Global Software Defined Storage Market was valued at USD 9.40 Billion in 2019 and is expected to reach over USD 43.69 Billion by 2026, growing at a CAGR of around 25.3% during the forecast period from 2020 to 2026. SDS stands for Software Defined Storage, which is a computer application that maintains data storage resources and functionality without relying on physical storage hardware. Unlike typical NAS or SAN systems, SDS is often designed to run on any industry-standard or x86 system, removing the software’s reliance on proprietary hardware. The exponential growth of unstructured data has created a higher requirement for a scale-out storage architecture, which has contributed to the increase of SDS products. Furthermore, the SDS market is predicted to develop due to an increase in cloud infrastructure adoption and the multiple benefits it provides, such as cost effectiveness, improved flexibility, automation, and the rising value of unstructured data.
Companies have switched their focus toward new technologies to get a competitive advantage as a result of the competitive climate. By automating process controls and replacing traditional hardware with software, the use of SDS helps to save costs. The demand for SDS solutions in small and medium-sized businesses is driven by the desire to improve efficiency and business processing data centres. Other drivers that drive SDS adoption include increased cost savings, flexibility, IT expense reduction, automation requirements, and the value of instructional data. However, the market’s growth is hampered by a scarcity of experienced resources to manage an effective SDS environment.
The top Leading Market Players Covered in this Report 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..
The top players in the worldwide Software Defined Storage market are highlighted in the report. The report includes a full description of the important players, including their operating profits, functional areas, competitive landscape, and recent developments. Whereas, regional presence, expenditure on research & development projects, distributors, and the range of services offered are all taken into account when conducting a competitive analysis. These prominent players were also chosen based on the aforementioned characteristics. All of these elements will enable the user to concentrate on the most important parameters and set objectives in order to be competitive in the global market.
Market Segmentation By Types – Cloud-Based, On-Premises
Market Segmentation By Application – Logistics And Warehouse, Education Telecom And ITES, Media And Entertainment, Healthcare, Others
The global market study is divided into segments and sub-segments depending on a variety of factors. Within the global Software Defined Storage market, several potential, ongoing trends for each segment and sub-segment are addressed. The chapter provides precise volume and value projections and calculations for the forecast period 2021-2027. This allows the user to focus on the most important corner of the industry and the variables that are driving its growth in the Software Defined Storage industry. The report study also explains why the other categories of the global market are growing at such a slow or constant pace.
The global Software Defined Storage market is divided into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The regional data offered in the study will assist the user in classifying notable worldwide Software Defined Storage market opportunities that exist in various areas and nations. The study also includes an analysis of revenue and volume in each area, as well as their respective countries.
COVID-19 Impact analysis
The influence of the COVID-19 pandemic crisis on market scenarios is the basis for the Covid-19 analysis. This contains the financial impact of the Covid-19 outbreak on the market segments, regional markets, and entire industry. The research also includes a full impact analysis that takes into account all government policies enacted during the pandemic period, interim shutdowns of production units, the current incarnation of the supply chain, and their potential impacts on overall market growth. The market research on COVID-19 impact analysis will aid users in comprehending global demand for products & services and thus implementing an effective business strategy to compete with competitors.
Who will get the benefit of this report?
The study prepared by Zion Market Research can benefit small & large manufacturers, private equity firms, investors, government organizations, suppliers, and retailers functioning in the global Software Defined Storage market. The study presents market analysis in a straightforward style that is simple to read and comprehend. This would also aid entrepreneurs in comprehending all aspects of the worldwide Software Defined Storage market.
Why should buy this report from Zion?
The Zion Market Research study on the Software Defined Storage market is a thorough analysis incorporating numerous elements that are crucial to the market’s growth and dynamics. The crucial facts and data provided in the research for the Software Defined Storage market for the projected period of 2021-2027 will serve as a helpful resource for users seeking direction in making decisions to strengthen their present position in the market or enter the industry.
The Zion Market Research is based on the combination, evaluation, and comprehension of data about the global market acquired from many sources. The research analyst’s vision is formed from primary and secondary research in order to present a comprehensive picture of the market. The global Software Defined Storage market research was created by taking into account major driving drivers, prospective threats, important revenue pockets, and the most recent trends & prospects.