North American Market Forecast
The market share of software-defined data centers in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 37% by the end of 2037. The growth of the market can be attributed majorly to the presence of giant software companies as well the rising investment to develop the IT infrastructure together with rising investment in computers and software besides the growing development of software with automated storage with a tremendous focus on hardware cost reductions. As per recent data of 2023, as per predictions, the overall value for private investment in computers & software is anticipated to hit USD 1274 billion in the United States by the year-end.
Europe Market Forecast
The European software-defined data center market is estimated to be the second largest, registering a share of about 23% by the end of 2037. The growth of the market can be attributed majorly to the radically evolving IT landscape in the region with the increasing number of organizations using software-defined data centers in order to increase IT agility besides reducing IT infrastructure complexity. Moreover, the growing investment by big software companies in the evolution of virtualization, container, and cloud services in the region is further anticipated to boost the market growth in the region.
APAC Market Statistics
Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The increasing number of data centers owing to various supporting economic conditions, such as tax benefits, favorable legislation for data centers, and good data privacy and protection rules in emerging economies such as China, India, and other developing nations of the region are boosting the growth of the software-defined data center market in the Asia Pacific region.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?