Software Defined Storage Market is expected to grow at 39%, may reach $42 billion by 2023

October 18 21:30 2017

Software Defined Storage – Global Market Outlook (2017-2023)
A new research document with title ‘Software Defined Storage – Global Market Outlook (2017-2023)’ covering detailed analysis, Competitive landscape, forecast and strategies.Software Defined Storage Market now pegged at $4.18 Billion and may grow ten times to reach $42.1 billion by 2023.

 The study covers geographic analysis that includes regions like United States, EU, Japan, China, India, Southeast Asia and important players/vendors such as Amplidata Inc., Citrix Systems Inc., Dell Inc., EMC Corporation etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2023

 

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According to Research, the Software Defined Storage Market is accounted for $4.18 billion in 2016 and expected to grow at a CAGR of 39.0% to reach $42.1 billion by 2023. Factors like growth in the volume of data across enterprises, rise of software-defined (SD) concept and cost optimization in managing hardware are boosting the market growth. Absence of skilled workforce for effective deployment of SDS infrastructure and security and reliability concerns in virtual cloud storage will impede the market growth. Furthermore, competitive market environment and downtime avoidance of storage infrastructure provide wider opportunity for the market to grow.

 

Banking, Financial Services, & Insurance (BFSI) application segment accounted for largest market revenue because it gives analysts sufficient time to plan and manage their data to comply with evolving government regulations. Software-Defined Storage Controller Software is expected to grow significantly during the forecast period. The security, and support & maintenance services are expected to grow at the highest CAGR during the forecast period. Asia-Pacific is expected to be the fastest growing region due to technological advancement with the increasing IT number of companies. North America is the largest market because many companies are adopting software-defined solutions in their data centers.

Some of the key players in global Software Defined Storage market are Amplidata Inc., Citrix Systems Inc., Dell Inc., EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Hitachi Data Systems, IBM Corporation, Microsoft Corporation, Netapp, Inc., Nexenta Systems, Inc., OpenText Corporation, Seagate Technology and Scality*, Vmware Inc. and Western Digital Corporation.

 

Applications Covered:

• Banking, Financial Services, & Insurance (BFSI)

• Education

• Government

• Healthcare

• Logistics and Warehouse

• Manufacturing

• Media and Entertainment

• Telecom & IT

• Other Applications

 

Usages Covered:

• Data-Backup and Disaster-Recovery

• Storage Provisioning and High Availability

• Surveillance

• Other Usages

 

Components Covered:

• Platforms/Solutions

o Data Management

o Data Security and Compliance Software

o Software-Defined Storage Controller Software

o Software-Defined Storage Server

o Storage Hypervisor

• Services

o Deployment and Testing

o Security

o Support and Maintenance

o Training and Consulting

o Other Services

 

 

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/717519-software-defined-storage-global-market-outlook

 

Organization Sizes Covered:

• Small and Medium Enterprises (SMES)

• Large Enterprises

 

Regions Covered:

• North America

o US

o Canada

o Mexico

• Europe

o Germany

o UK

o Italy

o France

o Spain

o Rest of Europe

• Asia Pacific

o Japan

o China

o India

o Australia

o New Zealand

o South Korea

o Rest of Asia Pacific

• South America

o Argentina

o Brazil

o Chile

o Rest of South America

• Middle East & Africa

o Saudi Arabia

o UAE

o Qatar

o South Africa

o Rest of Middle East & Africa

 

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 What our report offers:

 – Market share assessments for the regional and country level segments

– Market share analysis of the top industry players

– Strategic recommendations for the new entrants

– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets

– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

– Strategic recommendations in key business segments based on the market estimations

– Competitive landscaping mapping the key common trends

– Company profiling with detailed strategies, financials, and recent developments

– Supply chain trends mapping the latest technological advancements

 

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 Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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