Software Defined Storage Market – Global Forecast to 2025



Software defined storage is a storage architecture for data storage, based on a set of software and hardware components. The major advantages of adopting software defined storage are improved system performance, web facilitation, and reducing maintenance cost. In addition to this, management of increasing data is another major factor leading to high demand for software defined storage. According to Coherent Market Insights, it is estimated that total digital data is expected reach 180 zettabytes by 2025, globally.
Market Dynamics
Healthcare segment is projected to witness the highest CAGR over the forecast period. Rising adoption of wearable devices to track patient’s condition has led to increasing volume of data, as these devices offer data of individual patients. Storage and management of this large volume of data is difficult. Therefore, demand for software defined storage is increasing from the healthcare industry. According to Coherent Market Insights, in 2016, 275 million units of wearable devices have shipped globally. This is owing to increasing demand for data storage and management in the healthcare industry. This in turn is expected to aid in growth of the global market over the forecast period. Moreover, the increasing adoption of internet of things technology in healthcare industry also uplifted the market of software defined storage market in healthcare industry.

Increasing adoption of big data based technology plays a key role for the growth of the market
Rising demand for analyzing big data plays a key role for growth of the software defined storage market. High flexibility and cost saving are some of the major advantages that increased demand for software defined storage solutions. The increasing unstructured data from social media conversations, email, wireless devices, media-rich content and other sources have increased demand for software defined storage solution to better manage big data.
Asia Pacific software defined storage market is projected to grow with the highest CAGR in the forecast period.
North America held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are the major growth engines in the region. The increasing government projects related to digitalization is a major factor fueling growth of software defined storage market in this region. According to U.S. digital government strategy report on “Building a 21st Century Digital Government”, the government aims to develop better digital services to enhance lives of the country’s population.
Key Companies - Global Software Defined Storage Market
Some of the major companies in the global software defined storage market are Dell, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Citrix Systems Inc., Netapp, Inc., Seagate Technology, Vmware Inc., and Western Digital Corporation.
Detail Software Defined Storage Market Segmentation:
  • Global Software Defined Storage Market, By Component:
    • Platforms/Solutions
    • Services
  • Global Software Defined Storage Market, By Storage Usage:
    • Surveillance
    • Data-Backup and Disaster-Recovery
    • Storage Provisioning and High Availability
    • Others
  • Global Software Defined Storage Market, By Organization Size:
    • Small and Medium Enterprises (SMES)
    • Large Enterprises
  • Global Software Defined Storage Market, By Application:
    • Education
    • Telecom and ITeS
    • Logistics and Warehouse
    • Healthcare
    • Media and Entertainment
    • Banking, Financial Services, and Insurance (BFSI)
    • Others


Download PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1215

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