Global Software Defined Storage (SDS) Solutions Industry
New Study On “Global Software Defined Storage (SDS) Solutions Market Share, Supply, Analysis and Forecast to 2025” Added to Wise Guy Reports Database
Overview
Rapid innovation in software technologies has helped the global technology industry usher into a new era. From driverless cars to rapid automation of industries, innovations in technology has helped the global software industry grow by leap and bound in recent years. One such segment that has garnered much attention in recent years is the global software-defined storage (SDS) industry.
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The software-defined industry represents a new class of software that encapsulates data and is not dependent on the hardware. The software finds its extensive use in the data centers and is known to have a significant impact on the rapidly evolving data analytics industry.
The global software-defined storage (SDS) industry hit a major high in the year 2018 and is expected to grow rapidly at a compound annual growth rate of xx percent for the next few years. The industry is expected to cross a major milestone by the year 2025.
Latest News
In a recent deal, Commonvault acquired Hedvig to boost its Software-Defined Storage solutions vision. The deal was pegged at $225 million dollars.
Market Segmentation
The software-defined storage (SDS) solution can be segmented on several factors. However, some of the most critical factors that the industry can be segmented upon are applications, usages, and components.
The software serves well to companies of all sizes. Based on the applications, the industry can be segmented into education, media and entertainment, telecom &IT, banking and financial intuitions, healthcare, and several others.
On the other hand, based on the usage, the software-defined storage (SDS) solution can be segmented into data backup, surveillance, disaster recovery, storage provisioning, and high availability.
Based on the components, the industry can be segmented into platforms/ solutions, services, support and maintenance, storage hypervisor, data management, and several others. Each segmentation has its own set of advantages and disadvantages and hence plays a crucial role in the industry.
Key players in the industry
Major players in the industry characterize software-defined storage solutions (SDS). Some of the notable names in the industry include names like IBM, DataCore Software, Dell EMC, Red Hat, Nutanix and several others. These companies have been in the industry long enough and know the industry inside out. They know what works and what does not.
Factors affecting the growth prospects
There is a slew of factors that affect the growth prospects of software-defined storage (SDS) solution. The product is used extensively in the data centers where companies have to upgrade their servers continuously. Being independent of the underlying hardware, the industry serves the data centers best.
On the other hand, the software is best suited for a vast amount of data generated by the firms. The software enables proper storage of the data, which can then be used for drawing meaningful insights.
However, the lack of technical skills has been hurting the growth prospects of the industry, which slows down the growth prospects.
Major geographies
The software-defined storage (SDS) solution finds its application in major geographies across the globe. The United States, followed by China, represent the lion share. Other major regions include India and parts of Europe, where technology has been evolving rapidly.
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