Currently, the software-defined data center market is largely driven by growth strategies such as product launch, acquisition, and partnership.
PORTLAND, OR, UNITED STATES, Nov. 24, 2021 /EINPresswire.com/ – The Software-Defined Data Center Industry (SDDC Market) report, released by Allied Market Research, predicts the global market to generate $ 139 billion in by 2022, registering a CAGR of 32% over the period 2016-2022. SDDC is a facility where all of the data center resources that include storage, networking, and the computer are virtualized and provided as a service. It takes advantage of the deployment, monitoring and management of data center resources through automated software.
The exponential growth of big data, increased demand for streamlined and automated data center operations, and cost efficiency have led to increased adoption of SDDC, globally. On the contrary, factors holding back market expansion in some regions include the possibility of security threats and the complexity of integration.
SDDC network solutions include Software Defined Storage (SDS), Software Defined Computing (SDC), and Software Defined Networking (SDN). The SDS Network Solutions segment holds the maximum market share as it includes the complete support infrastructure required for data storage and management. However, the SDN network solution is expected to experience notable growth during the forecast period, with a CAGR of 31.6%, due to higher adoption, mainly in North America and Europe.
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Among the various industry verticals, government and BFSI accounted for the maximum revenue share in 2014, due to higher IT spending and huge data output. The Telecom and IT segment is expected to grow at the highest CAGR as it generates huge amount of customer data on a daily basis. Among the service segments, integration, deployment and migration accounted for the highest revenues in 2014, as they involve costs of installing new hardware such as servers and automated storage systems. However, the managed services segment is expected to experience the highest growth rate in the near future.
In addition, North America currently dominates the market, due to the early adoption of technology and high investments in data centers. Asia-Pacific is expected to show robust growth due to the growing number of data centers and the Chinese government’s significant spending in the IT sector.
The report segments the global mobile wallet market on the basis of applications, payment method, and stakeholders. The mobile wallet market by apps includes mobile commerce, mobile ticketing, mobile coupons, money transfers, micro-payments and others. In the context of payment method, the mobile wallet market is divided into NFC and remote payment. Stakeholders in the mobile wallet market include mobile network operators, handset manufacturers, mobile payment service providers, OSS / BSS solution providers, software developers, content and application aggregators, and others that include TSM, value service providers, retailers / merchants, and mobile payment. networks and banks.
OSS / BSS solution providers are expected to experience the highest growth rate mainly due to the constant development of the mobile wallet in terms of technology, namely NFC technology. The study also offers an updated review of the current major market players, which also includes a description of relevant recent development activities. The global positioning of the most active players in the market is also included in the study. The companies described in this report include American Express, Apple Inc., MasterCard, Visa, AT&T, Sprint, First Data, BlackBerry, Samsung, and Google.
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Key Findings of the Software Defined Data Center Industry:
• SDS network solution held a significant share of the global SDDC market in 2014, and it is expected to continue this trend throughout the forecast period.
• Managed service contributed 36% of the total market value in 2014, and is expected to dominate the market by 2022, due to rapid adoption by large enterprises that require third-party assistance to manage and control the SDDC infrastructure.
• In 2014, the government and BFSI accounted for the highest market share in the industry vertical segment, with over 25% revenue. However, telecommunications and IT are expected to dominate the market in the near future.
• Asia-Pacific accounted for 20% of the total market value in 2014, and is expected to be the fastest growing region.
The major players analyzed in the SDDC market are VMware, Inc., EMC Corporation, IBM Corporation, and Microsoft Corporation. The key strategies adopted by them include product launches, acquisitions and partnerships to strengthen their market position, improve their software services and expand their geographic presence. For example, in 2016, VMware released the new enterprise-proven hyperconverged stack, EVO, to enable a smooth, high-performance infrastructure for SDDC.
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