India - March 16, 2022 /MarketersMEDIA/ —
Software Defined Storage Market Research Report- Forecast till 2027
Market Highlights
The Software Defined Storage Market appears to be fiercely cut-throat. To maintain and establish their market position and to drive the market expansion, several compelling and varied international enterprises, domestic organizations and as well as new entities create a competitive environment. Market leaders are innovating constantly and continuously achieving market growth through several strategic innovation and unique ideas, economic product portfolio, mergers and acquisitions, increased expense for research and development. Major competitors are spending immensely on acquiring other firms and internal research and development.
The global Software-Defined Storage market is estimated to grow from USD 4.72 Billion in 2016 to USD 18.5 Billion by 2022, with a CAGR of 27% by the end of the forecast period.
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.
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Segmentation:
The Software-Defined Storage Market can be segmented into 6 important segments. The segmentation is on the basis of region, end-user, organization size, usage, software, and component.
On the basis of region, the market can be classified into Europe, Asia Pacific, North America and the Rest of the World (RoW).
On the basis of end-user, the market can be classified into Banking, Financial Services, and Insurance (BFSI), Comprises Education, Media, and entertainment, Logistics, and warehouse, Comprises Education, and others.
On the basis of organization size, the market can be classified into large enterprises and Small and Medium Businesses.
On the basis of usage, the software defined storage market can be classified into Storage provisioning and high availability, Comprises Surveillance, Data backup and disaster recovery, and others.
On the basis of software, the market can be classified into data management and storage hypervisor, Comprises SDS server, SDS controller software, compliance software, data security, and others.
On the basis of components, the market can be classified into Platforms/Solutions (Data Security & Compliance, Data Management, Software-Defined Server, Controller, and Hypervisor) and Services among others.
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.
Competitive Analysis
The distinguished players in the market of software-defined storage market are SwiftStack (USA), EMC(UK), NetApp(US), IBM(US), Juniper Networks, Arista Networks(US), HP(US), Ericsson(Sweden), Big Switch Networks(USA), Brocade(US), NEC(US), VMware(US), 6Wind(France), Cisco(US), Avaya(California), and others.
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Software Defined Storage Market By Components (Platforms and Services), Application (Telecom and ITES, Logistics and Warehouse, Healthcare, Media and Others), organization size (large enterprises and small and medium enterprises) - Forecast To 2027
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Release ID: 89070792
