Software Defined Storage (SDS) Market Growth Factors, Competitive Landscape and Revenue Forecast till 2024

The Software Defined Storage (SDS) Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global software defined storage (sds) market is expected to value at USD 17,461.9 million by 2024. The software defined storage industry is subject to witness a substantial growth due to the rise of technologies such as Big Data and cloud technology. Additionally, technological proliferation and enhanced flexibility provided by software defined storage (SDS) solutions are driving market growth in the recent years.

Software defined storage solutions offer enhanced analytics and management for complex networks with the help of improved data traffic monitoring and resource management. Globally, the software defined storage market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

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The large chunk of the data is generated in short amount of time, which needs to stored and processed, for enriching consumer experience. Use of the software defined storage (SDS) offer dependable, faster, secure and flexible solutions alongside providing enhancing user experience; due to which large number of market players are investing in the research and development of the data storage to achieve required results and extended benefits.

The software defined storage (SDS) units allow highly efficient business processing capability. The factors such as lower prices of solid-state devices, high-level functionality, numerous cost benefits of the solid-state devices, and extended life span of the data storage devices are attributing to the growth of the market.

Furthermore, populism towards cloud data storage by businesses and institutions is on the rise since last decade owing to the cost-efficient employment and easier availability. The advantages with the adoption of the cloud storage provide total ownership of the storage space and complete accessibility from the remote locations.

Use of solid state devices offer higher number of advantages in comparison with the traditional, as they use electronic chipset to store digital information. Other advantages of software defined storage (SDS) units include higher functionality, better performance ratio, low noise production, and extended life span. These advantages are responsible for wider reach of the software defined storage (SDS) industry across various global regions.

Key Players Analysis covered in these report

  • OpenText

    • Microsoft

    • IBM

    • EMC

    • Hitachi Data Systems

   • VMware

    • Amplidata

    • Nexenta Systems

    • Hewlett-Packard Enterprise

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Software Defined Storage Regional Outlook (Revenue, USD Million, 2014 - 2024)

    • North America

    • Europe

    • Asia Pacific

    • South America

    • Middle East & Africa

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