Software-defined Storage Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026 Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
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• The Software defined Storage Market is forecast to reach $40.7 billion by 2026, advancing at CAGR of 25.7% during 2021-2026. • The rapid growth of unstructured data volumes along with capabilities like ease of management and increased security act as major drivers boosting the growth of software defined storage market. •
Adoption of Software define Storage (SDS) solutions help in optimizing data management and storage costs with improved flexibility and scalability compared to traditional storage, gaining its wide popularity among various end-use markets. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways BFSI sector is analyzed to account as the fastest growing segment in the global Software defined Storage Market during 2021-2026, due to rising rate of cybercrimes, need for faster data access and others. North America had accounted for the largest share in the global Software defined Storage Market in 2020, owing to adoption of cloud services, high R&D investments from market players and others. The top 10 Companies in the Software-defined Storage market include IBM Corporation, NetApp Inc., VMware Inc., Fujitsu Limited, Dell EMC Corporation, Huawei Technologies Co Ltd., Citrix Systems Inc., HPE (Hewlett Packard Enterprise), Scality, Western Digital Corporation. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Data Backup and Disaster Recovery segment is set to grow with the highest CAGR of around 9.3% during 2021-2026. With high costs and requirement of administrative efforts, data backup using traditional storage methods have become outdated, thus gaining wider adoption for software defined storage solutions. Traditional storage involves the need for a range of data protection solutions including physical server backup tools, virtualization backup tools, cloud backup tools, and others contributing to a complex as well as expensive environment.
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Software defined Storage Market Industry Outlook • • • • • • • • • •
IBM Corporation NetApp Inc. VMware Inc. Fujitsu Limited Dell EMC Corporation Huawei Technologies Co Ltd. Citrix Systems Inc. HPE(Hewlett Packard Enterprise) Scality Western Digital Corporation
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