Software Defined Storage Market Cost Structure Analysis Dell, EMC Corporation, Hewlett Packard Enterprise Development, International Business Machines Corporation, Citrix Systems

The software defined storage market was valued at US$ 4.7 billion in 2016 and is projected to reach US$ 47.2 billion by 2025. Software-defined storage (SDS) is a marketing term for computer data storage software that defines policy-based provisioning and management of data storage. The process does not depend on the underlying hardware and includes a form of storage virtualization to separate the storage hardware from the software that manages it.

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The solution segment held the dominant position in the market and is projected to retain its dominance throughout the forecast period. Increasing adoption of data security plays a key role for growth of the market. Most organizations have to mandatorily follow compliance guidelines and policies for sharing and storing data for securing critical information related to business operations.. The integration of security and compliance solution in existing software defined storage solution have increased the demand for supportive solutions.

Rising demand for analyzing big data plays a key role for growth of the software defined storage market. High flexibility and cost saving are some of the major advantages that increased demand for software defined storage solutions. The increasing unstructured data from social media conversations, email, wireless devices, media-rich content and other sources have increased demand for software defined storage solution to better manage big data.
The U.S. and Canada are the major growth engines in the region.

The increasing government projects related to digitalization is a major factor fueling growth of software defined storage market in this region. According to U.S. digital government strategy report on “Building a 21st Century Digital Government”, the government aims to develop better digital services to enhance lives of the country’s population. Asia Pacific is projected to be fastest growing market for software defined storage over the forecast period, with India, China, and Japan positioned as the major growth engines in the region. The increasing IT industries and growing numbers of startups become one of the major factor for rising demand for data storage market, will boost the demand for software defined storage solutions.

According to economic survey 2015-2016 released by Government of India, the country has over 19,000 technology enabled startups driven by consumer internet and financial services startups. Moreover, according to survey report in 2015, the India startup raised US$ 3.5 billion. Due to popularity of software defined storage benefits such as creates smarter integration between workload & storage, gain control & efficiency and acquire real time scalability, the small and medium size enterprises adopting this technology. Hence, this helps small and medium enterprises to reduce storage cost and achieving better business functions.

Some of the major companies in the global software defined storage market are Dell, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Citrix Systems Inc., Netapp, Inc., Seagate Technology, Vmware Inc., and Western Digital Corporation.

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Detail Software Defined Storage Market Segmentation:
Global Software Defined Storage Market, By Component:
• Platforms/Solutions
• Services
• Global Software Defined Storage Market, By Storage Usage:
• Surveillance
• Data-Backup and Disaster-Recovery
• Storage Provisioning and High Availability
• Others

Global Software Defined Storage Market, By Organization Size:
• Small and Medium Enterprises (SMES)
• Large Enterprises
• Global Software Defined Storage Market, By Application:
• Education
• Telecom and ITeS
• Logistics and Warehouse
• Healthcare
• Media and Entertainment
• Banking, Financial Services, and Insurance (BFSI)

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