Market Synopsis
The global Software-Defined Storage Market is estimated
to grow from USD 4.72 Billion in 2016 to USD 18.5 Billion by 2022, with a CAGR
of 27% by the end of the forecast period.
In this fiercely competitive environment, organizations have
started paying concentrating on modern technology to have a cutthroat edge over
their opponents. By the utilization of SDS, this assists in reducing the cost
by automating process controls and by replacing the traditional hardware by
software.
Key Players
The distinguished players in the market of software-defined
storage market are SwiftStack(USA), EMC(UK), NetApp(US), IBM(US), Juniper
Networks, Arista Networks(US), HP(US), Ericsson(Sweden), Big Switch
Networks(USA), Brocade(US), NEC(US), VMware(US), 6Wind(France),
Cisco(US), Avaya(California), and others.
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Software-define storage is a central part of the
software-defined data center and is an upcoming information technology (IT). It
has been designed for enterprises to collect business data and implement the
on-time delivery of IT services. The expansion of the Software-defined storage
market is upsurge by the adequate and efficient management of unstructured
data, whereas the assimilation of several analytics solutions with the
Software-define storage solutions for big data management amends the price and
assists to propel the business.
The market of Software
Defined Storage Market Research appears to be fiercely cut-throat. To
maintain and establish their market position and to drive the market expansion,
several compelling and varied international enterprises, domestic organizations
and as well as new entities create a competitive environment. Market leaders
are innovating constantly and continuously achieving market growth through
several strategic innovation and unique ideas, economic product portfolio,
mergers and acquisitions, increased expense for research and development. Major
competitors are spending immensely on acquiring other firms and internal
research and development.
Software-Defined Storage Global Market
Segmentation
The Software-Defined Storage Market can be segmented into 6
important segments. The segmentation is on the basis of region, end-user,
organization size, usage, software, and component.
On the basis of region, the market can be classified into
Europe, Asia Pacific, North America and the Rest of the World (RoW).
On the basis of end-user, the market can be classified into
Banking, Financial Services, and Insurance (BFSI), Comprises Education, Media,
and entertainment, Logistics, and warehouse, Comprises Education, and
others.
On the basis of organization size, the market can be
classified into large enterprises and Small and Medium Businesses.
On the basis of usage, the market can be classified into
Storage provisioning and high availability, Comprises Surveillance, Data backup
and disaster recovery, and others.
On the basis of software, the market can be classified into
data management and storage hypervisor, Comprises SDS server, SDS controller
software, compliance software, data security, and others.
On the basis of components, the market can be classified into
Platforms/Solutions (Data Security & Compliance, Data Management,
Software-Defined Server, Controller, and Hypervisor) and Services among others.
Regional Analysis
The Software-Defined Storage market can be classified into
four regions which include Asia Pacific, North America, Europe, and the Middle
East and Africa (MEA).
North American market is appearing as the fastest expanding
market and is estimated to be the largest market by the end of the review period
owing to the rising demand of smart safety devices and also due to the major
competitors in the North American region like Dell and NetApp. The North
American market is followed by Europe and the Asia Pacific as the second
largest and the third-largest market for Software-Defined Storage solutions.
The increase in demand for intelligent safety devices can propel the expansion
of the North American market.
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