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High investment in data center IT infrastructure in the developing countries to offer high growth opportunities in SDDC market

(IT-NEWSWIRE.COM, August 23, 2017 ) According to new market research report "Software-Defined Data Center (SDDC) Market by Solution (SDN, SDS, SDC, and Application), Services (Consulting, Integration and Deployment, and Managed Services), Data Center Type, Verticals, and Regions - Global Forecast to 2021", is estimated to grow from USD 25.61 Billion in 2016 to USD 83.21 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 26.57%.
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Early buyers will receive 10% customization on reports.

Software-Defined Networking (SDN) to grow at the highest CAGR

The market, by solution, has been segmented into Software-Defined Networking (SDN), Software-Defined Storage (SDS), and Software-Defined Compute (SDC). SDN is expected to witness the highest CAGR during the period 2016 to 2021. SDN enables integrated management of enterprise resources, centralized security control throughout the enterprise, dynamic provisioning of networking resources, reduced operational cost, easy Quality of Service (QoS) implementation, and unified cloud resources. These are driving the market and their benefits are anticipated to help in propelling the SDN market at the highest CAGR during the forecast period.

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“Managed service market to grow at the highest rate during the forecast period”

The market, by services, has been segmented into consulting, integration and deployment, and managed services. Managed services are expected to grow at the highest CAGR over the forecast period owing to the rapid adoption of SDDC solutions in large enterprises, which require third party assistance for managing and controlling the SDDC infrastructure.

North America is expected to dominate the SDDC market during the forecast period

The SDDC market segments the global market on the basis of regions, which include North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest share of the SDDC market in 2016 due to the technological advancements and early adoption of SDDCs in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and growing data center traffic providing huge opportunities across industry verticals in APAC countries, especially India, China, and Japan.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include, VMware, Inc. (U.S.); Microsoft Corporation (U.S.); HPE Co (U.S.); EMC Corporation (U.S.); Cisco Systems, Inc. (U.S.); Hitachi, Ltd. (Japan); IBM Corporation (U.S.); Fujitsu, Ltd. (Japan); NEC Corporation (Japan); and Citrix Systems (U.S.).

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About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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