The Software defined Storage Market is forecast to reach $40.7 billion by 2026, advancing at CAGR of 25.7% during 2021-2026. The rapid growth of unstructured data volumes along with capabilities like ease of management and increased security act as major drivers boosting the growth of software defined storage market. Adoption of Software define Storage (SDS) solutions help in optimizing data management and storage costs with improved flexibility and scalability compared to traditional storage, gaining its wide popularity among various end-use markets. The paradigm shift from traditional storage array towards modern storage system will be assisting its market growth in the long run. Software defined Storage can also be implemented via appliances over traditional storage area network. Rise of cloud infrastructures, hyper scale data centers, technological advances are set to propel the need for SDS solutions during the forecast period.
