APAC software-defined market to grow faster than anywhere else
Software-defined this, software-defined that. It’s become an integral part of all modern organisations striving for agility – or even just to survive.
A study from Research and Markets put forward a global forecast for the software-defined anything market to 2022.
The market is estimated to grow rapidly and to great heights, largely because of centralised security control throughout the enterprise, dynamic provisioning of networking resources, reduced operational cost, easy Quality of Service implementation, and unified cloud resources.
Research and Markets have segmented the software-defined anything market on the basis of technology as software-defined network (SDN), software-defined data center (SDDC), and software-defined storage (SDS). Of these segments, SDS technology is expected to grow at the highest rate because of exponential growth in the volume of data across enterprises and cost optimisation hardware.
In terms of geographic regions, North America is considered to be the largest market for software-defined anything solutions. This is because of various factors, including technological advancements and early adoption of software-defined anything related technologies in the region.
The global software-defined anything market is estimated to grow at a compound annual growth rate (CAGR) of 31.72 percent. However, of all the regions, the market in APAC is expected to grow at the CAGR between now and 2022.
This has been put down to the greater utilisation of software-related technologies such as SDN, SDDC, and SDS, which is expected to drive the adoption of software-defined anything in the region.
According to the study, the key players in the software-defined anything market around the world are:
- VMware Inc. (U.S.)
- Microsoft Corp. (U.S.)
- Cisco Systems Inc. (U.S.)
- Hewlett Packard Enterprise Co. (U.S.)
- IBM Corp. (U.S.)
- and Citrix Systems Inc. (U.S.)
- EMC Corp. (U.S.)
- NEC Corp. (Japan)
- Fujitsu Ltd. (Japan)
- Juniper Networks Inc. (U.S.)
- Western Digital Corp. (U.S.)
It certainly spells interesting times for the software-defined anything market both now and in the future, promoting change and innovation.