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Software Defined Storage Market : Up-to-Date Analysis of Market Trends and Technological Improvements
Growing cloud based infrastructure has also fuelled the growth of software defined storage market. Rise in the adoption of virtualization technologies by small and medium scale enterprises has fuelled the growth of the software defined storage market globally.
By TMR, the global software defined storage market is projected to progress at a CAGR of 29.2% during the forecast years of 2017 and 2025.
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The end users in the global software defined storage market are industries such as the BFSI, telecom, manufacturing, education, media and entertainment, healthcare, high tech, and others such as logistics and warehouses, and e-commerce. Of these, the BFSI industry is expected to account for the leading share in the global market. The sector is expected to continue its dominance in the coming years as the sector is realizing the urgent need for foolproof data back up plans.
Analysts expect that BFSI industry will progress at a CAGR of 29.4% in the global market over the forecast period.
On the basis of geography, the global software defined storage market is divided into Asia-Pacific, North America, the Middle East and Africa, Europe, and Latin America. Out of all these regions, North America accounted for the dominant market share in 2016 and it is projected to dominate the software defined storage market over the forecast period.
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Asia-Pacific held a considerable market share of the software defined storage market in 2016 and it is likely to have an increasing market share over the forecast period. Adoption of virtualization technologies in this region has eased the expansion of software defined storage market. China held a considerable market share of the software defined storage market in 2016 and it is likely to have a considerable market share over the years to come.
The important players operating in the global software defined storage market are Dell Inc., VMWare, Inc., Dell EMC, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, Hitachi Data Systems Corporation, Hewlett-Packard Enterprise, NetApp, Inc., and Cisco Systems, Inc.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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