Software-Defined Storage Market Current And Projected Industry Size In Terms Of Volume And Value 2019-2027

The Global Software-Defined Storage Marketis projected to reach a value of over USD 47.8 billion by 2027 at a CAGR of around 30.9%.

The Software-Defined Storage is refers to a technology, which is used in data storage management that separates the functions responsible for provisioning capacity, controlling data placement as well as protecting data from a physical hardware on which is stored. Whereas, it benefits with features such as programmability & automation, quick changes & scaling up, and down & greater efficiency. Moreover, it is a part of a larger industry trend which includes software-defined networking (SDN), software-defined infrastructure and software-defined data centers.

Hence, it also permit the user to upgrade or downgrade hardware according to the requirements. These advantage will lead to increase the adoption for the Software-Defined Storage market in the forecast period.

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Software-Defined Storage Market: Drivers & Restraints

Market Driver:

  • Increasing Adoption of SDS Solution in the Banking Sector

With the increasing adoption of SDS solution in the banking sector is witness to boost the growth of the market in the forecast period. As the financial sector required a high storage and high security to perform the tasks. Whereas, the SDS offers a various solution to enhance the operational efficiency by managing the data sets, as well as the data backup and recovery. In 2017, the Bank of America had spent more than USD 250 million, as it switched to software-defined platform while getting rid of three data centers.

Furthermore, with the growing digital platform the data is the most important thing. Where, the software defined platform as well as the storage solution is providing benefits to the bank globally to access, analyze and share the data from office operations. Hence, these trend will fuel the growth of the Software-Defined Storage market in the forecast period.

Market Restraints:

  • Lack of Skilled Workforce

One of the major key concern of the market is the lack of skilled workforce which may hamper the market growth. However, the lack of skilled operators for the managing the transition toward Software-Defined Storage as well as the cyber threat issue are excepted to hinder the growth of the market. Whereas, the effective deployment of SDS infrastructure and reliability concerns in virtual cloud storage will also impact the market growth. Also, the need to educate the customers and to know the actual importance of SDS. Hence, the SDS vendors need to offer enhance solutions which helps to reduce the risk of storing the data on cloud.

Software-Defined Storage Market: Key Segments

  • Segmentation based on Usage Type: Surveillance, Data Backup and Disaster Recovery and Storage Provisioning.
  • Segmentation based on Component: Platform and Services.
  • Segmentation based on Enterprises Size: Small and Medium Enterprises and Large Enterprises.
  • Segmentation based on Application: BFSI, Education, IT Services, Government, Manufacturing, Healthcare and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

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List of the leading companies operating in the Software-Defined Storage Market Market include:

  • Huawei Technologies Co., Ltd (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Cisco Systems, Inc.
  • SCALITY INC.
  • FUJITSU
  • INFINIDAT
  • Dell Inc.
  • IBM Corporation
  • Hewlett Packard Enterprise Development LP
  • VMware, Inc
  • Hitachi Vantara LLC

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Software-Defined Storage Market Market by Region

·         Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)

·         North America (US, Canada, Mexico)

·         Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)

·         Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

·         South America (Brazil, Argentina, Rest of South America)

Table of Content:

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Advancement in Cloud-Based Technology
      2. Increasing Adoption of SDS Solution in the Banking Sector
      3. Rising Adoption of Big Data Technology
    3. Restraint
      1. Cyber Threats
    4. Opportunities
      1. Enhancement in Digital Platform for Data Centers
      2. Rising Adoption of Bring Your Own Device (BYOD)
      3. Increasing Adoption of Virtualization Technologies by SMEs
    5. Challenges
      1. Lack of Skilled Workforce
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL SOFTWARE-DEFINED STORAGE MARKET BY USAGE TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Surveillance
    3. Data Backup And Disaster Recovery
    4. Storage Provisioning
  7. GLOBAL SOFTWARE-DEFINED STORAGE MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Platform
    3. Services
  8. GLOBAL SOFTWARE-DEFINED STORAGE MARKET BY ENTERPRISES SIZE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Small and Medium Enterprises
    3. Large Enterprises
  9. GLOBAL SOFTWARE-DEFINED STORAGE MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. BFSI
    3. Education
    4. IT Services
    5. Government
    6. Manufacturing
    7. Healthcare
    8. Others
  10. GLOBAL SOFTWARE-DEFINED STORAGE MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. Huawei Technologies Co., Ltd.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Cisco Systems, Inc.
    3. SCALITY INC.
    4. FUJITSU
    5. INFINIDAT
    6. Dell Inc.
    7. IBM Corporation
    8. Hewlett Packard Enterprise Development LP
    9. VMware, Inc.
    10. Hitachi Vantara LLC
    11. Other Key Companies
      1. Citrix
      2. Western Digital Corporation
      3. Inspur
      4. Nutani
      5. NetApp
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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