Software-Defined Storage Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Software-Defined Storage Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Technology & Media | PPT format

Report Digest


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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.