Press release
Software Defined Storage Market is expected to grow at a CAGR of 25.8 Percent from 2023 to 2029
Software Defined Storage Market
In 2022, the Software Defined Storage Market achieved a valuation of US$ 16.25 billion, with a projected compound annual growth rate (CAGR) of 25.8% from 2023 to 2029, ultimately reaching an estimated total revenue of nearly US$ 81.04 billion.
Software-defined storage represents a strategic approach to data management wherein storage resources are separated from the underlying physical storage technology, enabling enhanced flexibility. The integration of resource flexibility and programmability empowers storage systems to adapt rapidly and automatically to changing demands. This comprehensive report delves into various segments of the Software Defined Storage market, including Component, Software, Service, Usage, Organization Size, Industry Vertical, and Region. It thoroughly analyzes major industry players and regions, covering North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Providing a detailed exploration of recent breakthroughs across multiple domains, the report utilizes facts, figures, visualizations, and presentations to illustrate primary data analysis spanning the historical period from 2018 to 2022. The report meticulously examines market drivers, restraints, opportunities, and challenges associated with Software Defined Storage. Furthermore, investment recommendations in the Software Defined Storage market are derived from a comprehensive assessment of the current competitive landscape.
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Software Defined Storage Market Dynamics:
The surge in the adoption of advanced technologies like artificial intelligence (AI) and the internet of things (IoT) has led to a substantial increase in the accumulation of unstructured data from various sensors, equipment, and interconnected devices across diverse industries. Managing and processing these extensive volumes of unstructured data continuously has made the implementation of a highly scalable and efficient unified data storage and management solution imperative.
The growth of unstructured data across organizations has significantly influenced the adoption of software-defined storage (SDS) solutions. These solutions come equipped with features such as a scale-out architecture, non-virtualization support, seamless integration with cloud environments, and high-speed data performance, addressing the challenges posed by the rapid expansion of unstructured data. According to Igneous' State of Unstructured Data Management 2022 analysis, the volumes of unstructured data are experiencing a growth rate of 23% annually, nearly doubling every 40 months.
Software Defined Storage Market Regional Insights
The Software Defined Storage Market is projected to be dominated by the North American region during the forecast period from 2023 to 2029, with an expected largest market share of xx% by 2029. This dominance is attributed to factors such as the increasing adoption of cloud technology, a shift towards advanced IT infrastructures, and other contributing elements. The region benefits from rapid industrialization, a growing reliance on cloud-based infrastructure, and substantial research and development investments from key market players like NetApp Inc., IBM Corporation, and VMware Inc.
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Software Defined Storage Market Segmentation:
by Service
Consulting and training
Support and maintenance
Deployment and testing
Training and consulting
SDS service
by Organization Size
Small and Medium Businesses (SMBs)
Large enterprises
by Usage
Surveillance
Data backup and disaster recovery
Storage provisioning and high availability
Others (DevOps)
by Industry Vertical
Education
Telecom and ITES
Logistics and warehouse
Healthcare
Media and entertainment
Banking, Financial Services, and Insurance (BFSI)
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Software Defined Storage Market Key Players include:
1. IBM
2. VMware
3. Fujitsu
4. Scality
5. Nutanix
6. EMC
7. Seagate
8. Intel
9. Dell
10. Actifio
11. Redapt
12. Huawei Technologies Co., Ltd.
13. Cisco Systems, Inc.
14. Infinidat Limited
15. Oracle Corporation
16. NetApp, Inc.
17. Hitachi Vantara Corporation
18. Inspur Systems Inc.
19. Hewlett-Packard Enterprise
20. Datacore
21. HPE
22. Citrix
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Table of content for the Software Defined Storage Market includes:
1. Global Software Defined Storage Market: Research Methodology
2. Global Software Defined Storage Market: Executive Summary
• Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Software Defined Storage Market: Competitive Analysis
• MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2023 to 2029)
● Past Pricing and price curve by region (2023 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2023-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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