CHICAGO, Aug. 2, 2024
/PRNewswire/ -- The Software-defined Anything (SDx)
Market size is projected to grow from from USD 44.5 billion in 2024 to USD 130.9 billion by 2029, at a CAGR of 24.1%
during the forecast period, according to a new report by
MarketsandMarkets™. SDx technologies will result in lower capital
and operating costs because of more efficient use of resources and
the automation of many operations in the network. This efficiency
makes SDx appealing to organizations that would like to reduce
expenses without costly down-scales in capacities.
Browse in-depth TOC on "Software-defined Anything (SDx)
Market"
367 - Tables
59 - Figures
305 - Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2018-2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD)
Billion
|
Segments
Covered
|
Offerings, End-Users,
Applications and Region
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America
|
Companies
covered
|
Cisco Systems (US), IBM
(US), Broadcom (US), Hewlett Packard Enterprise (US), Juniper
Networks (US), TIBCO Software (US), Arista Networks (US), Nutanix,
Inc. (US), Huawei (China), Nokia Corporation (Finland), Extreme
Networks, Inc. (US), Riverbed Technology (US), Ericsson (Sweden),
Oracle (US), Fortinet (US), Palo Alto Networks (US), Pica8 (US),
Versa Networks (US), Aryaka Networks Inc., (US), StarWind Software
Inc. (US), flexiWAN (Israel), StorMagic (UK), Scale Computing (US),
Peplink (US), Lavelle Networks (India), and Bigleaf Networks
(US).
|
Based on offering, the solutions segment holds the largest
market size during the forecast period
In the context of SDx market, solutions are the key elements
that are enabling the change in the infrastructure of the IT and
improving the capabilities of the networks of different business
sectors. This segment includes SD-WAN, SDN, SDDC and other special
purpose tools, and all of them are aimed at solving some problems
and working with improved efficiency. SD-WAN offers increased
connection and business functionality by improving the WAN services
and application experiences in the distributed sites. SDN is the
development of software defined capability of networks and creates
control plane for application that can change dynamically to
variable requirements with flexible capability. SDDC combines
computing, storage and networking services into a single solution,
which optimizes data centre operation and utilisation of the
available services. Furthermore, niche products such as SDSec and
SD-Access primarily deal with security and network access delivery,
thereby providing optimal security to the organization's
network.
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Based on offering, the services segment is expected to grow
with the highest CAGR during the forecast period
In the SDX market, services hold significant importance due to
the fact that they facilitate the implementation of the
software-defined solutions and help in their smooth management. The
services considered are the professional services and managed
services; these support the implementation and operationalization
of the technologies that constitute SDX. Additionally, the
professional services are subdivided into consulting, deployment
integration, and support, and maintenance. Such services help
organizations to implement and adapt approaches such as SDN,
SD-WAN, and SDDC depending on the organization's demand. However,
managed services focus on the constant provision of SDX
environments and the provision of services such as surveillance,
upkeep, and performance enhancement. These functions can be
outsourced while the businesses concentrate on their core
activities and at the same time, they will have their software
defined systems managed by experts. Collectively these services are
crucial for SDx solutions implementation, management, and
enhancement, making it easy to achieve digital transformation and
operational excellence.
Asia Pacific is expected to
grow with the highest CAGR during the forecast period
SDx market in Asia Pacific is
fast growing due to increased digital transformation strategies,
cloud services, and data center construction. Business are adopting
SDx technologies including, SDN, SDS, and SDDC to enhance IT
architectures and effectiveness in operations. Some of the main
predictors of this growth include the favourably increasing need
for scalable and flexibly for infrastructure and data centers in
the region. However, despite these benefits, integration
complexity, security issues, and shortage of talent also remain as
the major issues. The market is expected to expand significantly in
countries like China, Japan, and
India, owing to the increasing
economic development of these nations and the growing digital
environment.
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Top Companies in Software-defined Anything (SDx)
Market:
The SDx Market comprises major providers such as Cisco Systems
(US), IBM (US), Broadcom (US), Hewlett Packard Enterprise (US),
Juniper Networks (US), TIBCO Software (US), Arista Networks (US),
Nutanix, Inc. (US), Huawei (China),
Nokia Corporation (Finland),
Extreme Networks, Inc. (US), Riverbed Technology (US), Ericsson
(Sweden), Oracle (US), Fortinet
(US), Palo Alto Networks (US), Pica8 (US), Versa Networks (US),
Aryaka Networks Inc., (US), StarWind Software Inc. (US), flexiWAN
(Israel), StorMagic (UK), Scale
Computing (US), Peplink (US), Lavelle Networks (India), and Bigleaf Networks (US). To increase
their market share in the SDx industry, these competitors have used
a variety of growth methods, including partnerships, agreements,
collaborations, new product releases, product enhancements, and
acquisitions.
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Anything (SDx) Companies and Software-defined Anything
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