision, and deploy network resources in real time—adding or removing routers, switches, and servers as the need arises. Industries like telecom & IT, healthcare, retail, BFSI, manufacturing are embracing SDDC to store huge amount of supply chain data and customer information without putting much effort in manual hardware installation.
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Key Market Trends
Software-Defined Storage to Dominate the Market
- Software-Defined Storage has become mandatory, as the enterprise resources are becoming decentralized and increasing in volume. It is also called Storage Virtualization or virtual SAN.
- Storage virtualization will allow many storage units to be combined in one and removed any physical storage in sight. It is useful for those organizations which spend excess in hardware or those who are unable to meet SLA due to lack of storage facilities.
- As per DOMO's Data Never Sleeps 6.0 Report, Amazon shipped 1111 packages per minute, the weather channel received 18055555 forecast requests per minute and google conducted 3877140 requests per minute in 2018. To store the increasing amount of data, hardware devices are not enough.
- Storage virtualization products such as IBM's SAN Volume Controller (SVC) and Hitachi Data Systems Corp.'s USP V claim to virtualize different types and brands of storage systems, making them potentially useful to companies that have undergone a merger or acquisition.
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Asia-Pacific to Witness the Highest Growth
- Asia-Pacific is the fastest growing region for this market due to more number of startups mushrooming due to steady economic growth, rapid spread of the Internet and smartphones and increases in related business demand.
- This trend is attracting venture capitalist in this region which is leading to growth in number of companies. Thus, the amount of data generated is also increasing.
- Number of financial centers are also increasing in APAC, with Shanghai in 5th position of Global Financial Centers Index 2019. Financial Data is critical, thus it needs to be stored in a virtual server for security purpose.
- There has been a strong trend of Asia-Pacific financial centers improving over several years. The top eight centers in the region are now in the top fifteen centers in the whole index. This indicates that with an increase in innovation, the countries would also have to take care of data storing capabilities.
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Competitive Landscape
The market for SDDC is highly dominated by players like Oracle, VMware and Microsoft which provide virtualization software used by all big and small enterprises. The new entrants are generally acquired by big companies, which increase the later's product portfolio.
- June 2019 - Intel signed an agreement to acquire Barefoot Networks, an Ethernet switch silicon and software firm for use in the data centre. Addition of Barefoot Networks will support the company’s focus on end-to-end cloud networking and infrastructure leadership, and will allow Intel to continue to deliver experiences and capabilities for its data centre customers.
- June 2019 - Equinix announced an expanded collaboration with IBM Cloud to bring private and scalable connectivity to global enterprises at the digital edge via Equinix Cloud Exchange Fabric.
- April 2019 - VMware introduced VMware Cloud on Dell EMC, which will provide simple, more secure and scalable infrastructure delivered as-a-service to customers’ on-premises data center and edge locations.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Cost Reduction in Hardware and Other Resources is Driving the Growth of the Market.
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4.3 Market Restraints
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4.3.1 Data Security While Deploying SDDC is a Major Challenge.
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4.4 Industry Attractiveness - Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Product
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5.1.1 Solution
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5.1.1.1 Software-Defined Networking (SDN)
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5.1.1.2 Software-Defined Storage (SDS)
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5.1.1.3 Software-Defined Computing (SDC)
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5.1.2 Services
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5.2 By End User
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5.2.1 Telecom & IT
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5.2.2 Healthcare
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5.2.3 Retail
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5.2.4 BFSI
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5.2.5 Manufacturing
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.2 Europe
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5.3.2.1 United Kingdom
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5.3.2.2 Germany
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5.3.2.3 France
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5.3.2.4 Netherlands
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5.3.2.5 Spain
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5.3.2.6 Italy
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5.3.2.7 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Australia
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5.3.3.3 Japan
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5.3.3.4 India
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5.3.3.5 Taiwan
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Latin America
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5.3.4.1 Mexico
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5.3.4.2 Brazil
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5.3.4.3 Argentina
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5.3.4.4 Rest of Latin America
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5.3.5 Middle East & Africa
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5.3.5.1 United Arab Emirates
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5.3.5.2 Saudi Arabia
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5.3.5.3 South Africa
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5.3.5.4 Rest of Middle-East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Microsoft Corporation
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6.1.2 Hewlett Packard Enterprise Company
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6.1.3 Oracle Corporation
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6.1.4 Cisco Systems
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6.1.5 VMware Inc.
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6.1.6 IBM Corporation
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6.1.7 Citrix Systems, Inc.
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6.1.8 Melillo Consulting Inc.
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6.1.9 Huawei Technologies Co., Ltd.
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6.1.10 NEC Corporation
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6.1.11 Dell EMC
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*List Not Exhaustive -
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Software Defined Data Center Market market is studied from 2018 - 2026.
What is the growth rate of Software Defined Data Center Market?
The Software Defined Data Center Market is growing at a CAGR of 26.6% over the next 5 years.
Which region has highest growth rate in Software Defined Data Center Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Software Defined Data Center Market?
North America holds highest share in 2020.
Who are the key players in Software Defined Data Center Market?
Microsoft Corporation, Hewlett Packard Enterprise Company, Oracle Corporation, Cisco Systems, VMware Inc. are the major companies operating in Software Defined Data Center Market.
