Global Software-Defined Storage Market is expected to grow from US ~$4.72 Billion in 2016 to US ~$18.5 Billion approx. by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 27%
Pune, India - June 19, 2019 /MarketersMedia/ —
Software Defined Storage Market Scenario:
Software-define storage is a centre part of software-defined storage system. It is designed for the organization to store business data and enable the fast delivery of IT services. The growth of SDS is spurred by the effective and efficient management of unstructured data, whereas integration of various analytics solutions with the SDS solutions for big data management optimizes the cost and helps to boost the business. According to a recent study report published by the Market Research Future, The global market of Software Defined Storage is booming and expected to gain prominence over the forecast period.
The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
In Software Defined Storage Market framework, storage devices are delivered as a software layer that can be preoccupied from the underlying hardware. These solutions eliminates the need for traditional process of manual configuration of the operational process in the software define data centre. The integration of big data & network file systems and the rapid provisioning of analytics applications streamline unstructured data produced by management for business intelligence.
The study indicates that the organizations need to mandatory follow the compliance policies and guidelines for storing, sharing data and secure business-critical information. The requirement of security and compliance function in the existing SDS solution while storing the data has increased the demand for this software and is expected to contribute the highest in the overall revenue generation for the SDS market during the forecast period.
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Major Key Players:
• EMC(UK)
• IBM(US)
• HP(US)
• VMware(US)
• Avaya(California)
• Big Switch Networks(USA)
• 6Wind(France)
• Arista Networks(US)
• Brocade(US)
• Cisco(US)
• Dell(US)
• Ericsson(Sweden)
• HDS(US)
• Juniper Networks
• NEC(US)
• NetApp(US)
• Pertino(US)
• Pivot3(US)
• Plexxi(US)
• SwiftStack(USA)
Regional Analysis:
The Software Defined Storage market is divided into four regions, namely North America, Asia Pacific Europe and the Middle East and Africa (MEA). North America is emerging as the fastest growing market and expected to be the biggest market by the end of forecast period due to the higher demand of smart safety devices and also because of the key players in this region such as NetApp and Dell.
The market of North America is followed by Europe and Asia Pacific as second and third largest market for Software Defined Storage solutions.
Industry News:
MAY 8, 2017 - Dell EMC announced new and enhanced software-defined storage (SDS) products that help customers modernize their data centers to lower IT costs, get quicker returns on their investments, and deliver new digital capabilities. The comprehensive software-defined storage portfolio will be further enhanced through support for Dell EMC PowerEdge 14th generation servers, providing increased levels of performance and scalability across a wide spectrum of applications and workloads.
26 Apr 2017 - IBM today announced that for the third consecutive year it has been ranked the number one vendor in software-defined storage controller software according to results from International Data Corporation (IDC) Worldwide Quarterly Storage Software Qview for Q4 2016 (March, 2017).
November 02, 2017 - VMware, Inc., a global leader in virtualization and cloud infrastructure, announced that it has signed a definitive agreement to acquire VeloCloud™ Networks, Inc., provider of industry-leading cloud-delivered software-defined wide-area network (SD-WAN) technology for enterprises and service providers. Once the acquisition closes, VeloCloud will enable VMware to build on the success of its industry-leading network virtualization platform -VMware NSX®-and expand its networking portfolio to address end-to-end automation, application continuity, branch transformation and security from data centre to cloud to edge. This acquisition will also further enable VMware to lead the industry transition to a software-defined future, and help customers bring their businesses into the digital era with networking that is ubiquitous, open, programmable and secure by default.
Segments:
The Software Defined Storage Market can be classified into 6 key segments for the convenience of the report and enhanced understanding;
• Segmentation by Component: Comprises Platforms/Solutions (Software-Defined Server, Data Security & Compliance, Controller, Data Management, and Hypervisor) and Services among others.
• Segmentation by Software: Comprises SDS server, data security, compliance software, SDS controller software, data management and storage hypervisor.
• Segmentation by Usage: Comprises Surveillance, Data backup and disaster recovery, Storage provisioning and high availability and Others (DevOps).
• Segmentation by Organization Size: Comprises Small and Medium Businesses (SMBs) and large enterprises.
• Segmentation by End-User: Comprises Education, Telecom and ITES, Logistics and warehouse, Healthcare, Media and entertainment, Banking, Financial Services, and Insurance (BFSI) and Others
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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Intended Audience:
• Software providers
• IT service providers
• System integrators
• Hardware manufacturers
• Third party suppliers
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Software Defined Storage Market: By Components
1.3.2 Global Software Defined Storage Market: By Application
1.3.3 Global Software Defined Storage Market: By Organization Size
2 Research Methodology
Continued…
List of Tables
Table 1 Global Software Defined Storage Market, By Components
Table 2 Global Software Defined Storage Market, By Application
Table 3 Global Software Defined Storage Market, By Organisation Size
Continued…
List of Figures
Figure 1 Research Type
Figure 2 Global Software Defined Storage Market: By Components (%)
Figure 3 Global Software Defined Storage Market: By Application
Continued…
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Source: MarketersMedia
Release ID: 526430
