According to a new market research report "Software-Defined Anything (SDx)Market by Type (SDN, SD-WAN, and SDDC), End User (Service Providers andEnterprises (BFSI, Retail, Healthcare, Education, Government, andManufacturing)), and Region - Global Forecast to 2024", published byMarketsandMarkets, the global SDx Market size is expected to grow from USD 51.7billion in 2019 to USD 160.8 billion by 2024, at a Compound Annual Growth Rate(CAGR) of 25.5% during the forecast period.
Browse 65 market data Tables and 48 Figures spread through 176 Pages andin-depth TOC on "Software-Defined Anything (SDx) Market by Type (SDN, SD-WAN, and SDDC), End User (ServiceProviders and Enterprises (BFSI, Retail, Healthcare, Education, Government, andManufacturing)), and Region - Global Forecast to 2024"
The major factor expected to drive the growth of the Software-DefinedAnything (SDx) Market is theincreasing demand for virtualization and cloud in data centers, which ispropelling the adoption of SDx solutions. Hence, enterprises owing to theirability are providing unified management of all data center components, such asnetworking, server, storage, security, and other resources. Large-scaleInformation Technology (IT) infrastructure users, such as cloud serviceproviders, telecommunication operators, and enterprises, are increasingly usingSDx solutions.
Software-Defined WideArea Network (SD-WAN) segment to record the highest growth rate during theforecast period
Under the SDX type segment, the SD-WAN segment is expected togrow at the highest growth rate during the forecast period. With the growingneed for simplification of the network traffic management, organizations arewidely adopting SD-WAN solutions that help in decoupling the data and controlplane and providing centralized management to the network administrators. Alongwith this, digital transformation and increasing network traffic, and theemergence of 5G, Internet of Things (IoT), and Machine-to-Machine (M2M)communications are expected to fuel the growth of SD-WAN solutions’ adoption.
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Service providers torecord the highest growth rate during the forecast period
In the SDx Market by end user, service providers are expectedto record the highest growth rate during the forecast period. The growth can beattributed to increasing trend of the adoption of SDx solutions among telecomand cloud service providers. SDx solutions offer the capabilities that haveboosted the overall network capacity potential by delivering flexibility inbandwidth and virtualization capabilities (of software, networking, andstorage).
North America to holdthe largest market size during the forecast period
North America is expected to hold the largest market size inthe global Software-Defined Anything (SDx) Market during the forecast period. The US has emerged as the largestcountry in terms of market size, due to the large-scale digitization oforganizations and enterprises in the country. The pace of technology adoptionin the US is high, helping organizations virtualize their IT infrastructure andfacilitate network management, attributing to the fast growth of the SDx Marketin the US.
Key and emerging market players in Software-Defined Anything (SDx) Market include Cisco (US), Dell EMC(US), HPE (US), IBM (US),VMware (US), Huawei (China), Juniper Networks (US),Microsoft (US), Nokia (Finland), Oracle (US), Aryaka Networks (US), Big SwitchNetworks (US), Citrix (US), Extreme Networks (US), Infovista (France), NEC(Japan), Nutanix (US), Pluribus Networks (US), Red Hat (US), Silver PeakSystems (US), SUSE (Germany), Adaptiv Networks (US), Arista Networks (US),Bigleaf Networks (US), CloudGenix (US), Cumulus Networks (US), DataCoreSoftware (US), DataDirect Networks (US), FatPipe Networks (US), flexiWAN(Israel), Fortinet (US), Fujitsu (Japan), HiveIO (US), Lavelle Networks(India), Lenovo (Hong Kong), Martello Technologies (Canada), Maxta (US),Mushroom Networks (US), NetApp (US), Peplink (US), Pica8 (US), Pivot3 (US),Riverbed (US),Scale Computing (US), StarWind Software (US), StorMagic (UK),Stratoscale (Israel), Veeam Software (Switzerland), Versa Networks (US), andZenlayer (US).
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