Software Defined Storage Market Revenue, Company Growing Demand, Top Companies, Regional Outlook Up To 2025

 

Software Defined Storage

A marketing phrase for computer data storage software that describes policy-based provisioning and administration of data storage is "software-defined storage" (SDS). The procedure comprises a type of storage virtualization to isolate the storage hardware from the software that controls it and is independent of the underlying hardware. Additionally, policy control for functions like data deduplication, replication, thin provisioning, snapshots, and backup may be offered by a software-defined storage environment.

According to Coherent Market Insights, Software Defined Storage Market to Generate Revenue of US$ 47.2 Billion by 2025

Object-based storage, Network-Attached Storage (NAS), or appliances over a traditional Storage Area Network (SAN) are all possible ways to deploy software-defined storage. SDS has grown in popularity because to its advantages, which include better system performance, web facilitation, and lower maintenance costs. Additionally, a significant component in the Software Defined Storage Market growth is the expansion of the data pool. The report by Coherent Market Insights estimates that 2.6 quintillion bytes of data are produced globally every day.

Independent of the underlying hardware, the term "Software Defined Storage" refers to computer data storage software for policy-based data management. Based on categories including type, component, solution, usage, company size, platform, and end-use, the software-defined storage market may be segmented.

As businesses increasingly use cloud alternatives due to their numerous benefits, including cost savings, enhanced scalability, and high effectiveness, this trend will play a crucial role in the growth of the Software Defined Storage Market during the forecast period. Definable storage software aids in overcoming cloud computing's challenges with data management. By enabling centralised control of multiple storage devices and extending on-site storage features to the cloud, it also contributes to the development of interoperability between on-site and cloud storage devices. As a result, Software Defined Storage Market suppliers are being driven to offer storage products and services that are outlined by cloud software due to the rising popularity of cloud solutions.

Major Companies involved 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.

 

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