Software Defined Storage Market: Uncovering Share Trends and Growth Forecast for 2033
The Business Research Company recently released a comprehensive report on the Global Software Defined Storage Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The software defined storage market size has grown exponentially in recent years. It will grow from $22.05 billion in 2023 to $27.89 billion in 2024 at a compound annual growth rate (CAGR) of 26.4%. The growth in the historic period can be attributed to rapidly growing volume of data across enterprises, amorphous data quantities are rapidly increasing, growing adoption of technology to boost market growth, demand for data management, cloud integration.
The software defined storage market size is expected to see exponential growth in the next few years. It will grow to $70.55 billion in 2028 at a compound annual growth rate (CAGR) of 26.1%. The growth in the forecast period can be attributed to increased demand for industrial mobility for remotely managing the process industry, data growth, cost efficiency, agility and flexibility, data mobility. Major trends in the forecast period include software storage solutions, hybrid cloud adoption, containerization, edge computing, open source SDS.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/software-defined-storage-global-market-report
Market Drivers and Trends:
The rapidly growing volume of data is expected to propel the growth of the software defined storage market going forward. The volume of data refers to the amount or quantity of data that is generated, collected, processed, or stored within a given system or context. The rapidly growing volume of data is primarily driven by the increasing digitization of various aspects of life, including business transactions and social interactions, leading to a continuous generation of digital information. Software-defined storage efficiently manages and virtualizes extensive data volumes, enhancing scalability and adaptability for modern storage environments. Organizations can use SDS to extend storage on-demand to meet growing data volumes and performance requirements while lowering upfront hardware costs, maintenance expenses, and administration complexity compared to traditional storage systems. For instance, in December 2022, according to the Linux Foundation, a US-based non-profit consortium, an end-user organization with a storage capacity of up to 20 petabytes witnessed an annual data growth of 566 terabytes (TB) in 2021, escalating to 1,746 TB in 2022. Similarly, annual data growth for organizations with a storage capacity of up to 25 petabytes reached a significant 2,208 terabytes (TB) in 2022, three times more than in 2021 (700 TB). Therefore, the rapidly growing volume of data will drive the growth of the software defined storage market.
Major companies operating in the software defined storage market are developing innovative technology, such as on-premise storage solutions, to gain a competitive edge. On-premise storage solutions refer to data storage systems and infrastructure that are physically located within an organization's premises, providing direct control and management over data storage without relying on external cloud services. On-premise storage solutions serve as software-defined storage, offering flexible and scalable data management within localized infrastructure. For instance, in April 2022, Viking Enterprise Solutions, a US-based provider of advanced data center products, launched Cloud Native Obsidian (CNO), an on-premise storage solution designed to provide enterprises with a cost-effective alternative to public cloud storage platforms. CNO uses cloud-native technology and an object-and-file storage architecture, giving businesses full control over their data storage. The Cloud Native Obsidian (CNO) framework streamlines storage management, provides local storage capacity with lower latency performance, and eliminates traditional RAID (Redundant Array of Independent Disks) hardware limits by enabling the addition of qualified storage nodes to CNO clusters. It helps address challenges like unpredictable fees, performance issues, and the need for more control over data.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14502&type=smp
Major Key Players of the Market:
Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, Hewlett Packard Enterprise, NVIDIA Corporation, Western Digital Corporation, Seagate Technology PLC, NetApp Inc., Juniper Networks Inc., OpenText Corporation, Citrix Systems Inc., Hitachi Vantara Corp., Pure Storage Inc., Nutanix Inc., Inspur Systems Inc., Redapt Inc., Infinidat Limited, Actifio Inc., Nexenta Systems Inc., Maxta Inc., FalconStor Software Inc., Scality Inc., Promise Technology Inc.
Software Defined Storage Market 2024 Key Insights:
• The software defined storage market size is expected to grow to $70.55 billion in 2028 at a compound annual growth rate (CAGR) of 26.1%.
• Growth In Data Volume Fuels Growth In The Software Defined Storage Market
• Innovative On-Premise Storage Solutions In The Software-Defined Storage Market
• North America was the largest region in the software defined storage market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=14502&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Software Defined Storage Market: Uncovering Share Trends and Growth Forecast for 2033 here
News-ID: 3691709 • Views: …
More Releases from The Business research company
Sterility Indicators Market 2024: Size, Share, and Key Industry Statistics
The Business Research Company recently released a comprehensive report on the Global Sterility Indicators Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Smart Home Appliances Market 2024: Global Size, Share, and Growth Analysis
The Business Research Company recently released a comprehensive report on the Global Smart Home Appliances Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
Road Maintenance Market Report 2024: Size, Share, and Industry Outlook
The Business Research Company recently released a comprehensive report on the Global Road Maintenance Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Precision Aquaculture Market 2024-2033: Size, Share, and Industry Growth Insight …
The Business Research Company recently released a comprehensive report on the Global Precision Aquaculture Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
More Releases for Software
Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028.
Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452…
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
Cloud-based Payroll Software Market - Zenefits Software, Kronos Software, PDS Vi …
Global Cloud-based Payroll Software Market Size, Status and Forecast 2022 provides Market information about top Key Players, Countries, Type and Application. This Industry report also states Company Profile, sales, Cloud-based Payroll Software Market revenue and price, market share, market growth and gross margin by regions.
Top Key Players:
Zenefits Software
Kronos Software
PDS Vista HRMS
Vibe HCM Software
FinancialForce Software
Ascentis HR Software
Paycor Software
Sage HRMS Software
BambooHR Software
Criterion Software
Enquiry for buying report @ https://goo.gl/3CqycH
Market segment by Regions/Countries,…
Global HR Software Market 2017 - Vibe HCM Software, Kronos Software, Zenefits So …
The report studies HR Software in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The HR Software market research report distils the most essential aspects of the market and presents them in the form of a comprehensive and cohesive document. The findings of this report have been obtained via a…