The Software Defined Everything Market was valued at USD 14.569 billion in 2022 . Global Software Defined Everything (SDx) Market is predicted to touch USD 59.831 Billion at a stellar 17.0% CAGR between 2022- 2032, reveals the Market Research Future’s (MRFR) software defined everything market forecast report. The strong software defined everything market growth is due to the growing awareness about SDx technology among organizations.
Figure 1: Software Defined Everything Market Size, 2022-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
February 2023- A new software-defined networking (SDN) controller created by Nokia lately has boosted the network of global communications platform provider BICS.
In addition to enhancing user experience overall and setting the framework for 5G network slicing, the latest intelligence module automates the best traffic routing on the network. Across its worldwide network, the new SDN controllser will be utilized to manage capacity & flow routing. The controller constantly adjusts and optimizes traffic flow by keeping track of routing pathways throughout the network and making choices accordingly. The SDN has been modified to produce a custom model for the use cases catered to the requirements of BICS.
Despite the fact that this action would immediately improve BICS' network even more, it will also pave the path for future 5G technology use cases such as bandwidth calendaring & network slicing. These use cases result in more intelligent bandwidth usage across 5G networks, opening up new possibilities for satisfying the expanding connection needs of businesses. This better network distribution can be planned at certain intervals, such as "calendaring" bandwidth every month for a cloud data backup, or it can function on the application level, like a network slice especially for public safety applications.
To handle local & roaming traffic slices, the SDN controller will be a crucial part of BICS as the industry scales up the implementation of 5G network slicing. This is especially important because 5G technology slicing use cases now only allow local traffic, which makes it possible for global connectivity use cases in the future. The adoption of 5G and future large-scale slicing by operators will be necessary for this subsequent level of innovation. This breakthrough will have a more immediate effect on BICS' network by improving its ability to support important and low-latency applications.
Luckily, the software defined everything industry has escaped the brunt of the ongoing COVID-19 outbreak. The key driver behind the positive growth of the market is the increasing use of big data. This crisis has brought together data scientists, doctors, and researchers to discover solutions. Researchers are making the most of technologies like machine learning and big data during the present pandemic. Owing to the increase in coronavirus cases across the globe, analyzing the records of every patient as well as offering a solution to prevent its spread is indeed problematic. It is here where big data comes as a savior. It helps to analyze datasets and identify patterns that can help to detect COVID-19.
The COVID-19 outbreak within a brief time span has affected markets and the behavior of customers and, at the same time, has also made a big impact on societies and economies. Following the shutdown of manufacturing facilities, educational institutions, and offices, businesses are on the lookout for technologies that can help them survive in these tough times. The usage of the internet too has been impacted. The utmost use of a VPN for teleconferencing and the trend of work from home has led to a massive surge in the use of the internet across the world. This situation has compelled IT infrastructure providers to use SDN. The amount of data that are generated through online surfing including video games and streaming of videos, needs cloud services and data centers. All these are likely to have a positive impact on the software defined everything market size.
The growing need to curtail IT spending as per changing business environments is likely to boost the software defined everything market demand over the forecast period.
Additional factors adding to the software defined everything market share include low maintenance cost, developing IoT and cloud computing market, cost optimization to manage hardware, the advent of software defined concept, growing adoption of cloud services among enterprises, rising adoption of software defined technologies like SDDC, SDN, SDI, SDS in telecom industries and information technology enabled services (ITES), growing awareness among organizations about software defined everything technologies, and increasing adoption by large-scale infrastructure users like enterprises, telecommunication operators, and cloud service providers.
The migration to cloud services from traditional data centers may offer robust opportunities to market players in the upcoming days.
Privacy and security issues may impede the software defined everything market revenues over the forecast period.
The dearth of technical skills may act as a major challenge for market players in the upcoming days. SDE is a process that is completely technology-driven thus needs high intelligence of personal staff in order to sustain and grow. Besides, the implementation of SDDC, SDS, and SDN also need IT professionals that are highly skilled. Further, the lack of cooling & enhanced power infrastructure to support the critical and powerful equipment, and lack of industry standards may also deter the market growth over the forecast period.
The global software defined everything market has seen segmented based on vertical, deployment, service, and technology.
By technology, the global software defined everything market is segmented into software defined data center (SDDC), software defined storage (SDS), and software defined networking (SDN). Of these, the SDN segment will lead the market over the forecast period.
By service, the global software defined everything market is segmented into consulting services, managed services, and deployment services.
By deployment, the global software defined everything market is segmented into cloud and on-premise.
By vertical, the global software defined everything market is segmented into healthcare, manufacturing, retail, IT and telecommunication, BFSI, and others. Of these, the IT and telecommunications segment is predicted to dominate the software defined everything market over the forecast period.
Geographically, the global software defined everything market is segmented into North America, Europe, the Asia Pacific (APAC), & the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Increasing developments in technology, presence of developed countries Canada and the US, early adoption of SDE technology in the US, presence of established vendors in Canada and the US, and rapid adoption of innovative technologies and infrastructure assisting organizations virtualize their IT infrastructure & facilitate advanced network management are adding to the global software defined everything market growth in the region.
In Europe, the global software defined everything market is predicted to hold the second-largest share over the forecast period. Booming telecommunication and IT industry in Italy, Germany, and the UK is adding to the global software defined everything market growth in the region.
In the APAC region, the software defined everything market is predicted to grow at the fastest pace over the forecast period. Rising data center traffic, growing adoption of new technologies, increasing awareness about software defined infrastructure in India, Japan, and China, increasing adoption of software defined everything technology among end users, increase in number of startups for steady economic growth, increase in business related demand, rapid spread of smartphones and the internet, and increasing use by enterprises to replace hardware that is outdated with software and cut down the price by mechanizing process control are adding to the global software-defined everything market growth in the region.
Global Software Defined Everything Market is highly fragmented and competitive in nature with the presence of many key players. These key players have encompassed strategies like mergers and acquisitions, partnerships, product launches, and strategic alliances to remain ahead and also cater to the consumer’s burgeoning needs.
Hyundai Motor Company introduced its software-driven, hydrogen-powered transformation mobility applications in January 2024.
Hewlett Packard (HP) Enterprise announced the completion of its takeover of Zerto, a provider of cloud data protection and management, for a net cash purchase cost of US$ 374 Million. This purchase instantly aligns the HPE GreenLake edge-to-cloud system with a solution in the high-growth data security industry and is expected to drive HPE's storage company into a software-defined, cloud-native information services business.
Boeing chose Leonardo to supply SWave Airborne SDX SRT-800 anything for the NATO countries' E-3A Airborne Warning and Control System (AWACS) aircraft fleet in April 2021. The contract was awarded under the FLEP (Final Lifetime Extension Programme) to extend the company's operational viability through 2035. The SRT-800 anythings can replace various previously separate avionic units, including UHF/VHF anythings, SATCOM, SINCGARS, and a crypto device.
Cisco has completed an acquisition of Acacia Communications, which is engaged in designing and distributing highly advanced optical connectivity solutions for regional networks as well as data center long-haul submarine metro networks in March 2021.
VMware bought Mesh7 in March 2021 to enhance security features on modern applications among consumers. VMware’s Virtual Cloud Network, built by VMware, is a next-generation network designed around application requirements that provide security and connectivity services programmatically based on those requirements. With this acquisition of Mesh7, VMware has improved their efforts towards ensuring that modern applications are more secure than ever before. Through Mesh7 technology acquired now by VMware it will be possible to deliver visibility discovery and enhanced API security measures.
General Dynamics Mission Systems introduced the URC-300 software-defined anything capable of supporting multiple waveforms and providing R.F support at ground-to-airline-of-sight-frequencies or for other mission-critical applications in October 2020.
Ultra Electronics was awarded a 10-year indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Navy on July 2020 for the Amphibious Tactical Communications System (ATCS) (Based on ORION SDX system). It will enable ship-to-ship, ship-to-shore and ship-to-ship C2 data and video communication. The initial order is worth USD 26.8 million, and the IDIQ contract has a ceiling value of approximately USD 145.38 million.
Report Scope
The global software defined everything market report by Market Research Future throws light on the current trends and niches in the industry. The report also lays emphasis on the various market drivers, opportunities, market restraints, and challenges, as well as offers insights for the forecast period. It also throws light on the different market segments for a comprehensive understanding of the reader.
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