Software-Defined Storage Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR43505
Technavio

The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The software-defined storage market size has the potential to grow by USD 42.79 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (BFSI, telecom and IT, government, healthcare, and others) and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Broadcom Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., NetApp Inc., and Oracle Corp.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Software-Defined Storage Market

Request a FREE sample now!

Market Competitive Analysis

The market is fragmented. The key vendors in the market are focusing on product development to expand their geographical reach and increase their market shares. Broadcom Inc., Cisco Systems Inc., and Citrix Systems Inc. are some of the major market participants. Although the surge in cloud adoption will offer immense growth opportunities, implementation challenges will restrict the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this software-defined storage market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this software-defined storage market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Broadcom Inc.
  • Cisco Systems, Inc.
  • Citrix Systems Inc.
  • Dell Technologies Inc.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Microsoft Corp.
  • NetApp Inc.
  • Oracle Corp.

Software-Defined Storage Market: Segmentation by Geography

North America was the largest software-defined storage market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing demand for data center connectivity networks from enterprises and the imminent launch of 5G will significantly drive software-defined storage market growth in this region over the forecast period.

35% of the market’s growth will originate from North America during the forecast period. The US is the critical market for software-defined storage market in North America. Market growth in this region will be slower than the growth of the market in APAC.

Software-Defined Storage Market: Segmentation by End-user

Request for a FREE sample and Get more information on the market contribution of various segments

The increasing demand for enhanced storage solutions will boost the demand for software-defined storage from the telecom and IT sector. The adoption of software-defined storage will help telecom and IT, service providers in terms of deployment, scalability, management, and cyber-security. The need for low latency services, a growing number of consumers, and the rising adoption of advanced technologies such as big data analytics will further boost the growth of the software defined storage market in this segment.

Market growth by the telecom and IT sector segment will be slower than the growth of the market by the government and healthcare segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the software-defined storage market size.

Software-Defined Storage Market: Key Drivers and Trends

The surge in cloud adoption is one of the significant factors driving the software defined storage market growth during the forecast period. Enterprises are increasingly adopting cloud solutions because of their several benefits, including a reduction in cost, enhanced scalability, and high efficiency. Software defined storage helps in overcoming the challenges of data management in cloud computing. It also aids in establishing compatibility between on-premise and cloud storage systems by facilitating centralized management of multiple storage systems and extending on-premise storage features to the cloud. Hence, the rising adoption of cloud solutions has encouraged market vendors to offer cloud software defined storage products and services.  

  • The increasing use of hyper-converged technology is one of the critical software defined storage market trends.
  • Hyper converged infrastructure runs storage, compute, and networking systems in a virtualized environment to enhance resource utilization.
  • The reduced power consumption and space optimization offered by hyper converged infrastructure will also help in increasing the agility, speed, and efficiency of data centers.
  • Market vendors are actively promoting the use of hyper-converged infrastructure solutions for software-defined storage.
  • During 2020-2024, the software-defined storage market will grow at a CAGR of almost 27%.

Software-Defined-Storage-Market-Report

Request for a FREE sample now!

Software-Defined Storage Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive software-defined storage market growth during the next five years
  • Precise estimation of the software-defined storage market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the software-defined storage industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of software-defined storage market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The software-defined storage market growth will increase by $42793.23 million during 2019-2024.
The software-defined storage market is expected to grow at a CAGR of 27.31% during 2019-2024.
Technavio has segmented the software-defined storage market by end user (BFSI, Telecom and IT, Government, Healthcare, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
Broadcom Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp. are a few of the key vendors in the software-defined storage market.
North America will register the highest growth rate of 34.54% among the other regions. Therefore, the software-defined storage market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the software-defined storage market growth are:
  • Surge in cloud adoption
  • Growing number of collaborations and acquisitions
The software-defined storage market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Information Technology
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>