According to a research report "Software-Defined Anything (SDx) Market is driving by increasing demand for virtualization and cloud in data centers, which is propelling the adoption of SDx solutions. Hence, enterprises owing to their ability, are providing unified management of all data center components, such as networking, server, storage, security, and other resources. Software-Defined Anything (SDx) Market define, describe, and forecast by type, end user, and region - Global Forecast to 2024" published by MarketsandMarkets. The software-Defined Anything (SDx) market size is expected to grow from USD 51.7 billion in 2019 to USD 160.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 25.5% during the forecast period.
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Software-Defined Wide Area Network (SD-WAN)
segment to record the highest growth rate during the forecast period
Under the SDX type
segment, the SD-WAN segment is expected to grow at the highest growth rate
during the forecast period. With the growing need for simplification of the
network traffic management, organizations are widely adopting SD-WAN solutions
that help in decoupling the data and control plane and providing centralized management
to the network administrators. Along with this, digital transformation and
increasing network traffic, and the emergence of 5G, Internet of Things (IoT),
and Machine-to-Machine (M2M) communications are expected to fuel the growth of
SD-WAN solutions’ adoption.
Service providers to record the highest
growth rate during the forecast period
In the SDx market by end user, service
providers are expected to record the highest growth rate during the forecast
period. The growth can be attributed to increasing trend of the adoption of SDx
solutions among telecom and cloud service providers. SDx solutions offer the
capabilities that have boosted the overall network capacity potential by
delivering flexibility in bandwidth and virtualization capabilities (of
software, networking, and storage).
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North
America to hold the largest market size duringthe forecast period
North
America is expected to hold the largest market size in the global SDx market
during the forecast period. The US has emerged as the largest country in terms
of market size, due to the large-scale digitization of organizations and
enterprises in the country. The pace of technology adoption in the US is high,
helping organizations virtualize their IT infrastructure and facilitate network
management, attributing to the fast growth of the SDx market in the US.
Key
and emerging market players 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 Switch Networks (US), Citrix
(US), Extreme Networks (US), Infovista (France), NEC (Japan), Nutanix (US),
Pluribus Networks (US), Red Hat (US), Silver Peak Systems (US), SUSE (Germany),
Adaptiv Networks (US), Arista Networks (US), Bigleaf Networks (US), CloudGenix
(US), Cumulus Networks (US), DataCore Software (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), and Zenlayer (US).
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