The
software defined storage (SDS) market size is expected to reach USD 17,461.9
million by 2024, according to a new study conducted by Grand View Research,
Inc.
The
emergence of the Big Data technology is anticipated to impel growth in the
global software defined storage market. Technological propagation, coupled with
benefits such as high flexibility and cloud storage, is instrumental in keeping
the industry prospects upbeat. The technology facilitates the efficient
management and control of complex networks through proficient resource data
traffic management.
The
advancements in the cloud technology, its availability, and wider access to
cloud-based platforms are favorably impacting the industry. Various enterprises
across the globe are experiencing the need for minimizing infrastructure
development and data storage center costs which are significantly contributing
toward theexpansion of the industry.
Enterprises
across diverse verticals are generating excessive data, creating the need for
effective data storage management solutions. SDS solutions offer high agility
and robustness to businesses along with cost and time efficiency.
The
industry is projected witness significant growth in the developing markets of
South America and the Asia Pacific regions, owing to thestrong growth of the
small-scale industries. The need for improving the efficiency and business
processesin data centers is driving the demand for SDS solutions in small and
medium-sized enterprises.
In depth research report on Software Defined Storage
(SDS) Market
Further key findings from the study suggest:
·
The BFSI segment dominated the
global software defined storage industry, accounting for over 17% of the market
share in 2015. The large-scale data generation in the banking and financial
institutions and the need for incessant data availability are leading to the
large-scale adoption of SDS solutions in the BFSI sector.
·
The North American regional
market accounted for over 40% of the global revenue share in 2015. The strong
presence of software defined storage solution vendors in the region is expected
to contribute to the industry growth in the region. Asia Pacific is expected to
emerge as the fastest-growing regional market. The rise of small-scale
industries in the developing markets of India and China is driving the regional
growth.
·
Small and medium-sized
enterprises accounted for over 30% of the global revenue share in 2015. The
growth of Small and Medium-Sized Business (SMB) units across the globe, owing
to the favorable government initiatives, is substantially driving the demand
for SDS solutions among the small and medium-sized enterprises.
·
The major vendors include Brain
Corporation (U.S.), Hewlett-Packard (U.S.), HRL Laboratories, LLC (U.S.), Intel
Corporation (U.S.), Numenta, Inc. (U.S.), and Vicarious FPC, Inc. (U.S.).
Industry vendors are emphasizing on new product developments and forming
technology alliances to gain a competitive edge in the industry.
Grand
View Research has segmented the global software defined storage market on the
basis of application, company size, and region:
Software Defined Storage Application Outlook
(Revenue, USD Million, 2014 - 2024)
·
BFSI
·
Education
·
IT Services
·
Government
·
Manufacturing
·
Healthcare
·
Others
Software Defined Storage Company Size Outlook
(Revenue, USD Million, 2014 - 2024)
·
Small & medium-sized
enterprises
·
Large enterprises
Software Defined Storage Regional Outlook (Revenue,
USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
Middle East & Africa
Browse more research reports of this category:
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment