Software-Defined Data Center Market: By Component (Software, Hardware and Services), By Type (Software Defined Storage, Automation and Orchestration, Software Defined Computing and Software Defined Data Center Networking), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), By End User (Banking, Financial, Services and Insurance, Education, Government and Defense, Healthcare, IT and Telecom, Manufacturing, Retail and Others) and Geography

Software Defined Data Center Market size was valued USD 43.9 billion and is poised to grow at a CAGR of 22.9% from 2023-2029. Some of the key factors propelling the market growth include reduced OPEX and capex, increasing need for unified management, higher adoption of SDDC across industries, need for cost effective solutions, adoption of advanced data centre management software in various organizations, and increased data centre ability to centrally manage the entire data center. However, inefficient resource provisioning and data security while deploying SDDC are some key factors hindering the market growth. The software defined data centre (SDDC) is a software-based data storage facility in which all resources, such as storage, networking, and security, are merged and delivered as a software service. SDDC provides a secure user portal that uses web-based servers to effectively transmit data. It uses virtualization and cloud technology to allow end users to access information. Furthermore, SDDC offers an advanced data management system that monitors and backs up information. SDDC has seen increased adoption across industries such as BFSI, retail, telecom & IT, and healthcare due to exponential big data growth and cost-effectiveness. As a result of streamlined and automated software data centre operations, the SDDC industry is likely to grow rapidly in the near future. However, one of the primary challenges that the industry's players face is data security. Global software-defined data center market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In 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.