Software Defined Storage Market Emerging Growth Analysis of Dell, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Citrix Systems, Netapp, Seagate Technology, Vmware

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 . 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.

On the basis of component, the software defined storage market is segmented into solution and services. 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.

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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. A software-defined storage environment may also provide policy management for features such as data deduplication, replication, thin provisioning, snapshots and backup.

North America held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. 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.

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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