Software-Defined Anything (SDx) Market growing with rapid CAGR of 25.5% with forecast period of 2019-2024

(IT-NEWSWIRE.COM, February 20, 2020 ) MarketsandMarkets forecasts the global SDx market size to grow from USD 51.7 billion in 2019 to USD 160.8 billion by 2024, at a CAGR of 25.5% during the forecast period. The major factor expected to drive the growth of the SDx market is the increasing demand for virtualization and cloud in data centers, which is propelling the adoption of SDx solutions. Hence, enterprises owing to their ability are providing unified management of all data center components, such as networking, server, storage, security, and other resources. Large-scale IT infrastructure users such as cloud service providers, telecommunication operators, and enterprises are increasingly using SDx solutions.

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Cisco (US) has its presence in over 100 countries, catering to a wide customer base in the regions of the Americas; Europe, Middle East and Africa (EMEA); and the Asia Pacific, Japan, and China (APJC). In 2018, the company’s total R&D spending accounted for USD 6.33 billion. This spending on R&D has inevitably helped Cisco remain a distinguished player in the SDx market. The company focuses on adopting inorganic growth strategies. For instance, it acquired Viptela, a network virtualization company, for USD 610 million. This acquisition helped Cisco integrate Cisco’s Integrated Services Routers/ Aggregation Services Routers (ISR/ASR) with Viptela’s Software-Defined Wide Area Network (SD-WAN) technologies to create Cisco’s new SD-WAN, the combination of a robust product. It was a simple network model, which customers can operationalize easily. Cisco also acquired Springpath, one of the leaders in hyper-convergence software, in September 2017. This acquisition enabled Cisco to continue to deliver next-generation data center innovation to its customers.

HPE (US) is one of the biggest players focusing on the emerging concept of Software-Defined Networking (SDN), SD-WAN, , and Software-Defined Data Center (SDDC). The company has made over 50,000 SDS deployments across the globe and is working toward expanding its reach to be one of the leaders in the SDX market. The company focuses more on product launches and developments, which would enable it to expand its product portfolio of SDx. For instance, in 2019, the company made a substantial contribution to its R&D activities by investing approximately USD 1.7 billion. Furthermore, HPE is focused on inorganic growth strategies to compete and maintain a leading position in the SDx market. For instance, in May 2018, HPE acquired Plexxi, to deliver hyper-converged and composable solutions with a next-generation data network fabric to its customers.

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Software-Defined Anything (SDx) Market growing with rapid CAGR of 25.5% with forecast period of 2019-2024