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The global software defined data center market is expected to reach USD 259.10 billion by 2024LONDON, Nov. 17, 2017 /PRNewswire/ -- Software Defined Data Center (SDDC) Market Size and Forecast, By Network Solution (SDN, SDS, SDC), By end-use (Large-Scale, Medium-Scale, Small-Scale), By Network Services (Consulting & Assessment, Integration & Deployment Migration, Managed Services), By Industry (IT & Telecom, Retail, Healthcare, BFSI & Government, Manufacturing) and Trend Analysis, 2014 - 2024 Over the forecast period, Asia Pacific region is expected to consolidate its position in the SDDC market growing at a CAGR of 36.7%, driven on the basis of prevailing adoption by businesses in the region. Much of growth in the Asia Pacific region is expected to rise from countries such as India and China, where the focus is on optimizing processes. Over the past few years, the market has also witnessed growing adoption of SDDC by small and medium scale businesses, besides large businesses which have been the key early adopters of SDDC. In terms of deployment among the various industries, BFSI & government segment commanded the major share in 2016. The demand from the segment is projected to increase over the forecast period as it enables companies to reduce their existing data center specific capital expenditure and provide enhanced service quality and efficiency. However, the difficulty in integration of SDDC with the existing IT infrastructure can hinder the growth of SDDC market. Another potential challenge in its growth can be the migration of operations, as organizations may not feel the need to switch to SDDC, and may continue with their existing infrastructure. Besides, there is an upfront cost associated with the implementation of SDDC, which may limit its adoption mainly among medium to small scale businesses. Key players in the global market include IBM, Microsoft, Hitachi, and Cisco. Download the full report: https://www.reportbuyer.com/product/5205098 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-global-software-defined-data-center-market-is-expected-to-reach-usd-25910-billion-by-2024-300558609.html SOURCE ReportBuyer |