Enterprise size (Large Enterprise, SMEs)
The global software-defined data center market is segmented and analyzed for demand and supply by enterprise size into large enterprises, and small & medium enterprises (SMEs). Out of the two enterprise sizes of the software-defined data centers, the SME segment is estimated to gain the largest market share of about 64% in the year 2037. The growth of the segment can be attributed to the surge in the number of SMEs globally owing to favorable government initiatives as well as the increasing trend of start-up businesses worldwide. For instance, it was found that there were around 330 million SMEs globally in 2020, a small increase from approximately 325 million in 2019.
Industry (IT & Telecom, BFSI, Government, Energy & Utilities, Retail & E-Commerce, Manufacturing, Healthcare)
The global software-defined data center market is also segmented and analyzed for demand and supply by industry into IT and telecom, BFSI, government, energy & utilities, retail & e-commerce, manufacturing, healthcare, and others. Amongst these segments, the IT & telecom segment is expected to garner a significant share of around 40% in the year 2037. The growth of the segment can be attributed to the rapid development of the IT & telecom sector owing to rising digitalization worldwide together with the adoption of the various latest communication technologies such as 5G. For instance, as per estimations the investment in digital transformation worldwide is expected to almost double between the years 2022 to the year 2025 from nearly USD 1.8 trillion to around USD 2.8 trillion.
On the other hand, the BFSI segment is projected to witness a massive CAGR during the forecast period, owing to the rising adoption of cloud strategy to improve scalability, agility, and data security. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
By Component |
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By Enterprise Size |
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By Industry |
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Author Credits: Abhishek Verma
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