Software Defined Infrastructure Market Share To Grow Due to Rising Adoption of Advanced IT Infrastructure (SARS-CoV-2, Covid-19)
Software Defined Infrastructure Market Share
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Software Defined Infrastructure Market Share. The growth sectors of the Software Defined Infrastructure Market Share are identified with precision for a better growth perspective.
Market Research Future has determined that the global software defined infrastructure market is expected to register growth at a promising CAGR of 22% during the assessment period from 2017 to 2023. The projected growth of the market indicates that the global SDI market is expected to reach an evaluation of USD 95 Bn by the end of 2023. Software-defined infrastructure or SDI is the definition of technical computer infrastructure which is entirely controlled by software and operations are independent of hardware specifics.
The deployment of SDI has numerous advantages for an organization. Software-defined infrastructure reduces capital expenditure and can automate manual resource provisions. SDI also increased computing flexibility, agility and several others. Reduced capital expenditure due to the adoption of SDI occurs due to the deployment of virtualization and cloud technologies. SDI facilitates the smooth running of organizations as it automates various processes making them more efficient. Moreover, SDI is helpful in improving the management of security, in increasing the productivity and the minimization of manual errors. The increasing demand for advanced IT infrastructure is a key driver of the market. The prominent rise of cloud computing and the presence of reduced capital expenditure is expected to drive the market substantially during the projection period. Additionally, SDI helps improve scalability, and many market players present in the global market are actively and consistently innovating on product offerings. Advancement of IT technology is expected to drive market growth over the assessment period further.
A noted lack in professionals with sufficient knowledge and expertise in the field of SDI is expected to deter market growth over the forecast period. However, due to the presence of multiple opportunities, the market is expected to grow exponentially, and market challenges are likely to be mitigated to some degree.
Market Segmentation
The global software defined infrastructure market has been segmented on the basis of solution, services, vertical, and region. Solutions have been segmented into software-defined storage (SDS), software-defined networking (SDN), software-defined computing (SDC), and others.
Services have been segmented into consulting services, managed services, integration, and deployment services.
Verticals, where SDI is adopted, include retail, telecom, manufacturing, healthcare, transportation, defense, government, and others.
Regions covered in MRFR’s report include Asia Pacific, North America, Europe, and the Rest of the World.
Regional Analysis
Among the leading regions covered in the report, the global software defined infrastructure market is led by the North American regional market. The presence of several leading market players and innovators combined with the increase in deployment of SDI in data centers in the North American market drives the regions considerable growth. North America is followed by Europe in terms of market value. However, the Asia Pacific is expected to grow at the highest CAGR during the forecast period. this is largely due to the presence of several opportunities for growth. Emerging economies in the region such as Taiwan, China, and India are increasingly witnessing deployments of advanced IT technology which is expected to have a positive impact on the global SDI market.
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Software Defined Infrastructure Market Research Report - Forecast to 2023| MRFR
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