Software-Defined Anything (SDx) Market 2019 Global Analysis, Size and Applications 2024

The report on the global Software-Defined Anything (SDx) Market covers Industry Size, market valuation by segmentation as well as region, historical trends, dynamics, country-level analysis for every segment, key Vendor’s share analysis, competitive lands

(EMAILWIRE.COM, January 29, 2020 ) MarketsandMarkets forecasts the global SDx market size to grow from USD 51.7 billion in 2019 to USD 160.8 billion by 2024, at a CAGR of 25.5% during the forecast period. The major factor expected to drive the growth of the SDx market is the 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. Large-scale IT infrastructure users such as cloud service providers, telecommunication operators, and enterprises are increasingly using SDx solutions.

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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).

North America to hold the largest market size during the 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.

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