Global software defined storage market size was US$ 9.4 Bn in 2019 and is expected to reach US$ 58.96 Bn by 2027, at a CAGR of 25.8% during forecast period.
Market Definition
Software defined storage (SDS) is the storage architecture used for building data storage that places an intelligent virtualization software layer between storage and applications in order to help manage data growth and enable multicloud flexibility.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Market Dynamics
The global software defined storage market research reports presents a comprehensive analysis of drivers and restraints of the market. Software defined storage model offers some benefits such as future-proof with independence from hardware vendor lock-in, programmability and automation, faster changes and scaling up and down, greater efficiency, availability, scalability, flexibility, interoperability, management and high performance are improving the growth of market. In addition, cost effectiveness of SDS model is the major driving factor behind the growth of market. Furthermore, increasing adoption of cloud based infrastructure and big data analytics technologies are boosting the growth of market.
However, the start up cost of new SDS deployment can be prohibitive that could hamper the growth of market. Some limitations such as leveraging current infrastructure, incomplete data services and lack of cloud economics could act as obstructing factors for the market. In addition, lack of professionals with SDS expertise is the major restrain factor that could hinder the growth of market.
Global Software Defined Storage Market: Segmentation Analysis
By software, SDC controller software segment dominated the market and is expected to grow at CAGR of XX% during forecast period. SDS controller software offers storage access services, networking, and connectivity. The important benefit of SDS controller software is that it makes no assumptions about the capacity or usefulness of the underlying hardware.
By services, consulting and training segment dominated the market in 2018 and support and maintenance segment is expected to dominate the market during forecast period. Increasing adoption of support and maintenance services in IT companies is driving the growth of market. This service includes ongoing support like bug fixing, adaptive enhancement, technical improvements, software enhancement, regular upgrades and real-time support.
By industry, banking, financial services, and insurance segment along with telecom and ITES segment dominated the market and is expected that these segments will maintain their dominance over the forecast period. Requirement of highly secure and highly available storage models are driving the growth of market. Software defined storage is used in BFSI sector to control huge data sets, to give accesses to file with encryption and to store data backup and recovery.
Global Software Defined Storage Market: Regional Analysis
Region wise, North America held the largest market share in 2018 and is expected to maintain its dominance during forecast period. The US and Canada are major key contributors behind the growth of market across the region. Presence of large IT and telecom companies such as IBM and Dell which are working towards the SDS model are diving the growth of market in the region.
In 2018, IBM Storage announced new innovations around its software-defined storage (SDS), data protection, and storage systems portfolio. Aiming to help drive down costs, ease management, increase security, all the while helping users scale their storage to meet the needs of growing data volumes.
The objective of the report is to present a comprehensive analysis of the Global Software Defined Storage Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Software Defined Storage Market dynamics, structure by analyzing the market segments and projects the Global Software Defined Storage Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Software Defined Storage Market make the report investor’s guide.
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The Scope of Global Software Defined Storage Market
Global Software Defined Storage Market, By Component
• Platform/solution
• Service
Global Software Defined Storage Market, By Software
• SDS server
• Data security and compliance software
• SDS controller software
• Data management
• Storage hypervisor
Global Software Defined Storage Market, By Service
• Consulting and training
• Support and maintenance
• Deployment and testing
• Training and consulting
• SDS service
Global Software Defined Storage Market, By Usage
• Surveillance
• Data backup and disaster recovery
• Storage provisioning and high availability
• Others (DevOps)
Global Software Defined Storage Market, By Industry
• Education
• Telecom and ITES
• Logistics and warehouse
• Healthcare
• Media and entertainment
• Banking, Financial Services, and Insurance (BFSI)
• Others
Global Software Defined Storage Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Global Software Defined Storage Market, Key Players
• IBM
• VMware
• Fujitsu
• Scality
• Nutanix
• EMC
• Seagate
• Intel
• Dell
• Actifio
• Redapt
• Huawei Technologies Co., Ltd.
• Cisco Systems, Inc.
• Infinidat Limited
• Oracle Corporation
• NetApp, Inc.
• Hitachi Vantara Corporation
• Inspur Systems Inc.
• Hewlett-Packard Enterprise
• Datacore
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Software Defined Storage Market By Components (Platforms and Services), Application (Telecom and ITES, Logistics and Warehouse, Healthcare, Media and Others), organization size (large enterprises and small and medium enterprises) - Global Forecast To 2027Market OverviewThe sector of Information Technology is gaining importance as the technology of the future.
The new tech-empowered storage spaces of SDS platforms keep information related to the business organizations organized and in one system.
The Software Defined storage market share is set to grow in the future, and many factors are contributing to this phenomenon.Business organizations prefer Software Defined storage for their information because the new technology is an efficient system for managing unstructured information.
Additionally, the use of Software Defined storage help integrates many analytical solutions into the management of large-scale data.
Even though the growth predictions are apparent, the Software Defined Storage Market suffered a setback in the pandemic period.
Software Defined Storage Solutions define alternative data solutions used in Software Defined data centers.
Additionally, technological proliferation and enhanced flexibility provided by software defined storage (SDS) solutions are driving market growth in the recent years.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/software-defined-storage-sds-market/request-sample The key driving factors responsible for the growth of Software Defined Storage market : 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.
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 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.
The Global Software-Defined Security Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on component, enforcement point, solution, service, deployment mode and end-user.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Enforcement Point – Network Security GatewaysBy Solution – Control Automation and Orchestration SolutionBy Geography – North AmericaFinal Report will cover the impact of COVID-19 on this industry.Browse the complete Global Software-Defined Security Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10539-software-defined-security-market-reportThe report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as:Check Point Software Technologies Ltd.Cisco Systems, Inc.EMC CorporationFortinet, Inc.Intel CorporationJuniper Networks, Inc.Palo Alto NetworksSymantec CorporationVMware, Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Component:SolutionsServicesBy Enforcement Point:Application and Mobile Device SecurityVirtual Machines (VMs)/Server/Storage SecurityNetwork Security GatewaysOthers (Cloud, Database, and Web)By Solution:Security SoftwareControl Automation and Orchestration SolutionSecurity Compliance and Policy ManagementPerformance Management and ReportingBy Service:Support and MaintenanceTraining and EducationIntegration and TestingConsultingBy Deployment Mode:CloudOn PremiseBy End User:Telecom Service ProvidersCloud Service ProvidersEnterprisesBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Software-Defined Security Market @ https://www.decisiondatabases.com/contact/download-sample-10539The Global Software-Defined Security Market has been exhibited in detail in the following some chapters –Chapter 1 Software-Defined Security Market PrefaceChapter 2 Executive SummaryChapter 3 Software-Defined Security Industry AnalysisChapter 4 Software-Defined Security Market Value Chain AnalysisChapter 5 Software-Defined Security Market Analysis By ComponentChapter 6 Software-Defined Security Market Analysis By Enforcement PointChapter 7 Software-Defined Security Market Analysis By SolutionChapter 8 Software-Defined Security Market Analysis By ServiceChapter 9 Software-Defined Security Market Analysis By Deployment ModeChapter 10 Software-Defined Security Market Analysis By End UserChapter 11 Software-Defined Security Market Analysis By GeographyChapter 12 Competitive Landscape Of Software-Defined Security CompaniesChapter 13 Company Profiles Of Software-Defined Security IndustryPurchase the complete Global Software-Defined Security Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10539Other Reports by DecisionDatabases.com:Global Adaptive Security Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Physical Security Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Corporate Web Security Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Software-defined satellites are expected to emerge as a potential driver to uptake orders of commercial satellites in geostationary orbit (GEO).
There has been a decline in commercial GEO satellites from past three years, and the decline is anticipated to prolong during the coming years.
These satellites are expected to change the market landscape of commercial GEO satellites over the coming years.Read Report Overview: https://bisresearch.com/industry-report/software-defined-satellite-market.htmlThe software-defined satellite market is the highly emerging market with leading players contending against each other to attain higher market share in the space industry.
The competitive landscape of the software-defined satellite market exhibits an inclination toward companies adopting both organic and inorganic strategies such as business expansions, partnerships/agreements/collaborations, product launches, and acquisitions to gain a greater share of the industry.
Innovative product launches, precise and secure subsystems, pricing strategies, and formation of partnerships among the major market players of the space industry are some of the key initiatives undertaken by the companies, thus boosting the growth of the market.
Some of the key players in the space industry are Airbus S.A.S., AdaSpace, Nvidia, SSL, Lockheed Martin Corporation, Northrop Grumman Corporation, GalacticSky, IBM, AIKO, Planet SES, SSTL, Thales Group, and The Boeing Company.
