Global “Software-Defined Storage Market” Report – CAGR Status, Market Growth, Trends, Analysis and Forecasts (2019 – 2024) – 360 Market Updates

Software-Defined Storage

Software-Defined Storage Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Software-Defined Storage market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Software-Defined Storage Market report is anticipated to register a CAGR of 25.8% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Software-Defined Storage Market are –

  • IBMCorporation
  • Oracle Corporation
  • NetApp Inc.
  • Fujitsu Limited
  • Genetec Inc.
  • VMWare Inc. (Dell Inc.)
  • Hitachi Data Systems
  • Pure Storage Inc.
  • Red Hat Inc.
  • Huawei Technologies Co. Ltd
  • Promise Technology
  • Imation Corp. (Nexsan)
  • FalconStor Software
  • StarWind Software Inc.
  • EMC Corporation
  • Microsoft Corporation
  • OpenText Corporation
  • Red Hat Inc.
  • Western Digital Corporation

The global software-defined storage market was valued at USD 5.27 billion in 2017 and is expected to reach USD 21.07 billion by 2023, recording a CAGR of 25.8%, during the forecast period of 2018-2023. The scope of the report is limited to the applications of software-defined storage across various industries. The regions considered under the scope of the report include – North America, Europe, and others. Growth opportunities for software-defined storage in the enterprise storage market also fall under the scope of this report.

Software-defined Storage (SDS) is one of the new technologies trending in the enterprise storage market. As employing SDS enables cost savings, whilst improving performance and increasing flexibility, enterprises are slowly shifting toward software-defined storage. In addition, SDS has the ability to separate storage software from hardware, thus cutting down on storage costs, in terms of capital cost and operation expenditure. Storage hardware vendors, such as IBM, Dell, and NetApp, among others, also offer software-defined storage. Associations (like the Storage Network Industry Association (SNIA), which sets standards for the enterprise storage industry) shape the way in which SDS is employed across end-user industries.

The booming volume of unstructured data across various enterprises, for both big and small calls (including IT, telecommunication, etc.) augments the demand for a scalable storage architecture that is reliable and secure. The SDS model addresses this need, by increasing deployment flexibility and enabling organizations to use the software with any storage platform, through a single software interface. Enterprises or IT organizations undergoing digital transformation are likely to adopt SDS for their data storage needs, owing to the advantages that this technology offers, over the traditional storage methods. However, the lack of skilled operators to manage the transition toward SDS and security concerns are projected to hinder the growth of the market studied.

IT Accounts for a Robust Demand and BFSI Anticipated to Record the Fastest Growth

The mounting need for better management of enormous data from the IT segment contributes to its substantial share, in the software-defined storage market. However, the BFSI segment is estimated to record the fastest growth, during the forecast period. This can be attributed to the increasing demand for analysis of customer data, to achieve a competitive advantage and boost the ongoing digital transformation in the sector.

Asia-Pacific Expected to Witness the Highest Growth Rate in Software-Defined Storage Market

Owing to technological advancements, with the increasing number of companies in the IT sector, one of the largest consumers of the SDS market, Asia-Pacific is expected to witness the highest growth rate, during the forecast period. In terms of market share, North America is expected to lead, taking into account the number of data centers in the region and the resultant requirement of cost-effective storage alternatives.

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Scope of the Report:

The report analyses Software-Defined Storage market, which includes –

  • Analysis of the growth of Software-Defined Storage market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Software-Defined Storage market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Software-Defined Storage market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Software-Defined Storage market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Software-Defined Storage Market Report:

  • Varying dynamics of the Software-Defined Storage industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Software-Defined Storage market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Software-Defined Storage market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Software-Defined Storage Market Report:

  • The report analyses how stringent emission control norms will drive the global Software-Defined Storage market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Software-Defined Storage market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Software-Defined Storage:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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Contact Info: –

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Mr. Ajay More

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