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Major Growth Driver Identified in 2025 Software Defined Storage Market: Growth In Data Volume Fuels Growth In The Software Defined Storage Market
Software Defined Storage
Software Defined Storage Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of software-defined storage has seen exponential growth in past years. The estimation shows that the growth rate will increase from $27.89 billion in 2024 to $35.15 billion in 2025, with a compound annual growth rate (CAGR) of 26.1%. The expansion during the historic period is due to the swift increase in data volume across businesses. The rapidly growing amount of unstructured data, the rising adoption of advanced technology for enhancing market growth, the necessity for efficient data management, and cloud integration have all contributed to this exceptional growth.
Software Defined Storage Market Size Forecast: What's the Projected Valuation by 2029?
The market for software defined storage is set to experience tremendous growth in the coming years, reaching a size of $89.19 billion by 2029 at a CAGR (compound annual growth rate) of 26.2%. This anticipated boom in the projected period can be ascribed to the heightened need for industrial mobility which facilitates remote management of processing industries, the growth of data, cost-effectiveness, adaptability and flexibility, and data mobility. The predictive period also signals prominent trends such as software storage resolutions, the adoption of hybrid cloud, containerization, edge computing, and open source SDS.
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What Are the Drivers Transforming the Software Defined Storage Market?
The software defined storage market's expansion is predicted to be fueled by the swift increase in data volumes. Data volume pertains to the quantity of data generated, collected, processed, or stored within any specific system or context. This swift increase is primarily due to the rising digitization encompassing various life aspects such as business operations and social interactions, contributing to a ceaseless production of digital data. Software-defined storage proficiently handles and virtualizes vast data volumes, thereby augmenting scalability and flexibility for contemporary storage environments. Enterprises can utilize SDS to augment storage on-demand, satisfying increasing data volumes and performance needs while diminishing upfront hardware prices, upkeep expenses, and administrative intricacy compared to conventional storage systems. As an example, the Linux Foundation, a non-profit consortium based in the US, reported in December 2022, an end-user organization with up to 20 petabytes of storage capacity saw an annual data growth from 566 terabytes (TB) in 2021, surging to 1,746 TB in 2022. Likewise, the yearly data growth for organizations with up to 25 petabytes of storage capacity, remarkably hit 2,208 terabytes (TB) in 2022, which is three fold compared to 2021's 700 TB. Consequently, the swift surge in data volumes will catalyze the expansion of the software defined storage market.
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What Long-Term Trends Will Define the Future of the Software Defined Storage Market?
Leading companies in the software defined storage market are crafting innovative technologies like on-premise storage solutions as a strategy to outmaneuver competitors. These on-premise storage solutions are data management frameworks and systems that are situated physically within an organization's property, offering direct manipulation and oversight capabilities over data storage, negating the need for dependence on external cloud services. They function as software-defined storage, rendering adaptable and expandable data management within a local infrastructure. As an illustration, Viking Enterprise Solutions, a US enterprise specialized in cutting-edge data center products, introduced Cloud Native Obsidian (CNO), an on-premise storage solution, in April 2022. This product is designed to fulfill the enterprise's needs by serving as an affordable substitute for public cloud storage platforms. The cutting-edge technology CNO employs is cloud-native and it uses an object-and-file storage architecture to deliver businesses complete autonomy over their data storage. The Cloud Native Obsidian (CNO) system simplifies storage management, offering localized storage capacity with superior latency performance and bracing away from conventional RAID (Redundant Array of Independent Disks) hardware restrictions by allowing the integration of certified storage nodes to CNO clusters. With these advantages, it caters to addressing issues such as unpredictable fees, performance glitches, and the increasing need for greater data control.
Which Segments in the Software Defined Storage Market Offer the Most Profit Potential?
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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Which Firms Dominate the Software Defined Storage Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Software Defined Storage Market?
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.
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