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Software-Defined Storage Market 2021 Global Size, Status and Outlook- IBM Corporation, Oracle Corporation, NetApp Inc., Huawei Technologies Co. Ltd
The Software-Defined Storage Software market was valued at USD 9.4 billion in 2020 and is expected to reach USD 37.24 billion by 2026, at a CAGR of 25.8% over the forecast period 2021 - 2026.Request for PDF Brochure:
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Software-defined Storage (SDS) is one of the new technologies trending in the enterprise storage market. SDS can separate storage software from hardware, thus cutting down on storage costs, in terms of capital cost and operation expenditure. Hence, enterprises are slowly shifting toward software-defined storage.
Top leading Manufacturers Profiled in Software-Defined Storage Market Report are: IBM Corporation, Oracle Corporation, NetApp Inc., Huawei Technologies Co. Ltd, Fujitsu Limited, Genetec Inc., VMWare Inc. (Dell Inc.), Hitachi Data Systems AG, Pure Storage Inc., Promise Technology. Inc., FalconStor Software, Inc., StarWind Software Inc.
Regional Analysis for Software-Defined Storage Market:
For a comprehensive understanding of market dynamics, the global Software-Defined Storage market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
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Asia-Pacific Region to Witness Fastest Growth
- Asia-Pacific is exceptionally overshadowing other regions in terms of adoption of the online transaction. According to RBI, the mobile payment transaction volume increased by about USD 10 billion in the year 2018. This factor in resulting in generating massing amount of data only through the daily transactions which companies have to process driving the need for software-defined storage solutions to boost their process performances.
- FalconStor, a prominent US-based vendor, which offers SDS in China through Huawei, reported that customers/enterprises across Asia, such as China, are one of the largest potential markets for IT services and are positive about shifting to new storage. The propensity to shift was mainly to meet challenges, like data protection, recovery, and integration of virtual and non-virtualized resources.
What is the Impact of Covid-19 Outbreak on the Software-Defined Storage?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Software-Defined Storage.
- Software-Defined Storage Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Latest Update and Developments
- May 2019 - SuSe Inc. introduced SUSE Enterprise Storage 6, the latest release of its software-defined storage solution. The company claims that it enables IT organizations to seamlessly adapt to changing business demands while reducing IT operational expense with new features focused on containerized, cloud workload support, improved integration with public cloud and enhanced data protection capabilities.
- Apr 2018 - Red Hat Inc., provider of open source solutions, announced plans to provide the convenience of hardware-optimized systems to its customers, while preserving the flexibility and scale of software-defined storage, through Red Hat Storage One.
Frequently Asked Questions about the Software-Defined Storage market:
- What are the recent developments and government policies?
- What are the top trends in the Software-Defined Storage market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Software-Defined Storage market?
- Which region would offer high growth for vendors in the market?
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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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