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Software Defined Storage Market

Software Defined Storage Market Forecasts to 2028 – Global Analysis By Component (Service, Platform/Solution), Application (Consumer Devices, Mobile, Web), End User, and By Geography

4.7 (96 reviews)
Published: June 2022 ID: SMRC21523
4.7 (96 reviews)
Published: June 2022 ID: SMRC21523

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Software Defined Storage Market is accounted for $22.22 billion in 2021 and is expected to reach $178.81 billion by 2028 growing at a CAGR of 34.7% during the forecast period. Software-defined storage is a part of software-defined infrastructure that allows data centers to manage storage and IT resources with the automation and accuracy provided by the software. It is designed in such a way for the organization to keep the business data and leads to the quick delivery of IT services.

Market Dynamics:

Driver:

Benefits offered by the software defined storage


Software-defined storage makes it a simple, affordable, and quite efficient storage platform for all professionals and IT organizations. The platform can be very well coordinated to manage the extraordinary growth in storage requirements without adding any surplus burden to the cost and complexity. With software-defined storage likely to develop as a prominent innovation over the near future, IT organizations are very much interested in investing in the early phase of education just to acquire an in-depth understanding of the most prominent ways to grow software-defined storage for their range of workloads. 

Restraint:

Lack of awareness and technical expertise in their implementation


The shortage of a talented workforce for effective deployment of SDS infrastructure and security concerns in virtual cloud storage is restraining the growth of the market. Because of the difficulties of implementation, a particular workforce is required to deal with the power, sophistication, and flexibility provided by SDS solutions, restricting their adoption across data storage applications. Moreover, it is critical for software-defined storage manufacturers to work on further developing software solutions capable of lowering data theft threats that emerge during cloud location storage to increase end-user confidence in SDS solutions.

Opportunity:

Increasing unstructured data quantities


The increasing adoption of recent technologies has resulted in an expansion in the volume of unstructured data collected across various businesses. As these enormous unstructured data volumes should be constantly stored and processed, the adoption of software-defined storage solutions with capabilities has been expanded by the explosive growth of unstructured data across different organizations. Furthermore, the push toward digitalization or automation trends across various enterprises has contributed to the necessity for SDS solutions to further develop reliability, efficiency, and flexibility for processing machine-generated unstructured data and simplifying decision-making processes.

Threat:

Security threats and data breaches


IT professionals are experiencing various security threats and issues with IaaS, ranging from regulatory compliance to data theft. The main concerns about data breaches are the absence of visibility, insufficient controls, and cyber threats and attacks. Thus, theft of data hosted in cloud infrastructure by malicious actors is obstructing the adoption of cloud IaaS and SaaS. The global software-defined storage (SDS) market is consequently, likely to get negatively impacted in the near future. 

The software-defined storage controller software segment is expected to be the largest during the forecast period

The software-defined storage controller software segment is estimated to have a lucrative growth as SDS controller software streamlines and automates the storage, abstracts underlying complex storage infrastructures, allows monitoring of stored data, and enhancement of the entire data center infrastructure. This software is likely to gain the maximum traction in the market. The function of controller software allows it to automate network management while making it easier to integrate and administer business applications.

The telecom and ITES segment is expected to have the highest CAGR during the forecast period

The telecom and ITES segment is anticipated to witness the fastest CAGR growth during the forecast period as this sector needs to store huge volumes of information as every day new information is generated that should be stored and kept secure. The telecom and IT sector are hugely customer-centric and customer service plays a vital role in retaining customers. These customer service centers need to have access to customer data and store the new generating data.  SDS solution fulfills the storage and management need of the ever-increasing data volumes in the sector.

Region with highest share:

North America is projected to hold the largest market share during the forecast period as the governments in the region have initiated many projects related to the digitalization of their countries. Rapid industrialization, rising cloud-based infrastructure usage, and R&D investments from leading market vendors are some of the significant drivers driving market growth forward in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the technological advancement with the increasing IT number of companies, and large-scale adoption of software-defined solutions by enterprises for enhancing the business processes and efficiency in their data centers. Moreover, the small and medium enterprises (SMEs) in the region are keen on reducing their IT spending by seeking storage virtualization facilities.

Key players in the market

Some of the key players profiled in the Software Defined Storage Market include Western Digital Corporation, Dell, Scality, NetApp, Microsoft, Intel, Ericsson, HPE, Fujitsu, EMC Corporation, IBM, DataCore, Citrix, Atlantis, Vmware, DataDirect Networks and SUSE Group.

Key Developments:

In May 2019, SUSE Group launched SUSE Enterprise Storage 6, the latest release of its software-defined storage solution. The company claims that it enables IT organizations to seamlessly adapt to changing business demands while reducing IT operational expenses with new features focused on containerized, cloud workload support, improved integration with the public cloud, and enhanced data protection capabilities.

In May 2019, DataDirect Networks acquired Nexenta Systems, Inc., The acquisition adds powerful enterprise-class scale-up and scale-out software capabilities for hardware-, protocol-, stack/platform-, cloud- and app-agnostic deployments to DDN's product portfolio.
 
Usages Covered:
• DevOps
• Surveillance
• Data Backup & Disaster Recovery
• Storage Provisioning and High Availability
 
Components Covered:
• Service
• Platform/Solution
 
Types Covered:
• Standalone Software Defined Storage
• Object
• Hypervisor based Storage
• File
• Container based Storage
• Block
• Hyper-Converged Infrastructure
 
Organization Sizes Covered:
• Large Enterprises
• Small and Medium Businesses (SMBs)
 
Applications Covered:
• Consumer Devices
• Mobile Applications
• Web Applications
 
End Users Covered:
• Transportation
• Media and Entertainment
• Retail
• Manufacturing
• Logistics and Warehouse
• Industrial
• Healthcare
• Government and Public Sector
• Telecom and ITES
• Education
• Banking, Financial Services, and Insurance (BFSI)
• Energy & Utilities

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

1 Executive Summary            
              
2 Preface      
       
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis           
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Application Analysis          
 3.7 End User Analysis           
 3.8 Emerging Markets           
 3.9 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Software Defined Storage Market, By Usage         
 5.1 Introduction           
 5.2 DevOps            
 5.3 Surveillance           
 5.4 Data Backup & Disaster Recovery         
 5.5 Storage Provisioning and High Availability        
              
6 Global Software Defined Storage Market, By Component        
 6.1 Introduction           
 6.2 Service            
  6.2.1 Training and Consulting         
  6.2.2 Support and Maintenance         
  6.2.3 Deployment and Testing         
 6.3 Platform/Solution           
  6.3.1 Storage Hypervisor          
  6.3.2 Data Security and Compliance Software        
  6.3.3 Software-Defined Storage Controller Software       
  6.3.4 Data Management          
  6.3.5 Software-Defined Storage Server        
              
7 Global Software Defined Storage Market, By Type         
 7.1 Introduction           
 7.2 Standalone Software Defined Storage         
 7.3 Object            
 7.4 Hypervisor based Storage          
 7.5 File            
 7.6 Container based Storage          
 7.7 Block            
 7.8 Hyper-Converged Infrastructure         
              
8 Global Software Defined Storage Market, By Organization Size       
 8.1 Introduction           
 8.2 Large Enterprises           
 8.3 Small and Medium Businesses (SMBs)         
              
9 Global Software Defined Storage Market, By Application        
 9.1 Introduction           
 9.2 Consumer Devices           
 9.3 Mobile Applications          
 9.4 Web Applications            
              
10 Global Software Defined Storage Market, By End User        
 10.1 Introduction           
 10.2 Transportation           
 10.3 Media and Entertainment          
 10.4 Retail            
 10.5 Manufacturing           
 10.6 Logistics and Warehouse          
 10.7 Industrial            
 10.8 Healthcare           
 10.9 Government and Public Sector          
 10.10 Telecom and ITES           
 10.11 Education           
 10.12 Banking, Financial Services, and Insurance (BFSI)        
 10.13 Energy & Utilities           
              
11 Global Software Defined Storage Market, By Geography        
 11.1 Introduction            
 11.2 North America           
  11.2.1 US           
  11.2.2 Canada           
  11.2.3 Mexico           
 11.3 Europe            
  11.3.1 Germany           
  11.3.2 UK           
  11.3.3 Italy           
  11.3.4 France           
  11.3.5 Spain           
  11.3.6 Rest of Europe          
 11.4 Asia Pacific           
  11.4.1 Japan           
  11.4.2 China           
  11.4.3 India           
  11.4.4 Australia           
  11.4.5 New Zealand          
  11.4.6 South Korea           
  11.4.7 Rest of Asia Pacific          
 11.5 South America           
  11.5.1 Argentina          
  11.5.2 Brazil           
  11.5.3 Chile           
  11.5.4 Rest of South America         
 11.6 Middle East & Africa          
  11.6.1 Saudi Arabia          
  11.6.2 UAE           
  11.6.3 Qatar           
  11.6.4 South Africa          
  11.6.5 Rest of Middle East & Africa         
              
12 Key Developments            
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 12.2 Acquisitions & Mergers          
 12.3 New Product Launch          
 12.4 Expansions           
 12.5 Other Key Strategies          
              
13 Company Profiling            
 13.1 Western Digital Corporation          
 13.2 Dell            
 13.3 Scality             
 13.4 NetApp             
 13.5 Microsoft            
 13.6 Intel             
 13.7 Ericsson             
 13.8 HPE            
 13.9 Fujitsu            
 13.10 EMC Corporation           
 13.11 IBM             
 13.12 DataCore            
 13.13 Citrix            
 13.14 Atlantis             
 13.15 Vmware            
 13.16 DataDirect Networks          
 13.17 SUSE Group           
              
List of Tables             
1 Global Software Defined Storage Market Outlook, By Region (2020-2028) ($MN)      
2 Global Software Defined Storage Market Outlook, By Usage (2020-2028) ($MN)      
3 Global Software Defined Storage Market Outlook, By DevOps (2020-2028) ($MN)      
4 Global Software Defined Storage Market Outlook, By Surveillance (2020-2028) ($MN)     
5 Global Software Defined Storage Market Outlook, By Data Backup & Disaster Recovery (2020-2028) ($MN)   
6 Global Software Defined Storage Market Outlook, By Storage Provisioning and High Availability (2020-2028) ($MN)  
7 Global Software Defined Storage Market Outlook, By Component (2020-2028) ($MN)     
8 Global Software Defined Storage Market Outlook, By Service (2020-2028) ($MN)      
9 Global Software Defined Storage Market Outlook, By Training and Consulting (2020-2028) ($MN)    
10 Global Software Defined Storage Market Outlook, By Support and Maintenance (2020-2028) ($MN)    
11 Global Software Defined Storage Market Outlook, By Deployment and Testing (2020-2028) ($MN)    
12 Global Software Defined Storage Market Outlook, By Platform/Solution (2020-2028) ($MN)     
13 Global Software Defined Storage Market Outlook, By Storage Hypervisor (2020-2028) ($MN)     
14 Global Software Defined Storage Market Outlook, By Data Security and Compliance Software (2020-2028) ($MN)   
15 Global Software Defined Storage Market Outlook, By Software-Defined Storage Controller Software (2020-2028) ($MN)  
16 Global Software Defined Storage Market Outlook, By Data Management (2020-2028) ($MN)     
17 Global Software Defined Storage Market Outlook, By Software-Defined Storage Server (2020-2028) ($MN)   
18 Global Software Defined Storage Market Outlook, By Type (2020-2028) ($MN)      
19 Global Software Defined Storage Market Outlook, By Standalone Software Defined Storage (2020-2028) ($MN)   
20 Global Software Defined Storage Market Outlook, By Object (2020-2028) ($MN)      
21 Global Software Defined Storage Market Outlook, By Hypervisor based Storage (2020-2028) ($MN)    
22 Global Software Defined Storage Market Outlook, By File (2020-2028) ($MN)      
23 Global Software Defined Storage Market Outlook, By Container based Storage (2020-2028) ($MN)    
24 Global Software Defined Storage Market Outlook, By Block (2020-2028) ($MN)      
25 Global Software Defined Storage Market Outlook, By Hyper-Converged Infrastructure (2020-2028) ($MN)   
26 Global Software Defined Storage Market Outlook, By Organization Size (2020-2028) ($MN)     
27 Global Software Defined Storage Market Outlook, By Large Enterprises (2020-2028) ($MN)     
28 Global Software Defined Storage Market Outlook, By Small and Medium Businesses (SMBs) (2020-2028) ($MN)   
29 Global Software Defined Storage Market Outlook, By Application (2020-2028) ($MN)     
30 Global Software Defined Storage Market Outlook, By Consumer Devices (2020-2028) ($MN)     
31 Global Software Defined Storage Market Outlook, By Mobile Applications (2020-2028) ($MN)     
32 Global Software Defined Storage Market Outlook, By Web Applications (2020-2028) ($MN)     
33 Global Software Defined Storage Market Outlook, By End User (2020-2028) ($MN)      
34 Global Software Defined Storage Market Outlook, By Transportation (2020-2028) ($MN)     
35 Global Software Defined Storage Market Outlook, By Media and Entertainment (2020-2028) ($MN)    
36 Global Software Defined Storage Market Outlook, By Retail (2020-2028) ($MN)      
37 Global Software Defined Storage Market Outlook, By Manufacturing (2020-2028) ($MN)     
38 Global Software Defined Storage Market Outlook, By Logistics and Warehouse (2020-2028) ($MN)    
39 Global Software Defined Storage Market Outlook, By Industrial (2020-2028) ($MN)      
40 Global Software Defined Storage Market Outlook, By Healthcare (2020-2028) ($MN)     
41 Global Software Defined Storage Market Outlook, By Government and Public Sector (2020-2028) ($MN)    
42 Global Software Defined Storage Market Outlook, By Telecom and ITES (2020-2028) ($MN)     
43 Global Software Defined Storage Market Outlook, By Education (2020-2028) ($MN)      
44 Global Software Defined Storage Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)  
45 Global Software Defined Storage Market Outlook, By Energy & Utilities (2020-2028) ($MN)     
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
              

 

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