Software defined storage market Growth
Software defined storage blends storage virtualization with progressive storage management capabilities to offer the organizations with the benefits like greater flexibility and lower costs. It is framed for the enterprises to facilitate faster delivery of IT services and store business data. The development of SDS demand is surged by the efficient and effective management of unstructured data along with amalgamation of different analytics solution with the SDS services. The introduction of Big Data helps to boost the business and optimize the cost. Market Research Future (MRFR) has conducted a comprehensive study recently on software defined storage. The study reveals that the worldwide market for software defined storage has a promising future and is anticipated to gain prominence over the review period. The market is expected to witness a spectacular development by 2022, surpassing its earlier growth records in terms of value with a remarkable CAGR over the assessment period of 2016 to 2022. In SDS setting, storage devices are presented as a software level that can be extracted from the fundamental hardware. These solutions remove the requirement for conventional method of manual configuration of the operational technique in the software defined data centre. The incorporation of network file and big data systems collectively with the swift provisioning of analytics applications restructure unstructured data created by administration for business intelligence. The study signifies that the businesses require to mandatorily following the compliance guidelines and policies for sharing data, secure critical information of the business, and storing data. The need for compliance and security function in the prevailing SDS solution while preserving the data has surged the demand for this software and is likely to contribute the most in the overall revenue generation process for the SDS market over the assessment period.
Market Segmentation
The report published by Market Research Future segments the software defined storage market Growth based on software, component, organization size, usage, region, and end user. Based on software, the market is segmented into data security, SDS server, SDS controller software, compliance software, storage hypervisor, and data management. Based on component, the software defined storage market is segmented into platforms/solutions (data security & compliance, software-defined server, data management, hypervisor, and controller) and services among others. Based on organization size, the market comprises large enterprises and small and medium businesses (SMBs). Based on usage, the market is segmented into storage provisioning and high availability, data backup and disaster recovery, surveillance, and others. Based on region, the market is segmented into North America, APAC, Europe, and Rest of the World. Based on end user, the software defined storage market is segmented into telecom and ITES, education, healthcare, logistics and warehouse, banking, financial services, insurance (BFSI), media and entertainment, and others.
Regional Analysis
The software defined storage market is primarily dominated by Asia Pacific, North America, the Middle East and Africa (MEA), and Europe. North America market is witnessing the fastest growth and is likely to hold the largest share by the end of assessment period owing to the higher demand for smart safety devices and also due to the prevailing key players in the region such as Dell and NetApp. The North America market is followed by Asia Pacific and Europe as third and second largest market for software defined storage solutions.
Key Players
The global software defined storage market is dominated by key players such as IBM (U.S.), EMC (UK), VMware (U.S.), HP (U.S.), Big Switch Networks (U.S.), 6Wind (France), Avaya (California), Brocade(U.S.), Arista Networks (U.S.), Dell (U.S.), Cisco (U.S.), HDS (U.S.), Ericsson (Sweden), NetApp (U.S.), Juniper Networks, NEC (U.S.), Pivot3 (U.S.), Pertino (U.S.), SwiftStack (U.S.), and Plexxi (U.S.).
Browse Complete Report "Software Defined Storage Market Research Report - Global Forecast 2022" @ https://www.marketresearchfuture.com/reports/software-defined-storage-market-1958
