Global Software-Defined Storage Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global software-defined storage market in its upcoming report titled, “Global Software-Defined Storage Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global software-defined storage market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global software-defined storage market report has been segmented on the basis of software, usage, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Software-defined storage (SDS) is a computer program which manages data storage resources and functionality and has no dependency on the physical storage hardware.
Increasing technological developments and flexibility offered by the SDS technology are major factors expected to drive growth of the global market over the forecast period. In addition, increasing preference towards software-defined storage solutions, owing to benefits such as data storage management on cloud-based platforms is another factor expected to further fuel growth of the target market. Furthermore, increasing demand for data center storage and developing infrastructure across the globe are other factors expected to boost growth of this market in the near future.
However, increasing security and reliability concerns among individuals is a key factor expected to restrain growth of the global market over the forecast period. In addition, software-defined systems (SDS) on cloud-based platform are comparatively weak to hack is another factor expected to hamper growth of the target market in the near future.
Ongoing trend observed in the target market is increasing adoption of software-defined systems in small as well as in large-scale industries.
Technological advancements and development of secure software-defined systems and solutions are expected to create potential revenue opportunities for players operating in the target market.
The market in North American dominates the target market in terms of revenue over the forecast period, owing to increasing presence of software-defined storage solution players in various countries in the region.
The market in Asia Pacific followed by Latin American are expected to account for significant share in the target market in terms of revenue over the forecast period, owing to increasing adoption of software-defined solutions by enterprises to improve business processes and efficiency in these regions. The market in Europe is expected to register significant share in the target market over the forecast period.
Global software-defined storage market segmentation:
Segmentation by software:
- SDS server
- Data security and compliance software
- SDS controller software
- Data management
- Storage hypervisor
Segmentation by usage:
- Data Back up and Disaster recovery
- Storage Provisioning
Segmentation by end-user:
- Banking, Financial Services, and Insurance (BFSI)
- Media and Entertainment
- Others (Logistics and warehouse, High Tech)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Open text corporation
- Microsoft Corporation
- IBM Corporation
- Dell EMC
- Hitachi Data Systems Ltd.
- Hewlett Packard Enterprise Company
- VMware, Inc.
- Amplidata N.V.
- NetApp, Inc.
- Nexenta Systems, Inc.
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