Software-Defined Storage Market Latest Trends, Growth, Opportunities and Forecast 2021

[167 Pages Report] Software defined Storage Market categorizes the global market by solutions, services, usage, organization size, application area & geography.

(EMAILWIRE.COM, March 21, 2019 ) The SDS market has potential scope for growth in the years to come due to its advantages over traditional storage system both in terms of functionality and cost effectiveness. Exponential growth in volume of data across enterprises, rise in the “software defined” concept, and need for cost optimization in data management are some of the major driving factors for the market.

[167 Pages Report] The Software Defined Storage market size is estimated to grow USD 22.56 Billion by 2021, at a CAGR of 36.7%.

The objective of the study has been to define, describe, and forecast the global Software Defined Storage market based on platform/solution, service, usage, organization size, application area, and region; analyse the opportunities in the market for the stakeholders, and detail the competitive landscape for the market leaders.

Organizations have to mandatory follow the compliance policies and guidelines for storing and sharing data while securing business-critical information. Also, there is a need to take actions for storing and sharing data while securing the business-critical information. The requirement of security and compliance function in the existing SDS solution while storing the data has increased the demand for this software and is expected to contribute the highest in the overall revenue generation for the SDS market during the forecast period.

Dell (Texas, U.S.), EMC Corporation (Massachusetts, U.S.), Fujitsu (Tokyo, Japan), HPE (California, U.S.), IBM (New York, U.S.), Citrix (Florida, U.S.), NetApp (California, U.S.), Scality (California, U.S.), VMware (California, U.S.), and Western Digital Corporation (California, U.S.) are identified as leaders in the SDS market.

Asia-Pacific (APAC) is expected to be the fastest growing region during the forecast period, as the region is expecting technological advancement with the increasing IT number of companies. Also, the Small and Medium Enterprises (SMEs) in the region are keen on reducing their IT spending by seeking storage virtualization facilities. North America is expected to lead the Software Defined Storage market as the governments in the region have initiated many projects related to digitalization of their countries, which is making the region the largest adopter of SDS solutions.

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