Software Defined Everything Market – Global Industry Analysis and Forecast (2023-2029)

Software Defined Everything Market size was valued at US$ 19.31 Bn in 2022 and the global Software Defined Everything revenue is expected to grow at 18.5% through 2022 to 2029, reaching nearly US$ 63.37 Bn.
Software Defined Everything Market Overview:
The term ‘Software-Defined’ means controlling single or multiple functions of a system using the software. When software-defined systems are implemented it always benefits businesses that are party to it. These benefits include lower operational costs, improved quality in products and services coupled with maximum efficiency. In other words, companies that use software-defined technologies always have a higher competitive advantage as compared to those that don’t. These software technologies include software-defined infrastructure, data centers, mobile networks, etc. software-defined services help businesses in the abstraction of their physical resources, automation of their systems, and implementing predictive algorithms for their systems.To know about the Research Methodology :- Request Free Sample Report

In this report, the software-defined everything market's growth reasons, as well as the market's many segments (Type, Organization Size, End-User), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the software-defined everything market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global software-defined everything market situation.
Market Dynamics:
One of the primary drivers of the software-defined market is investments from customer service providers in software-defined systems to automate their data centers, infrastructure, etc. The increase in the size and scope of network-based systems in recent years has generated a need for systems to manage entire systems through software. Software-defined systems attempt to solve these problems by giving more scalability to improve the overall efficiency.

A primary restraint in the global market is the high initial installation costs of software-based solutions. And even after the proper installations of these systems; these systems regularly need maintenance and handling for their optimum performance. Some companies prefer cost-cutting methods in these services which in turn compromises data centers and network infrastructures. This trend is expected to hamper the market in the forecast period (2023-29).

The increased endorsements of cloud and IoT systems by various companies is expected to be a major opportunity in the growth of the market. For example in November 2021, the US-based cloud service company Oracle and Telecom giant Bharti Airtel announced a collaboration to provide cloud solutions for more than 1 million enterprise consumers. Recent trends like these are expected to create opportunities for the software-defined market in the global scenario in the aforementioned forecast period.
Segment Analysis:
By Type, the software-defined networking segment is expected to dominate the market in the year 2029. The ‘consumerism of IT’ is a big factor in the domination of this segment. i.e. IT sector is constantly under pressure to accommodate the increasing number of personal device users without affecting their privacy. The emergence of the software-as-a-service system is also responsible for the growth of this segment.

The software-defined data center segment is expected to follow the networking segment in terms of growth in the forecast period (2022-2029). The colocation of different data centers at the same location to reduce the overall expenditure is projected to play a major role in the growth of this segment.

The software-defined storage segment has lucrative growth opportunities in the same forecast period. This growth can be attributed to data storage vendors customizing their software-defined systems as per the requirements of their consumers. The software-defined computing segment is also expected to have a substantial growth prospect due to the developments in the big data industry.

By End-User, the BFSI segment is expected to have the highest growth prospect in the same forecast period. This growth is since banking deals with large amounts of user data daily. The growing competition in the banking sector coupled with the rise of mobile banking apps is also responsible for the growth of this segment.

The service provider segment is expected to follow the BFSI sector in terms of growth. The software service provider market is expected to reach US$ xx Bn by the year 2029 at a CAGR of 18.50%. The support and maintenance services segment is expected to grow at the highest CAGR in the aforementioned forecast period. Software-defined services also have promising opportunities in the government sector. For example, the software technology park (STP) policy implemented by the government of India is a 100% export-based scheme for the development and exports of software and professional services.
Software Defined Everything Market Regional Insights:
The North American region dominated the global market in the year 2022. This can be attributed to high revenue from the software market from the United States in the same year with US$ 197.02 billion. This high revenue continued in the following year i.e. 2022 with US$ 205.27 billion. Another reason is that major software-defined services companies in the world revenue-wise e.g. Oracle and SAP are present in the United States.

The APAC region followed the North American market in terms of total software-defined services revenue. The primary reason behind these high growth prospects is governments from Asian countries like China rapidly developing critical infrastructures in their country. JD.com, one of China’s leading software companies was responsible for generating US$ 114.3 billion worth of revenue in the year 2022. The software segment accounted for nearly 8% of India’s GDP in 2022. According to a Gartner survey, software spending in India is expected to reach US$ 93 billion in 2022. Leading software firms from India e.g. TCS, Infosys, Wipro, TechMahindra are responsible for driving the growth of the software-defined market in the region.

The objective of the report is to present a comprehensive analysis of the Software Defined Everything market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Software Defined Everything market dynamics, structure by analyzing the market segments and project the Software Defined Everything market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Software Defined Everything market make the report investor’s guide.
Software Defined Everything Market Scope: Inquire before buying



Software Defined Everything Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
18.5%
US$ 19.31 Bn
US$ 63.37 Bn


Segments Covered


by Organization Size
SMEs
Large Enterprises
by Type
Software-Defined Networking (SDN)
Software-Defined Wide Area Network (SD-WAN)
Software-Defined Data Center
Software-Defined Computing (SDC)
Software-Defined Storage (SDS)
Software-Defined Data Center Networking (SDDCN)
by End-User
Service Provider
Enterprises
Banking, Financial Services, and Insurance (BFSI)
Manufacturing
Retail
Healthcare
Government
Education
Others


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Software Defined Everything Market Key Players
1. Cisco
2. Dell EMC
3. HPE
4. IBM
5. VMware
6. Huawei
7. Juniper Networks
8. Microsoft
9. Nokia
10.Oracle
11.Aryaka Networks
12.Big Switch Networks
13.Citrix
14.Extreme Networks
15.Infovista
16.NEC
17.Nutanix
18.Pluribus Networks
19.Red Hat
20.Silver Peak Systems
21.SUSE
22.Adaptiv Networks

Frequently Asked Questions:

1. Which region has the largest share in Global Software Defined Everything Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Software Defined Everything Market?
Ans: The Global Software Defined Everything Market is expected to grow at a CAGR of 18.50% during forecast period 2023-2029.

3. What is scope of the Global Software Defined Everything Market report?
Ans: Global Software Defined Everything Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Software Defined Everything Market?
Ans: The important key players in the Global Software Defined Everything Market are - Cisco, Dell EMC, HPE, IBM, VMware, Huawei, Juniper Networks, Microsoft, Nokia, Oracle, Aryaka Networks, Big Switch Networks, Citrix, Extreme Networks, Infovista, NEC, Nutanix, Pluribus Networks, Red Hat, Silver Peak Systems, SUSE, and Adaptiv Networks.

5. What is the study period of this market?
Ans: The Global Software Defined Everything Market is studied from 2022 to 2029.