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Report Overview
The global software-defined storage market is estimated to grow at a CAGR of nearly 30% in the forecast period of 2025-2034. In 2024, North America was the largest software-defined storage industry. The region is expected to offer continued maximum growth opportunities over the forecast period.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- SDS solutions simplify automation, improve resource utilisation, guides in re-provisioning, and aids in hardware cost reduction, which is driving market demand.
- The rise in demand for storage systems due to increasing data volumes in regions like North America have contributed to software-defined storage market development.
- As per industry reports, 90% of large enterprises have adopted a multi-cloud infrastructure and 200 zettabytes of data will be stored in the cloud by 2025.
Software-Defined Storage Market Growth
Software-defined storage is a marketing term, independent of the underlying hardware, for computer data storage software for policy-based data storage and management. One prominent driver aiding the global software-defined storage (SDS) market growth is the unprecedented explosion of data generated from diverse sources such as IoT devices, social media platforms, and digital transactions. This surge in data volume has propelled organisations to seek efficient storage solutions, leading to increased adoption of SDS.
Moreover, the escalating adoption of cloud computing services is fueling the demand for flexible and scalable storage solutions. Software-defined storage aligns well with cloud environments, offering organisations the ability to optimise their storage infrastructure in the cloud. Additionally, the synergy between SDS and virtualisation technologies is driving market growth. SDS allows for the abstraction of storage resources from physical hardware, enabling enhanced agility, scalability, and cost-effectiveness in virtualised environments.
Software-Defined Storage Market Report Snapshots
Software-Defined Storage Market Size
Software-Defined Storage Market Growth
Software-Defined Storage Market Trends
Software-Defined Storage Market Share
Software-Defined Storage Companies
Software-Defined Storage Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 30% between 2025 and 2034.
The major drivers of the market include the increased scalability, high effectiveness, cost-efficiency, integration of multiple data sources, adoption of artificial intelligence (AI) and Internet of Things (IoT) and increasing digitalisation.
Key trends increasing the software-defined storage market value include an increase in cloud adoption, rise of edge computing, adoption of open-source software-defined storage and hyper-converged technologies.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Block, file, object, and hyper-converged infrastructure software are the types explored in the market.
Solutions and services are the two components available in the market.
Based on solutions, the industry can be divided into data management, data security and compliance software, software-defined storage controller software, software-defined storage server, and storage hypervisor, among others.
The various usages of the market include data back up and disaster recovery, surveillance, and storage provisioning, among others.
The different end-users of software-defined storage include BFSI, telecom, manufacturing, education, media and entertainment, and healthcare, among others.
Key software defined storage leaders in the market are Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise Co, International Business Machines Corporation, Citrix Systems, Inc., NetApp, Inc., and Seagate Technology PLC, among others.
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