Software-Defined Storage Adoption in Asia-Pacific Driven By Rapid Digitalization and Advancements in IT Infrastructure

With increasing number of IT industries and growth of Small and Medium Businesses (SMBs) in the countries of Asia-Pacific (APAC), the region is expected to witness the highest growth rate during the forecast period

(EMAILWIRE.COM, August 28, 2018 ) 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.

The absence of skilled workforce for effective deployment of SDS infrastructure and security & reliability concerns in virtual cloud storage are the factors hindering the growth of the Software-Defined Storage market. There is a need to educate the customers and define the actual importance of SDS. SDS vendors need to offer improved solutions that reduce the risk of storing the data on cloud.

Software-Defined Storage market is expected to grow from USD 4.72 Billion in 2016 to USD 22.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 36.7%. Exponentially growing data volume across enterprises, rise in “software defined” concept, and the need for cost optimization in data management are some of the major driving factors for the SDS market. Furthermore, avoiding downtime of storage infrastructure and competitive market environment due to its being an innovative technology are expected to provide opportunities for the growth of the SDS market.

Dell, 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 Software-Defined Storage market, whereas Atlantis (California, U.S.), DataCore (Florida, U.S.), Ericsson (Stockholm, Sweden), Intel (California, U.S.), Maxta (California, U.S.), Microsoft (Washington, U.S.), Nexenta (California, U.S.), Nutanix (California, U.S.) Pivot3 (Texas, U.S.), and SwiftStack (California, U.S.) are identified as key innovators in the market.

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