According to IMARC Group’s latest report, titled “Software-Defined Anything Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, The global software-defined anything market grew at a CAGR of 28% during 2014-2019. Software-defined anything (SDx) stands for an advanced technique which controls multiple networks through virtual, automated solutions instead of conventional hardware devices. It helps in establishing a compatible framework for numerous network topologies as well as complex data-intensive applications. Software-defined anything provides faster network operations, cost optimization, centralized data security, enhanced flexibility, etc. As a result, it finds extensive applications across diverse industries, including BFSI, healthcare, telecom, IT, transportation, etc.
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The global market is primarily driven by the growing prominence of Software-defined Data Center (SDDC). Additionally, the continuous upgradation of existing data centers with virtual networking systems and cloud-based services is also augmenting the demand for SDx. Besides this, the rising adoption of software-defined networking (SDN) across both private and public sectors based on Big data and cloud computing technologies is further catalyzing the market growth. Additionally, the increasing concerns over complex IT infrastructure management and computing issues will continue to drive the global market for SDx solutions in the coming years. Looking forward, IMARC Group expects the global software-defined anything market to continue its strong growth during the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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