The software defined data center (SDDC) market is expected to reach $320.59 Billion by 2030, according to a new study released by Allied Market Research. Because of the cost-effective solution given for automating data center operations while boosting security, SDDC is becoming more popular in industries such as BFSI, retail, telecom & IT, and healthcare. This, in turn, would stimulate market expansion.
The breakout of the COVID-19 pandemic also had a favorable influence on the worldwide software defined data center market’s growth.
The worldwide software defined data center market earned $39.45 billion in 2020, according to Allied Market Research, and is expected to reach $320.59 billion by 2030, rising at a CAGR of 23.7 percent from 2021 to 2030.
North America, Asia-Pacific
According to deployment mode, the public sector had the greatest market share in 2020, accounting for about three-fifths of the total market share, and is predicted to maintain this position throughout the forecast period. However, from 2021 to 2030, the hybrid category is expected to grow at the fastest rate of 25.4 percent.
In terms of revenue, North America contributed the most in 2020, accounting for more than one-third of the overall market share. Asia-Pacific, on the other hand, is expected to grow at the quickest rate of 26.9% over the projection period.
Citrix, Cisco, IBM, Microsoft, Hewlett Packard Enterprise, SAP, Oracle, Dell, VMware, and Datacore Software are among the leading competitors in the worldwide software-defined data center market studied in this SDDC market research.