Industry Background:
Software defined storage (SDS) is a computer data storage software that describes data storage managing as well as policy-based provisioning. A software-defined storage environment may also offer policy management for features including data duplication, thin provisioning, replication, snapshots and backup. SDS has several benefits including improved system performance, web facilitation, and reducing maintenance cost, that have increased demand for SDS. Software defined storage display benefits of less cost of construction of data centers, energy saving, and operational ease. Increasing in data pool will help to boost global software defined storage market.According to AMA, the market for Software Defined Storage is expected to register a CAGR of 31.5% during the forecast period to 2026. This growth is primarily driven by Growing Awareness to Adopt Dependable Back-Up Data Storage Programs and Increasing Awareness among Individuals for Market-Based Services.
Globally, a noticeable market trend is evident Up Surging Adoption of Big Data Based Technology
. The Data Storage and Management sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Oracle Corporation (United States), Microsoft Corporation (United States), HP (United States), Cisco (United States), Dell (United States), NetApp Inc. (United States), Fujitsu Limited (United States), Genetec Inc. (United States), VMWare Inc. (Dell Inc.) (United States) and Hitachi Data Systems (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 29th October 2018, IBM has acquired Software Company Red hat. The deal was established for 34 Billion dollars, including debt.
Market Drivers
- Growing Awareness to Adopt Dependable Back-Up Data Storage Programs
- Increasing Awareness among Individuals for Market-Based Services
Market Trend
- Up Surging Adoption of Big Data Based Technology
- Rise of Software-Defined (SD) Concept and Cost Optimization in Managing Hardware
Restraints
- Lack of Skilled Workforce
- High Cost for Initial Process
Opportunities
Rising Adoption of Hybrid Cloud Storage System and Increasing Need of Product Innovations
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Software Defined Storage Study Sheds Light on
The Software Defined Storage Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Software Defined Storage industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Software Defined Storage industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.