Market Trends of Software Defined Data Center Industry
This section covers the major market trends shaping the Software Defined Data Center Market according to our research experts:
Software-Defined Storage to Dominate the Market
- Software-Defined storage has become mandatory as enterprise resources are decentralized and increasing in volume. It is also called Storage Virtualization or virtual SAN. Storage virtualization allows many storage units to be combined into one and remove any physical storage in sight. It is helpful for organizations that spend excess on hardware or need more storage facilities to meet SLA.
- Increased data traffic has been the main underlying factor responsible for the demand for data storage. With an increase in IoT adoption worldwide, device connectivity is also growing. Hence, there is an accumulation of vast piles of data.
- As per estimates by Cisco, there are over 50 billion smart connected devices in the world. The data collected from such devices can be analyzed to generate customer transaction patterns and help companies understand the proclivity of their consumers. Also, IBM reported that approximately 90% of the data was generated in the last two years.
- The "internet of things" (IoT) represents the internet's present and future states. It requires a lot of effort and processing procedures to convert the enormous volume of data produced by a big number of linked devices (objects) to the internet into usable information. A comprehensive software-defined framework streamlines the IoT management process by combining the software-defined network, software-defined storage, and security into one software-defined-based control model. It offers a critical solution for the difficulties in the traditional IoT architecture to forward, store, and secure the produced data from the IoT objects. As indicated in the graph, the growing IoT devices are analyzed to contribute to the market growth rate during the forecast period.
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The Asia-Pacific to Witness the Highest Growth
- The Asia-Pacific is the fastest growing region for this market due to more startups mushrooming due to steady economic growth, the rapid spread of the internet and smartphones, and increased related business demand.
- This trend is attracting venture capitalists in this region, leading to growth in many companies. Thus, the amount of data generated is also increasing. 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.
- A well-maintained SDDC architecture sets up an organization for its transition to a hybrid cloud. As a pool of resources that have been virtualized, SDDC is the optimal foundation for hybrid cloud systems. By automating resource allocations and tasks, streamlining and accelerating application deployment, and serving as the foundation of a high-availability infrastructure, it offers a common platform for both private and public clouds.
- The hybrid cloud in the Asia-Pacific is expected to witness growth in the coming years with a significant growth rate due to cost efficiency, scalability, agility, and security. The hybrid cloud bridges the gap between Information Technology (IT) and businesses by improving agility and efficiency and rapidly delivering IT resources at a low cost. COVID-19 has significantly accelerated the adoption of digital technologies and led to a substantial shift toward the hybrid cloud.
- The development of China's cloud industry is a major strategic objective for the central government, and it was highlighted prominently in the country's 12th and 13th Five-Year Plans. Cloud computing technology has been selected as one of the 11 key technology sectors backed by the government. The National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT) have built pilot cloud schemes in five cities: Beijing, Hangzhou, Shanghai, Shenzhen, and Wuxi.
- More and more Chinese firms are adopting a hybrid cloud approach to speed up their digital transformation. Alibaba Cloud VMware Service enables clients to modernize apps, infrastructure, and operations more quickly and affordably. The connectors provide enterprise-class computing, storage, and networking capabilities, as well as unified infrastructure and management for increased visibility and automation. These factors are significantly boosting the market growth rate during the forecast period.
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