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Key Influencer in the Software Defined Storage Market 2025: Growth In Data Volume Fuels Growth In The Software Defined Storage Market Driver
Software Defined Storage Market Trends
The software-defined storage market has seen remarkable growth in recent years. It will grow from $27.89 billion in 2024 to $35.15 billion in 2025, at a CAGR of 26.1%. The growth is driven by the rapidly growing volume of data across enterprises, the increase in amorphous data quantities, growing adoption of technologies to support market growth, and the need for better data management and cloud integration.
The software-defined storage (SDS) market is expected to grow exponentially, reaching $89.19 billion by 2029 at a CAGR of 26.2%. The growth is attributed to the need for industrial mobility, data growth, and cost efficiency. Key trends include hybrid cloud adoption, edge computing, and open-source SDS solutions.
What Factors Are Propelling the Expansion of the Software Defined Storage Market?
The rapid surge in data volume is expected to propel the software-defined storage market. Data volume refers to the quantity of information generated, collected, and stored within a system. The growing digitization of businesses and social interactions is contributing to an exponential increase in data generation. Software-defined storage enhances scalability and adaptability, allowing organizations to efficiently manage expanding data demands while reducing costs and administrative complexities. For instance, in December 2022, the Linux Foundation, a US-based nonprofit consortium, reported that organizations with up to 20 petabytes of storage witnessed annual data growth of 566 terabytes in 2021, escalating to 1,746 terabytes in 2022. Similarly, organizations with storage capacities of up to 25 petabytes experienced an annual data growth of 2,208 terabytes in 2022-three times the 700 terabytes recorded in 2021. Therefore, the rapid expansion of data volume is fueling the software-defined storage market.
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Which Businesses Are at the Forefront of Software Defined Storage Market Development?
Major companies operating in the software defined storage market are 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.
What Are the Latest Innovations in the Software Defined Storage Market?
Companies in the software-defined storage market are advancing their technological offerings by introducing on-premise storage solutions to strengthen their market position. On-premise storage refers to data storage systems housed within an organization's physical infrastructure, providing enhanced control and management without dependence on external cloud services. In April 2022, Viking Enterprise Solutions, a US-based data center product provider, launched Cloud Native Obsidian (CNO), an on-premise storage solution designed as a cost-effective alternative to public cloud storage. CNO employs cloud-native technology and a scalable object-and-file storage architecture, giving businesses greater control over their data. This framework streamlines storage management, enhances performance with reduced latency, and eliminates traditional RAID hardware limitations by allowing seamless integration of additional storage nodes into CNO clusters.
How Is the Software Defined Storage Market Segmented?
The software defined storage market covered in this report is segmented -
1) By Component: Management And Monitoring Tools, Networking Infrastructure, Software Controllers, Storage Devices
2) By Size Of Enterprise: Small And Medium Enterprise, Large Enterprise
3) By Usage: Data Backup And Disaster Recovery, Surveillance, Storage Provisioning, Other Usage
4) By End-User Industries: Banking, Financial Services And Insurance, Telecommunication And Information Technology (IT), Government, Other End-User Industries
Subsegments:
1) By Management and Monitoring Tools: Storage Resource Management (SRM) Tools, Performance Monitoring Software, Data Analytics and Reporting Tools
2) By Networking Infrastructure: Software-Defined Networking (SDN) Solutions for Storage, Virtualized Network Storage (SAN/NAS), Network-Connected Storage Solutions
3) By Software Controllers: Storage Virtualization Controllers, Storage Policy-Based Automation Software, Data Tiering and Data Migration Software
4) By Storage Devices: Virtualized Storage Devices, Flash Storage Arrays, Disk Arrays and Object Storage Devices
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Where Is the Software Defined Storage Market Growth Most Prominent?
North America was the largest region in the software defined storage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software defined storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Software Defined Storage Global Market Report?
- Market Size Analysis: Analyze the Software Defined Storage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Software Defined Storage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Software Defined Storage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Software Defined Storage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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