Software-Defined Everything (SDE) refers to systems controlled by advanced software components constructed in a virtual space and include technologies such as software-defined storage, software-defined networking and software-defined data centers.
The global Software Defined Everything Market is anticipated to grow to USD 143 billion at a 29.47 % CAGR by the end of the forecast year of 2022.
Major Key Players:
The key players in the global software defined everything market are Dell Inc. (U.S.), Metaswitch Networks (U.K), VMware Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Riverbed Technology (U.S.), Extreme Networks (U.S.), Nexenta Systems Inc. (U.S.), Silver Peak (U.S.), Pivot3 (U.S.), Infoblox (U.S.) and others.
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Market Dynamics Drivers:
Technology drivers such as rapid growth in software technology and flexibility, which needs a heterogeneous environment and capability to integrate diverse applications and systems from any software vendors.
Software defined everything also can deliver complete solution to create competitive differentiation, thus adding more value. Consolidation of different IT infrastructure by centralizing into a single platform is another advantage offered by the technology. These benefits result in reduced cost and reduction in infrastructure deployment time, faster scaling of shared resources, and reduces hardware costs due to increase in efficiency as it allows better utilization of resources by automation. The increased efficiency of data centers renders a fall in infrastructure cost. All these benefits result in greater business agility, lover capital and operational expenditure flexibility, scalability, and strong infrastructure base.
High cost of installation, nascent stage of technology, issues of integration, and high cost of maintenance coupled with the issues of updating are the critical restraints on the market.
Fast uptake of latest technology, strong information network and presence of global players are the determinants of the dominance of the North America. North America market is expected to grow to USD 33.52 billion by the end of forecast period led by the U.S. Europe accounts for the second largest market share led by the U.K., Germany, France and Italy. The market is expected to shift towards the Asia Pacific region led by Japan, China and India. The faster growth of the information technology sector in the Asia Pacific countries of China and India are the strong drivers of the regions market.
The Middle East and Africa region is expected to be a laggard owing to poor information technology sector and poor industrial growth.
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The global software defined everything market is segmented on the basis of type, application and region, so as to educate the reader of the differential potential of the market across these segments.
Based on types, the market has been segmented by software defined networking, software defined storage, and software defined data center. Software-defined networking (SDN) holds the largest share of the market and is also expected to generate the fastest growth during the forecast period.
Based on application, the market has been segmented as BFSI, IT and Telecommunication, Healthcare, Retail, Manufacturing, and others.
Based on regions the market has been segmented as North America, Europe, Asia Pacific, Middle East and Africa.
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