The global Software-Defined Storage market is expected to grow to US ~$18.5 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 27%.
Online PR News – 10-June-2020 – Pune – Market Research Future published a Half Cooked research report on “Global Software Defined Storage industry Research Report - Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022
EMC (UK), IBM (U.S.), HP (U.S.), VMware (U.S.) , Avaya (California), Big Switch Networks (U.S.) , 6Wind (France), Arista Networks (U.S.), Brocade(U.S.), Cisco (U.S.), Dell (U.S.), Ericsson (Sweden), HDS (U.S.), Juniper Networks, NEC (U.S.), NetApp (U.S.), Pertino (U.S.), Pivot3 (U.S.), Plexxi (U.S.) and SwiftStack (U.S.) are some of the prominent players at the forefront of competition in the Global Software Defined Storage industry and are profiled in MRFR Analysis.
Software Defined Storage Global Market - Overview
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 SDS 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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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.
Software Defined Storage Global Market - Competitive Analysis
The market of Software Defined Storage industry appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Software Defined Storage Global Market - Segmentation
The Software Defined Storage industry 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.
Software Defined Storage Global Market - Regional Analysis
The Software Defined Storage industry 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.