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Software Defined Storage Market by component (Software , Service), Product Type (Standalone SDS, Hyper Converged Infrastructure), Application (Surveillance, Data Backup And Disaster Recovery, Storage Provisioning and High Availability, and Others), Enterprise Size (Small and Medium Enterprise and Large Enterprise), and Industry Vertical (BFSI, Telecom and IT, Government, Education, Chemical, Logistics & Warehouse, Media & Entertainment, and Others) : Global Opportunity Analysis and Industry Forecast, 2020–2027

A09144
Pages: NA
Dec 2020 | 148 Views
 
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Software Defined Storage Market Statistics:

Software Defined Storage (SDS) is a computer program that manages data storage resources and functionality and has no dependencies on the underlying physical storage hardware. Unlike traditional network-attached storage (NAS) or storage area network (SAN) systems, SDS is generally designed to perform on any industry-standard or x86 system, removing the software’s dependence on proprietary hardware. Factors contributing to the increase in SDS products include the explosive growth of unstructured data which is creating a greater need for scale-out storage architecture.  IT provides numerous benefits which includes cost effectiveness, increases flexibility, automation and rising value of unstructured data which is expected to drive the growth of the market.

Software Defined Storage Market Scope and Structure Analysis:

Report Matric

Details

  Market size available for years

  2019-2027

  Base year considered

  2019

  Forecast Period :

  2020-2027

  Forecast Value

  USD

  Segments covered

  • Component
  • Product type
  • Application
  • Enterprise Size
  • Industry Vertical
  • Region

  Regions covered

  • North America (U.S. and Canada),
  • Europe (Germany, UK, France, and the Rest of Europe)
  • Asia Pacific (China, Japan, India, and the Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, and Africa

  Companies covered

  • Open Text Corp.
  • Microsoft Corp.
  • IBM Corp.
  • Oracle Corp.
  • Net App Inc.
  • Fujistu Inc.
  • VMWare Inc.
  • FalcoStor Software Inc.
  • StarWind Software Inc.
  • Dell EMC Corp.

 

 

Covid – 19 Impact On The Software Defined Storage Market

  • Software defined storage vendors are making some of their software and hardware technology available for no charge mainly to help small & medium sized businesses, work-from-home users, researchers, and partners to run their businesses and work remotely during the COVID-19 coronavirus pandemic which is opportunistic for the market.

  • It is expected that the U.S. and global tech market growth is slowing down to nearly 2% in 2020 due to which ICT spending in major economies such as U.S. and other have declined in the first half of 2020 but manage to recover in the second half. This is expected to impact negatively on the growth of the market in upcoming few years. In addition to this, spending on tech consulting and systems integration services is witnessing temporary slowdown and is expected to fall down by 5% if the big IT organizations cancel their new tech projects.

Top Impacting Factors: 

In this competitive environment, companies have shifted their focus towards new technology to have a competitive edge over their competitors. Adoption of SDS, helps in minimizing the cost by automating process controls and by replacing the traditional hardware by software. Also, growing need for improving the efficiency and business processing data centers is driving the demand for SDS solutions among small and medium-sized enterprises. Other benefits of SDS such as cost saving, increased flexibilities, increase in IT cost reduction, greater efficiency, programmability and automation,  and others further fuels the growth of the software defined storage markets. However, lack of expertise, complex integration, different interpretations, comprehensive solutions, lack of cloud economics and SDS vendor ecosystem are some of the major restraining factors which cause hindrance in the market.  Factors such as growing need for low latency services, and rise in adoption of advanced technologies like big data analytics is expected to provide lucrative opportunities for the market. 

Growth in need for increased flexibility 

One of the major benefits of software defined storage is the flexibility, it includes the ability to configure and deploy software storage systems. This will help the IT to utilize the existing hardware instead of buying a new set of hardware to add functionality. In this way, the life of the existing storage materials in addition to avoid hardware lock in with lowering the cost of ownership. It also provides the users to have the flexibility to select industry standard server with disk hardware and programmatically define menu of storage service. 

Lack of Expertise

Software sector is still growing and hence the number of skilled people are still less as compared to requirement of the organizations. As the complex structure can only be handled with an expertise and hence the demand of those are quite high. With this security and reliability among the organization are still expected to be a major restraining factor in this market. 

Technology development in IT with software defined storage 

With IT cost rising and budget shrinking, the organizations has to find an easy way to manage and support storage equipment. Due to technological developments the data in these organizations is continuously increasing and is creating challenges for the organizations to store this data. With the help of software defined storage allows an IT department to shift their personal away from designed storage administrations in favor of more generalized systems and hence many companies are apprehensive to make a change towards SDS. 

Key Segments Covered:

Segments

Subsegments

  Component

  • Software
  • Service

 

  Product Type

 

  • Stand-alone SDS
  • Hyper-converged Infrastructure

 

 

 

 

  Application

  • Surveillance
  • Data backup and disaster recovery
  • Storage provisioning and high availability
  • Others (DevOps)

 

  Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

 

 

 

   Industry Vertical

  • BFSI
  • Telecom and IT
  • Government
  • Education
  • Chemical
  • Logistics and Warehouse
  • Media  and Entertainment
  • Others

 

 

Key Benefits of the Report: 

  • The report provides a detailed overview of the industry including both qualitative and quantitative information.
  • It provides an overview and forecast of the global software-defined storage market based on the component, application and industry vertical.
  • It also provides market size and forecast till 2027 for overall software-defined storage market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC),) and LAMEA
  • Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
  • The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last few years, the key development in the past five years.
  • The report gives a review of software-defined storage market, including characterization, application, fabricating innovation, industry chain investigation and most recent market progression.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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