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Software Defined Storage Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Software Defined Storage Market
The surge in data volumes is anticipated to fuel the expansion of the software defined storage market. Essentially, data volume pertains to the quantity of data produced, compiled, processed, or stored in a given system or setting. This surge in data volumes can primarily be attributed to the escalating digitalization of diverse life aspects, such as business dealings and social discourse, resulting in a steady flow of digital data. Software-defined storage expertly administers and virtualizes massive data quantities, boosting expandability and versatility in contemporary storage environments. Companies can leverage SDS to amplify storage according to their burgeoning data volumes and processing demands whilst decreasing initial hardware expenses, upkeep costs, and administrative intricacy in comparison to traditional storage systems. For example, the Linux Foundation, a non-profit consortium based in the US, reported in December 2022 that an end-user organization with up to 20 petabytes of storage capacity experienced an annual data growth of 566 terabytes (TB) in 2021, which escalated to 1,746 TB in 2022. Analogously, annual data growth for organizations with up to 25 petabytes of storage capacity hit a notable 2,208 terabytes (TB) in 2022, tripling from that of 2021 (700 TB). Therefore, the surge in data volumes will spur the expansion of the software defined storage market.
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How will the growth rate of the software defined storage market shape industry trends by 2034?
Significant expansion has been observed in the software defined storage market size in the past few years. The market size is projected to surge from $27.89 billion in 2024 to a remarkable $35.15 billion in 2025, with a compound annual growth rate (CAGR) standing at 26.1%. This surge during the historical period can be linked to the rapidly expanding volume of data across all enterprises. The nebulous amounts of data are on a fast-paced increase, and the adoption of technology to spur market growth, along with the demand for data management and cloud integration, are key contributing factors.
The market for software-defined storage is projected to experience a tremendous expansion in the upcoming years, reaching a valuation of $89.19 billion by 2029, with a 26.2% compound annual growth rate (CAGR). The predicted growth during this period is primarily due to the rising demand for industrial mobility for remote process industry management, data surge, cost-effectiveness, agility, and flexibility, along with data mobility. Future trends during the forecasted duration encompass software storage solutions, increased usage of hybrid cloud, containerization, edge computing, and open-source SDS.
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What trends are poised to drive the future success of the software defined storage market?
Prominent companies in the software defined storage market are pioneering fresh technologies such as on-premise storage solutions to establish a competitive advantage. On-premise storage solutions denote data storage setups and infrastructures physically situated within a corporation's premises, allowing direct stewardship and governance over data storage, independent of external cloud services. These solutions function as software-defined storage, delivering adjustable and expandable data management within a local framework. For example, in April 2022, Viking Enterprise Solutions, an American firm providing high-end data centre products, introduced Cloud Native Obsidian (CNO), an on-premise storage solution conceptualized to offer businesses a cost-effective substitute to public cloud storage platforms. CNO, employing cloud-native technology and an object-and-file storage blueprint, enables firms to have complete authority over their data storage. The framework of Cloud Native Obsidian (CNO) simplifies storage management, offers localized storage capacity with superior latency performance, and annuls traditional RAID (Redundant Array of Independent Disks) hardware constraints by allowing the accretion of suitable storage nodes to CNO clusters. Thus, it effectively counters issues like erratic fees, performance snags, and the demand for enhanced control over data.
Which primary segments of the software defined storage market are driving growth and industry transformations?
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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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.
Who are the influential players reshaping the software defined storage market landscape?
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.
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What Is Covered In The Software Defined Storage Global Market Report?
•Market Size Forecast: Examine the software defined storage market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the software defined storage market for a structured understanding.
•Key Players Overview: Analyze major players in the software defined storage market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the software defined storage market.
•Segment Contributions: Evaluate how different segments drive overall growth in the software defined storage market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the software defined storage market.
•Industry Challenges: Identify potential risks and obstacles affecting the software defined storage market.
•Competitive Landscape: Review strategic developments in the software defined storage market, including expansions, agreements, and new product launches.
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