Global Software Defined Storage Market Predicted to Reach USD 40.2 Billion by 2026

23-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Software Defined Storage Market By Usage (Data Backup & Disaster Recovery, Surveillance, Storage Provisioning, and Others), By Solution (SDS Server, SDS Controller Software, Data Security, Data Management, and Others), By End-User Industry (BFSI, Telecom, Manufacturing, Education, Media & Entertainment, Healthcare, Information Technology, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Software Defined Storage market in 2019 was approximately USD 5.36 Billion. The market is expected to grow at a CAGR of 25% and is anticipated to reach around USD 40.2 Billion by 2026.

Software defined storage is an effectual and economical solution using which the workload is managed on software defined servers. The increasing generation of large amount of data has led to the emergence of the software defined networking & storage. The building of a congregated operational model with the help of software defined storage infrastructure to provide dynamic application services is projected to help escalate the market expansion.

Browse the full “Software Defined Storage Market By Usage (Data Backup & Disaster Recovery, Surveillance, Storage Provisioning, and Others), By Solution (SDS Server, SDS Controller Software, Data Security, Data Management, and Others), By End-User Industry (BFSI, Telecom, Manufacturing, Education, Media & Entertainment, Healthcare, Information Technology, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-software-defined-storage-market-by-usage-data-875

Market Drivers:

The global Software Defined Storage market is growing at a steady pace owing to the increasing demand for better data storage solutions across the world. Furthermore, the advancing cloud-based infrastructure is one of the primary reasons propelling the growth of the global Software Defined Storage market. The adoption of virtualization technologies by the small and medium scale or even large scale enterprises has propelled the growth of the Software Defined Storage market. In addition to this, the surging popularity of new technologies like BYOD and Big Data is likely to offer more incentive for the growth of the targeted market. The cost-effectiveness and better flexibility of the cloud-based infrastructure for high storage management and data protection capabilities is estimated to lower the overall infrastructure capital expenditure which, in turn, will bolster the Software Defined Storage market. However, the rising data theft cases are projected to restrain the adoption of cloud SaaS and IaaS.

Market Segment Dominance:

• Data backup & disaster recovery category is expected to hold the majority of the market share

The data backup and disaster recovery usage segment is anticipated to dominate the global Software Defined Storage market owing to the increasing concerns over data theft in the massive data storing organizations and massive data storage solutions. The growing demand for cost-effective and highly secure software is the primary reason propelling the category on the global platform.

• BFSI is expected to lead the market during the forecast period

The BFSI industry is projected to dominate the global Software Defined Storage market owing to the high demand for highly effective data backup plans. Additionally, the high security concerns and surging data in this sector helps the market expand. On the other hand, the healthcare industry exhibits highest growth rate owing to the escalating expenditure in the healthcare sector on a global scale.

Regional Dominance:

• North America is expected to dominate the global Software Defined Storage market

North America is projected to dominate the market during the forecast period owing to the increasing number of software defined storage solution companies in the region. In addition, the high popularity and acceptance of software defined storage in the U.S. is likely to help expand the market. Likewise, Asia Pacific is predicted to follow North America during the forecast periods.

Report Scope

Key Market Players:

Some of the key players in the global Software Defined Storage market include Huawei Technologies Co., Ltd., Cisco Systems, Inc., SCALITY Inc., IBM Corporation, Dell EMC, Nutanix, Inc., Fujitsu Limited, Infinidat Limited, Oracle Corporation, Commvault Systems Limited, Hitachi Vantara Corporation, VMWare, Inc., Inspur Systems Inc., NetApp, Inc., and Hewlett-Packard Enterprise.

This report segments the global Software Defined Storage market as follows:

Global Software Defined Storage Market: Usage Segmentation Analysis

• Data Backup & Disaster Recovery
• Surveillance
• Storage Provisioning
• Others

Global Software Defined Storage Market: Solution Segmentation Analysis

• SDS Server
• SDS Controller Software
• Data Security
• Data Management
• Others

Global Software Defined Storage Market: End-User Industry Segmentation Analysis

• BFSI
• Telecom
• Manufacturing
• Education
• Media & Entertainment
• Healthcare
• Information Technology
• Others

Global Software Defined Storage Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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