Exponentially growing data volume across enterprises, rise in “software defined” concept, and the need for cost optimization in data management are some of the major driving factors for the SDS market. Furthermore, avoiding downtime of storage infrastructure and competitive market environment due to its being an innovative technology are expected to provide opportunities for the growth of the SDS market.
Pune, India -- (SBWIRE) -- 04/18/2018 -- Software-defined storage is a powerful platform that is rapidly gaining widespread acceptance. The numerous benefits offered by the technology in storage administration are responsible for the widespread adoption of the technology. In simple terms, SDS makes it easier, affordable and highly efficient storage platform for professionals and IT organizations. The platform can be seamlessly integrated to cope up with the dramatic growth in storage requirements without adding to the cost and complexity.
Global Software Defined Storage Estimated to Grow at a CAGR of +36% During Forecast Period
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Factors like growth in the volume of data across enterprises, rise of software-defined (SD) concept and cost optimization in managing hardware are boosting the market growth. Absence of skilled workforce for effective deployment of SDS infrastructure and security and reliability concerns in virtual cloud storage will impede the market growth. Furthermore, competitive market environment and downtime avoidance of storage infrastructure provide wider opportunity for the market to grow.
Top Companies Profiled in this Report includes, VMware, Fujitsu, IBM, Scality, Nutanix, EMC, Seagate, Intel
Software Defined Storage market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
The report highlights the adoption of Software Defined Storage, globally. Based on the component type, the Software Defined Storage market is segmented into Platforms/Solutions and services. Platforms/Solutions market is further segmented Data Security and Compliance Software, Software-Defined Storage Server, Software-Defined Storage Controller Software, Data Management and Storage Hypervisor. Services segment is further sub divided into Training and Consulting, Deployment & Testing, Support & Maintenance, Security and Others. Based on Usage Type, the market is segmented into Surveillance, Data-Backup & Disaster-Recovery, Storage Provisioning & High Availability and Others. Based on the organization size the market is segmented into Large Enterprises and Small & Medium Enterprises.
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Various factors are responsible behind the market's growth trail, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Software Defined Storage market. It also gauges the bargaining power of suppliers and buyers, threat to the new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the market's trajectory between forecast periods.
Software Defined Storage market is segmented on the basis of various parameters. The factors which are impacting the market's growth are studied in detail. The report also presents a overall weaknesses which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the global market are included in the study. Additionally, using SWOT analysis, markets weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.
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