The CAGR for the global software-defined infrastructure market is projected to be 23% for the time period that this report covers. It’s expected to be worth USD 143.12 billion in 2030.Â
The software-defined infrastructure uses software to manage IT infrastructure. It consists of many components. These include networking, storage, and computing. Hardware and software each have different versions of these components.
Many organizations are already using software-defined infrastructure (SDI) and many more are following. There’s a reason for this. The organizations that use SDI find that they save lots of money because they don’t have to employ as many people. These companies find that their productivity increases dramatically because they can automate routine functions which humans may find tedious and hence sometimes perform incorrectly. Doing so does more than help these organizations save money. It also increases their productivity. The forecast predicts that the market will see a huge growth in the time period 2022-2030.
COVID-19 is a dangerous virus. It has done more than make some people extremely ill and result in a few deaths. The virus is rapidly changing the world’s destiny. The world is becoming much more digital mainly because of COVID-19.
The effects of COVID-19 were mainly witnessed last year when governments enacted temporary lockdowns and quarantines in an attempt to contain the spread of the virus. The effects on most businesses were far from temporary though. Most businesses in most industries around the world found that they had to either temporarily halt production or dramatically scale it back. Some businesses were forced to shut their doors permanently because of this.
The companies in the SDI market were no exception. There was far less demand for software-defined infrastructure mainly because people were working from home much more often. Thus, manufacturers in the software-defined infrastructure (SDI) market were forced to resort to innovative and creative strategies to continue to remain in business.
Many factors are driving growth in the software-defined infrastructure market. The first is the fact that more organizations want their IT infrastructure to function and sync together better. The second is the fact that many more companies are using AI and joining the cloud than in the past.
Companies in the global SDI market are investing much more in research and development. The objective is to develop better infrastructure that will work better in the cloud, increase productivity, and allow companies to save even more money in the future by automating certain routine and repetitive tasks.
There just aren’t enough personnel who is trained and skilled in terms of adequately handling software-defined infrastructure. This is a key restraint for the global software-defined infrastructure market.
Perhaps the greatest challenge that companies in the global SDI market face lie in trying to develop software-defined infrastructure that is more effective but operates at a level and in a way that the global masses can understand.
The CAGR for the global software-defined infrastructure market is projected to be 22% for the time period that this report covers. It’s expected to be worth USD 95 billion in 2023. The market is currently worth USD 6.5 billion.
Nexenta Systems is a major American player in the global software-defined infrastructure market. It leads the industry because it invested heavily in research and development. Thus, it was able to develop more innovative and useful products that not only gave it a sustained competitive advantage but allowed it to sell much more.
By Solution
The global software-defined infrastructure market can be grouped into the following sub-segments based on the solution:
By Services
The global software-defined infrastructure market can be grouped into the following sub-segments based on services:
Most companies are seeking consulting companies when it comes to doing software-defined infrastructure.
By Vertical
The global software-defined infrastructure market can be grouped into the following sub-segments based on vertical:
The BFSI and retail sub-segments are expected to have the highest SDI market growth rate for the time period that this report covers.
The global software-defined infrastructure market can be grouped into the following regions:
The North American region enjoys the largest market share in the global software-defined infrastructure market. The European Union comes in second place. The reason why the North American region leads in terms of market share is that it has a high concentration of large companies in the software-defined infrastructure industry. The companies in this region are also migrating towards using software-defined infrastructure at a rapid pace.
The Asia-Pacific region has the highest SDI market growth rate for the time period that this report covers. There are many reasons for this. The first is that the IT sectors in most of these countries are growing exponentially. Also, many companies in this region are migrating to the cloud and services that need software-defined infrastructure. The reason for this high growth is that the economies of most of the countries in this region are growing at breakneck speed.
Japan, in particular, has companies that are using Network Function Virtualization and Software Defined Networking. This is also a major factor that’s driving growth in the software-defined infrastructure market in the Asia-Pacific region.
The global software-defined infrastructure market is extremely competitive. That said, the market has a high growth rate and is extremely lucrative. These factors are encouraging many larger companies to enter the industry. These companies have larger treasuries, therefore they can afford to spend much more to enter the Software-defined Infrastructure market.
Companies are finding that they have to invest heavily in research and development if they want to remain financially and economically viable. They can develop and market those superior products that will do more than allow them to justify selling their products and services at higher prices than the competition. It will also allow them to create a sustainable competitive advantage.
These companies find that investing in research and development allows them to develop better products that will allow them to enter new markets without facing many challenges or obstacles.
Companies also find that entering into strategic partnerships with other successful companies helps them by expanding their resources bases. They have more resources that allow them to do more intensive research and development. They can create a sustainable competitive advantage and sell much more than the competition would be able to.
Mergers and acquisitions with other strategic companies also help companies survive in the software-defined infrastructure market. They increase their resource pools and this allows them to invest much more in research and development. They increase their manpower, especially in the research and development and marketing departments.
Mergers and acquisitions also help the resulting companies engage in more aggressive and innovative/creative marketing. Thus, they can enter into newer markets easily. They can also strengthen his position in existing markets. Companies that engage in many mergers and acquisitions are also able to create a sustainable competitive advantage that, if leveraged correctly, will allow them to become the leaders in their respective industries.
Cisco Systems is a major American company in the global software-defined infrastructure market. It is more than a major industry leader, it is a recognized global company. Cisco Systems is at the forefront of innovation because it invests heavily in research and development. Thus, the company is able to develop newer and better products and applications with more innovative uses.
The CAGR for the global software-defined infrastructure market is projected to be 22% for the time period that this report covers. It’s expected to be worth USD 22 billion in 2023. The market is currently worth USD 95 billion
The North American region currently leads in the software-defined infrastructure market. It is followed by the European Union. The Asia-Pacific region is currently registering the highest growth rate. It’s mainly because of high economic growth in countries throughout the region. The market is reviving from the adverse effects of the pandemic and will soon see immense growth as per this forecast.
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