Software-Defined Storage Market is Predicted To Reach USD 30 Billion at a CAGR of 30% by 2030
As per Zion Market Research,Software-Defined Storage Market Research Report: By Component, Application, Organization Size, and Region- Forecast Till 2030, the market was valued at USD 9.2 Billion in 2021.and is anticipated to acquire a valuation of approximately USD 30 billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 30% during the assessment timeframe. Software defined storage allows organizations and users to separate or abstract storage resources from the primary hardware platform for higher efficiency, flexibility, and faster expandability by making storage resources more programmable. Software defined storage is one of the novel technologies trending in the business storage market and can function on any industrial standard servers & disks. Software defined software is more dependent on its software than the hardware it sits on.
Cost-Effectiveness And Better Flexibility Driving The Global Software Defined Storage Market
The emergence of cloud technology has resulted in computing & networking by cloud-based infrastructure. Cost efficiency and higher flexibility have boosted the expansion of the software defined storage market. Software defined storage aids in lowering the overall infrastructure capital investment, therefore impelling the development of the global market. Cloud infrastructure is the latest trend as many organizations have implemented cloud services for networking, computing, and storing data with the help of cloud infrastructure. A drastic change to cloud infrastructure is expected as cloud computing is an area of interest lately. Software defined storage is an important part of cloud infrastructure. Its infrastructure can develop a converged operational model considering conventional technologies for providing powerful application services, which is anticipated to drive the demand for software defined storage over the estimated period.
The global software defined storage market is bifurcated on the basis of component, software, service, usage, organization size, industry vertical, and regional analysis. Based on the component, the market is divided into service and platform/solution. Based on the software, the market is divided into data security & compliance software, SDS server, data management, SDS controller software, and storage hypervisor. Based on the service, the market is divided into support & maintenance, consulting & training, deployment & testing, SDS service, and training & consulting. Based on the usage, the market is divided into surveillance, storage provisioning & high availability, data backup & disaster recovery, and others (DevOps). Based on the organization size, the market is divided into large enterprises and small & medium businesses. Based on the industry vertical, the market is divided into telecom & ITES, education, healthcare, logistics & warehouse, BFSI, media & entertainment, and others.
Asia Pacific Region Will Register Massive Growth In The Global Software Defined Storage Market
Based on geographical analysis, the global software defined storage market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is remarkably overshadowing other regions concerning the implementation of the online transaction. As stated by RBI, the mobile payment transaction volume surged by almost USD 10 billion in 2018. This aspect is resulting in creating a massive amount of data through the daily transactions which organizations have to process, which is propelling the need for software defined storage solutions to advance their process performances. With the strong operational transmissions, the cloud services & solutions across the region are expected to grow.
Some of the leading players in the global market are -
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Commvault Systems Limited
- Fujitsu Limited
- Infinidat Limited
- SCALITY INC.
- IBM Corporation
- Nutanix, Inc.
- Dell Technologies Inc.
- VMWare, Inc.
- NetApp, Inc.
- Oracle Corporation
- Inspur Systems Inc.
- Hitachi Vantara Corporation
- Hewlett-Packard Enterprise.
The global software defined storage market is segmented as follows:
By component:
- Service
- Platform/solution
By software:
- Data security & compliance software
- SDS server
- Data management
- SDS controller software
- Storage hypervisor
By service:
- Support and maintenance
- Consulting & training
- Training & consulting
- Deployment & testing
- SDS service
By usage:
- Data backup & disaster recovery
- Surveillance
- Storage provisioning & high availability
- Others (DevOps)
By organization size:
- Large enterprises
- Small & Medium Businesses
By industry vertical:
- Telecom & ITES
- Education
- Healthcare
- Logistics & warehouse
- Media & entertainment
- BFSI
- Others
By region:
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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