Software Defined Infrastructure Market Size Reaches Greater Heights as COVID-19 Drives Cloud Adoption (SARS-CoV-2, Covid-19 Analysis)
Software Defined Infrastructure Market Size
Market Research Future (MRFR) confirms that the software defined infrastructure market 2020 can possibly touch USD 95 billion by 2023-end. The market is also estimated to advance at a rate of 22% over the forecast period (between 2017 and 2023), despite the COVID-19 impact. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
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Top Drivers and Key Restraints
Considering the long term ramifications of the COVID-19 outbreak, a large number of companies in the technology industry have had to deal with numerous challenges. Many had to close down their factories or restrict business traveling. Major events such as Google I/O, Facebook's F8, the Mobile World Congress and the Geneva Motor Show had to be called off owing to the lockdown following the pandemic. Employees had to adopt the work from home practice to prevent the spread of SARS-CoV-2. But to overcome the issues induced by the novel coronavirus, companies are now more focused on return on investment/RoI, business continuity schemes and operational resiliency. This situation has led to a higher demand for a strong software defined infrastructure, as it helps smoother functioning with automation of the processes and the prevention of manual tasks along with facilitation of rule-based servers.
But the post-pandemic era has also seen a growth in the spending on cloud adoption as well as remote work enablement. This has resulted in heightened demand for content workflow and management applications, application platforms, collaborative applications, system and service management software, security software and more, which benefits the market. Also, the soaring demand for better organized IT infrastructure, higher use of data centers, growing consumption of cloud computing, and lower capital expenditures has been favorable for the software defined infrastructure market.
The rising deployment of artificial intelligence as well as hybrid cloud services and their growing integration with the current infrastructure can also induce considerable market growth. Several leading contenders are busy innovating and are steering the organizations’ focus towards software defined infrastructure.
For instance, in July 2020, Nutanix, a renowned enterprise cloud computing provider, teamed up with Birmingham City Council’s Information, Technology and Digital Service/IT&D to shift its operations to a hybrid cloud software infrastructure.
Market Segmentation
Software Defined Infrastructure Market Research by MRFR outlines the primary segments, namely solution, services and vertical.
The solution-wise segments covered are SDC (software defined computing), SDS (software defined storage), SDN (software defined networking), and others.
The market segments depending on services include consulting services, integration, and deployment services and managed services.
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