Global Software Defined Storage Market Overview 2023-2028
The global software defined storage market size reached US$ 22.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 107.1 Billion by 2028, exhibiting a growth rate (CAGR) of 28.4% during 2023-2028.
Software defined storage (SDS) is a computer storage that abstracts and decouples storage hardware from the software for its management and control. It comprises file-based SDS and block-based SDS, which is designed for managing block storage, typically used for databases and virtual machines. It often includes advanced analytics and monitoring capabilities, providing insights into storage performance and usage, which can help organizations optimize their storage environments. It is often policy-driven, allowing administrators to define storage policies that dictate how data is stored, protected, and replicated. It is designed to be compatible with a wide range of storage hardware, making it easy to integrate with existing infrastructure and support diverse storage devices. It enables organizations to adapt quickly to changing storage needs. It simplifies storage provisioning and management, reducing the time required to respond to evolving requirements. It optimizes hardware utilization and reduces the need for constant hardware upgrades.
Global Software Defined Storage Market Trends and Drivers:
At present, the increasing adoption of hyper-converged infrastructure (HCI), wherein organizations are converging storage, computing, and networking components into a single software-defined platform, represents one of the crucial factors impelling the growth of the market. Besides this, the demand for cloud-native SDS solutions is rising, as businesses seek to leverage the scalability, agility, and cost-efficiency of cloud environments. This shift towards cloud native SDS is also facilitated by the proliferation of hybrid and multi-cloud strategies, necessitating SDS solutions that can seamlessly manage data across diverse cloud environments. In addition, the growing importance of data-driven decision-making is prompting organizations to invest in SDS solutions that can provide real-time data access and analytics capabilities. Furthermore, the increasing importance of data security and compliance is driving the adoption of SDS solutions that offer robust data protection and encryption features, catering to the stringent regulatory requirements that organizations face. Furthermore, the growing trend of remote and hybrid work environments is encouraging organizations to seek SDS solutions that can provide seamless access to data from various locations.
Global Software Defined Storage Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Cisco Systems Inc., Citrix System, Inc., DataCore Software, Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise Co, Inspur Systems Inc., Intel Corporation, International Business Machines Corporation, Nutanix, Inc., Pure Storage Inc., VMWare Inc., etc.
The report segmented the market on the basis of region, type, components, size of enterprise, application, and industry vertical.
Type Insights:
- Block
- File
- Object
- Hyper-converged Infrastructure
Components Insights:
- Solution
- Data Management
- Data Security and Compliance Software
- Software-Defined Storage Controller Software
- Software-Defined Storage Server
- Storage Hypervisor
- Others
- Service
Size of Enterprise Insights:
- Small and Medium-sized Enterprise
- Large Enterprise
Application Insights:
- Surveillance
- Data Backup and Disaster Recovery
- Storage Provisioning and High Availability
- Others
Industry Vertical Insights:
- BFSI
- Telecom and IT
- Government
- Education
- Logistics and Warehouse
- Media and Entertainment
- Others
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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