Software Defined Storage Market Estimated To Grow At A CAGR Of 24.37% By 2032

As per Zion Market Research, Software Defined Storage Market was valued at USD 14.23 Billion in 2023 and is projected to hit USD 101.31 Billion by 2032, with a compound annual growth rate (CAGR) of 24.37% during the forecast period 2024-2032. Software defined storage allows organizations and users to separate or abstract storage resources from the primary hardware platform for higher efficiency, flexibility, and faster expandability by making storage resources more programmable. Software defined storage is one of the novel technologies trending in the business storage market and can function on any industrial standard servers & disks. Software defined software is more dependent on its software than the hardware it sits on.

Some of the leading players in the global market are Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; Commvault Systems Limited; Fujitsu Limited; Infinidat Limited; SCALITY INC.; IBM Corporation; Nutanix, Inc.; Dell Technologies Inc.; VMWare, Inc.; NetApp, Inc.; Oracle Corporation; Inspur Systems Inc.; Hitachi Vantara Corporation; and Hewlett-Packard Enterprise.

Cost-Effectiveness And Better Flexibility Driving The Global Software Defined Storage Market

The emergence of cloud technology has resulted in computing & networking by cloud-based infrastructure. Cost efficiency and higher flexibility have boosted the expansion of the software defined storage market. Software defined storage aids in lowering the overall infrastructure capital investment, therefore impelling the development of the global market. Cloud infrastructure is the latest trend as many organizations have implemented cloud services for networking, computing, and storing data with the help of cloud infrastructure.

A drastic change to cloud infrastructure is expected as cloud computing is an area of interest lately. Software defined storage is an important part of cloud infrastructure. Its infrastructure can develop a converged operational model considering conventional technologies for providing powerful application services, which is anticipated to drive the demand for software defined storage over the estimated period.

The global software defined storage market is bifurcated on the basis of component, software, service, usage, organization size, industry vertical, and regional analysis. Based on the component, the market is divided into service and platform/solution. Based on the software, the market is divided into data security & compliance software, SDS server, data management, SDS controller software, and storage hypervisor. Based on the service, the market is divided into support & maintenance, consulting & training, deployment & testing, SDS service, and training & consulting.

Based on the usage, the market is divided into surveillance, storage provisioning & high availability, data backup & disaster recovery, and others (DevOps). Based on the organization size, the market is divided into large enterprises and small & medium businesses. Based on the industry vertical, the market is divided into telecom & ITES, education, healthcare, logistics & warehouse, BFSI, media & entertainment, and others.

Asia Pacific Region Will Register Massive Growth In The Global Software Defined Storage Market

Based on geographical analysis, the global software defined storage market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is remarkably overshadowing other regions concerning the implementation of the online transaction. As stated by RBI, the mobile payment transaction volume surged by almost USD 10 billion in 2018. This aspect is resulting in creating a massive amount of data through the daily transactions which organizations have to process, which is propelling the need for software defined storage solutions to advance their process performances. With the strong operational transmissions, the cloud services & solutions across the region are expected to grow.

Browse the full “Software Defined Storage Market - by Component (Solution, Services), by Application (Logistics and Warehouse, Education Telecom and ITES, Media and Entertainment, Healthcare, Others), by Usage Type (Data-Backup and Disaster-Recovery, Surveillance, High Availability, Storage Provisioning), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/software-defined-storage-market

The global software defined storage market is segmented as follows:

By component

• Service
• Platform/solution

By software

• Data security & compliance software
• SDS server
• Data management
• SDS controller software
• Storage hypervisor

By service

• Support and maintenance
• Consulting & training
• Training & consulting
• Deployment & testing
• SDS service

By usage

• Data backup & disaster recovery
• Surveillance
• Storage provisioning & high availability
• Others (DevOps)

By organization size

• Large enterprises
• Small & Medium Businesses

By industry vertical

• Telecom & ITES
• Education
• Healthcare
• Logistics & warehouse
• Media & entertainment
• BFSI
• Others

By region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • 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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