Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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According to IMARC Group’s latest report, titled “Software-Defined Anything Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global software-defined anything market exhibited strong growth during 2015-2020. Software-defined anything (SDx) refers to a controlling access to networks, data centers, and storage. It aims to reduce silos in the market and create a more open-source application programming interface (APIs). SDx adds more programmability to the IT infrastructure by separating the management from the underlying hardware. It also possesses the flexibility to handle elastic requirements in organizations. SDx approach has gained prominence as it supports several network topologies and complex data-intensive applications. As a result, it finds applications across BFSI, healthcare, retail, education, transportation, utilities, manufacturing, IT, and telecom sectors.
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The global software-defined anything market is primarily driven by the increasing demand for visualization and cloud services in data centers. Besides this, the enhancement in existing data centers with cloud-based services and virtual networking systems is also significantly contributing to the market growth. Organizations provide unified management of all data center components, including networking, server, storage, security, and other resources. Furthermore, the growing prevalence of cyber threats and data breaches is escalating the demand for SDx across the globe. Moreover, technological advancements in SDA-related technologies to reduce costs by automating the process control are expected to impact the market growth in the upcoming years. Looking forward, IMARC Group expects the market to grow at a CAGR of around 27% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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