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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Software-Defined Storage Market Share
SDS solutions for data backup and disaster recovery are witnessing higher adoption rates due to increasing need for reliable and efficient data protection solutions
The data backup and disaster recovery segment holds a prominent share due to the increasing need for reliable and efficient data storage solutions that can protect against data loss and ensure business continuity. SDS technologies enable organisations to implement robust backup and recovery strategies, leveraging features like data replication, tiering, and automated failover.
The surveillance segment is another key area of growth in the software-defined storage market. SDS solutions are being adopted to manage the massive volumes of data generated by surveillance cameras, sensors, and other monitoring devices. The scalability, flexibility, and cost-effectiveness of SDS make it well-suited for handling the storage requirements of complex surveillance systems across industries like government, transportation, and security.
SDS also plays a crucial role in storage provisioning, allowing organisations to rapidly provide storage resources as needed. The on-demand, software-driven nature of SDS enables IT teams to quickly allocate and manage storage capacity, improving agility and responsiveness to changing business requirements.
BFSI sector holds a significant market share due to their requirement for efficient storage software in managing big data sets
The BFSI sector is a significant segment in the software-defined storage market as financial organisations require secure and accessible storage solutions to manage big data sets, ensure data encryption, manage file access, and facilitate data backup and recovery.
The education sector is increasingly leveraging software-defined storage to manage the growing volumes of educational data, digital resources, and administrative information. Educational institutions require secure and scalable storage solutions to support e-learning platforms, student records, research data, and other educational applications.
In the media and entertainment industry, large volumes of multimedia content need to be stored, managed, and accessed efficiently, which is creating a demand for software-defined storage solutions. These solutions enable media companies to streamline content management, enhance collaboration, and deliver high-performance storage for media production, broadcasting, and distribution.
As per software-defined storage market analysis, the healthcare industry relies on software-defined storage solutions as it offers secure, compliant, and scalable storage solutions to store and access critical patient information, support medical imaging systems, and facilitate data analytics for improved patient care.
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 2024 and 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124