Software-Defined Storage Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Software-Defined Storage Market: Snapshot
The global software-defined storage market is foreseen to roof a high intensity competitive landscape on account of a number of companies entering the scene due to the interrelation of technologies such as virtualization and cloud computing. Although the level of competition could be on a higher side, it is expected of several companies to lose their grip on the market due to reduced revenues and low operating margins. Nonetheless, such companies are prognosticated to cope with their diluting shares in the market with the constant development of novel software-defined storage technologies having gained a whole lot of demand in the recent time.
A large count of organizations operating in North America are adopting software-defined storage technologies at a telling rate, owing to benefits such as the enhancement of their business efficiency and processes. This is particularly prophesied to augur well for the growth of the global software-defined storage market.
Vendors could look to tap into the need to automatically retrieve data recovery process and minimize backup problem. Software-defined storage solutions could also be engaged to resolve vendor lock-in issue, especially for procuring hardware from storage suppliers. This helps in facilitating the easy execution and management of storage operations. The IT services industry could bring in some bankable opportunities in the global software-defined storage market because of the escalating need to manage enormous amounts of information. The perpetual availability of data in banks and other financial organizations is envisaged to further the demand in the banking, financial services, and insurance (BFSI) industry.
Global Software-Defined Storage Market: Overview
The international software-defined storage (SDS) market is prognosticated to nurture its growth with the emergence of various application areas such as telecom and information technology enabled services (ITES). The telecom and ITES sectors have always been at the mercy of the need to efficiently manage and store the ever-rising proportion of the data generated on a daily basis. In this regard, the SDS solutions are predicted to see a sharp rise in adoption. Aside from the aforementioned stimulator of the global market, the demand for data management with cost optimization and lionization of ‘software-defined’ as a concept have raised the bar of growth.
As a scrupulous segmentation of the global SDS market, services and platforms component, organization size, usage, and application could be the prime categories. Our analysts can provide a thorough customizable study of all the vital segments and their forecast values.
This report on the global SDS market can also be tailor-made for other sections in discussion. Any buyer of the report, whether a dominant or aspiring market player, can look forward to a perpetual growth in the industry with key valuations and factors evaluated painstakingly.
Global Software-Defined Storage Market: Trends and Opportunities
A meticulous analysis of the world SDS market could mark support and maintenance and security as the key areas that are expected to stimulate growth at a higher CAGR. Nonetheless, the award for contributing to the global market at a larger rate could be given to training and consulting, considering a few but prime drivers. Security services could achieve a colossal demand with regard to the fact that customers, partners, and business units have been terribly struggling with data security issues. This has aroused the need to shun away improved attacks and lateral moving ultimatums on business data. With SDS security services, all such data threats can be easily alleviated. Besides this, the sharing of data can be executed smoothly and without the fear of any security attacks.
The SDS controller software market is anticipated to have enough wings to soar at the maximum growth rate between the forecast years. The demand is foreseen to enter into the picture with the multiple usages of the SDS controller software. It can be employed for optimizing a complete datacenter infrastructure, surveilling stored data, abstracting latent compound storage infrastructure, and automating and simplifying storage.
Global Software-Defined Storage Market: Regional Outlook
North America is poised to become of the largest adopters of SDS services on the back of the governments of various countries in the region supporting the idea of complete digitalization. As a result, there have been multiple digitalization projects initiated in most North American countries. Until the end of the forecast period, the region is predicted to continue leading the global SDS market. Growth opportunities for the global market is not only limited to North America, the Asia Pacific region is prophesied to develop at a faster pace than the other regional markets. With the aggressive establishment of IT companies, Asia Pacific is envisaged to witness a high level of technological advancement. The advent of storage virtualization services is helping small and medium enterprises (SMEs) to relax their IT expenditure.
Global Software-Defined Storage Market: Companies Mentioned
The major companies in the international SDS market are not just relying on mergers and acquisitions or related strategies to further their growth, customer education is a key action plan commonly adopted to restrict the challenges. The vendors are envisioned to invest in educating their customers about the realistic significance of employing SDS. This is expected to critically dilute the constraint of the concerns pertaining to the reliability of virtual cloud storage. Various companies are also dealing with the lack of skilled employees to make their presence known in the global market. Players such as IBM, HPE, Fujitsu, EMC Corporation, and Dell have successfully grabbed the much needed attention in the SDS industry.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
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