The software defined storage (SDS) market size is
expected to reach USD 17,461.9 million by 2024, according to a new study
conducted by Grand View Research, Inc.
The
emergence of the Big Data technology is anticipated to impel growth in the
global software defined storage market. Technological propagation, coupled with
benefits such as high flexibility and cloud storage, is instrumental in keeping
the industry prospects upbeat. The technology facilitates the efficient
management and control of complex networks through proficient resource data
traffic management.
The
advancements in the cloud technology, its availability, and wider access to
cloud-based platforms are favorably impacting the industry. Various enterprises
across the globe are experiencing the need for minimizing infrastructure
development and data storage center costs which are significantly contributing
toward theexpansion of the industry.
 |
| North America Software Defined Storage Market revenue, 2014 - 2024 (USD Million) |
Enterprises
across diverse verticals are generating excessive data, creating the need for
effective data storage management solutions. SDS solutions offer high agility
and robustness to businesses along with cost and time efficiency.
The
industry is projected witness significant growth in the developing markets of
South America and the Asia Pacific regions, owing to thestrong growth of the
small-scale industries. The need for improving the efficiency and business
processesin data centers is driving the demand for SDS solutions in small and
medium-sized enterprises.
Browse full
research report on Software Defined Storage Market:
www.grandviewresearch.com/industry-analysis/software-defined-storage-sds-market
Further key
findings from the study suggest:
- The BFSI segment dominated the global software
defined storage industry, accounting for over 17% of the market share in
2015. The large-scale data generation in the banking and financial
institutions and the need for incessant data availability are leading to
the large-scale adoption of SDS solutions in the BFSI sector.
- The North American regional market accounted
for over 40% of the global revenue share in 2015. The strong presence of
software defined storage solution vendors in the region is expected to
contribute to the industry growth in the region. Asia Pacific is expected
to emerge as the fastest-growing regional market. The rise of small-scale
industries in the developing markets of India and China is driving the
regional growth.
- Small and medium-sized enterprises accounted
for over 30% of the global revenue share in 2015. The growth of Small and
Medium-Sized Business (SMB) units across the globe, owing to the favorable
government initiatives, is substantially driving the demand for SDS
solutions among the small and medium-sized enterprises.
- The major vendors include Brain Corporation
(U.S.), Hewlett-Packard (U.S.), HRL Laboratories, LLC (U.S.), Intel
Corporation (U.S.), Numenta, Inc. (U.S.), and Vicarious FPC, Inc. (U.S.).
Industry vendors are emphasizing on new product developments and forming
technology alliances to gain a competitive edge in the industry.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/network-security-software-and-services
Grand View Research has segmented the global software defined storage
market on the basis of application, company size, and region:
Software
Defined Storage Application Outlook (Revenue, USD Million, 2014 - 2024)
- BFSI
- Education
- IT
Services
- Government
- Manufacturing
- Healthcare
- Others
Software
Defined Storage Company Size Outlook (Revenue, USD Million, 2014 - 2024)
- Small
& medium-sized enterprises
- Large
enterprises
Software
Defined Storage Regional Outlook (Revenue, USD Million, 2014 - 2024)
- North
America
- Europe
- Asia
Pacific
- South
America
- Middle
East & Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-software-defined-storage-sds-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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