Software Defined Data Center Market: Regulatory Framework and Compliance Issues

 The size of the global software-defined data center market was USD 32.73 billion in 2020, and it is anticipated to increase by USD 39.38 billion in 2021 and USD 169.99 billion in 2028, for a compound annual growth rate (CAGR) of 23.2%. According to our analysis, the global market grew by a higher rate of 19.6% in 2020 than it did on average between 2017 and 2019. The pandemic's effects on demand for SDDC products and solutions have been positive across all regions, according to the global impact of COVID-19. When the pandemic is over, this market's demand and growth will resume to pre-pandemic levels, which will explain the increase in CAGR.

The market is being driven by digitization and rising internet usage. Additionally, the market for software-defined data centers (SDDCs) has expanded in recent years due to an increase in multi-cloud strategies among businesses and the adoption of both new and old technologies, like 5G and the Internet of Things (IoT), across a variety of industrial verticals. The demand for SDDCs is increasing along with their sophistication due to the need to increase infrastructure durability and service uptime. Additionally, businesses are increasingly choosing SDDCs to store their vital corporate data, which supports the expansion of the software-defined data center market.

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Information about the report:

  ATTRIBUTE

DETAILS

Study Period

2017-2028

Year of Base

2020

Predicted Year

2021

Forecasting Period

2021-2028

Historical Timeframe

2017-2019

Rate of Growth

23.2% CAGR between 2023 and 2028

Unit

Value (USD Billion)

Segmentation

By Industry, Application, and Geography

Analyses of the worldwide Software Defined Data Center Market are conducted across regions, end-user industries, and material types. The study includes a thorough examination of segments and their sub-segments with the aid of tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.

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