Software Defined Storage Market By Component, By Storage Usage, By Organization Size, By Application and by Geography – Global Forecast to 2025

 

Software Defined Storage Market

The demand for efficient data storage management solutions is largely driven by the rate at which data is being generated. Businesses all over the world are placing emphasis on the adoption of software-defined networks and storage systems in order to give their operations stability and agility. Because software-defined storage reduces network congestion, gives flexibility in network architecture, and is time and cost effective, there is a significant demand among telecom providers in particular. In addition, benefits like task automation and quick innovation provided by SDS are drawing a lot of interest and pushing businesses to invest in software-defined storage systems.

Due to the advent of the Big Data technologies, the Software Defined Storage Market is predicted to grow. The sector is growing as a result of technological profusion and the high degree of flexibility provided by SDS technology. Through effective data traffic and resource management, software-defined storage systems assist in controlling and managing complicated networks.

Due to advantages like data storage management on cloud-based systems, the Software Defined Storage Market is anticipated to experience a notable increase. The need for SDS solutions is being driven by the desire to reduce the increasing costs associated with building infrastructure and data centres on the world.

However, because to things like interoperability problems, the industry's growth is predicted to be constrained. Due to reliability and security issues, the growth is further constrained. Because of the vulnerability of the software-defined systems within the cloud infrastructure to hacking attacks, there are less opportunities for business growth.

Applications-based divisions of the Software Defined Storage Market include Banking, Financial Services and Insurance (BFSI), IT services, government, education, manufacturing, healthcare, and others. The demand for SDS in the IT services sector has increased as a result of the software industry's escalating need for managing enormous amounts of data. Over the next seven years, the BFSI application segment, which made up over 17% of the market in 2015, is anticipated to grow at the fastest rate. The need for constant data accessibility in banks and other financial institutions can be blamed for the increase in demand.

Top companies are- Dell, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Citrix Systems Inc., Netapp, Inc., Seagate Technology, Vmware Inc., and Western Digital Corporation.

Read the Press Release of Software Defined Storage Market

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