The Software Defined Storage (SDS) Market size is
expected to reach USD 17,461.9 million by 2024, according to a new study
conducted by Grand View Research, Inc.
The
emergence of the Big Data technology is anticipated to impel growth in the
global software defined storage market. Technological propagation, coupled with
benefits such as high flexibility and cloud storage, is instrumental in keeping
the industry prospects upbeat. The technology facilitates the efficient
management and control of complex networks through proficient resource data
traffic management.
The
advancements in the cloud technology, its availability, and wider access to
cloud-based platforms are favorably impacting the industry. Various enterprises
across the globe are experiencing the need for minimizing infrastructure
development and data storage center costs which are significantly contributing
toward theexpansion of the industry.
Enterprises
across diverse verticals are generating excessive data, creating the need for
effective data storage management solutions. SDS solutions offer high agility
and robustness to businesses along with cost and time efficiency.
The
industry is projected witness significant growth in the developing markets of
South America and the Asia Pacific regions, owing to thestrong growth of the
small-scale industries. The need for improving the efficiency and business
processesin data centers is driving the demand for SDS solutions in small and
medium-sized enterprises.
Browse
Details of Report @
http://www.grandviewresearch.com/industry-analysis/software-defined-storage-sds-market
http://www.grandviewresearch.com/industry-analysis/software-defined-storage-sds-market
Further key findings from the study suggest:
- The BFSI
segment dominated the global software defined storage industry, accounting
for over 17% of the market share in 2015. The large-scale data generation
in the banking and financial institutions and the need for incessant data
availability are leading to the large-scale adoption of SDS solutions in
the BFSI sector.
- The North
American regional market accounted for over 40% of the global revenue
share in 2015. The strong presence of software defined storage solution
vendors in the region is expected to contribute to the industry growth in
the region. Asia Pacific is expected to emerge as the fastest-growing
regional market. The rise of small-scale industries in the developing
markets of India and China is driving the regional growth.
- Small and
medium-sized enterprises accounted for over 30% of the global revenue
share in 2015. The growth of Small and Medium-Sized Business (SMB) units
across the globe, owing to the favorable government initiatives, is
substantially driving the demand for SDS solutions among the small and
medium-sized enterprises.
- The major
vendors include Brain Corporation (U.S.), Hewlett-Packard (U.S.), HRL
Laboratories, LLC (U.S.), Intel Corporation (U.S.), Numenta, Inc. (U.S.),
and Vicarious FPC, Inc. (U.S.). Industry vendors are emphasizing on new
product developments and forming technology alliances to gain a
competitive edge in the industry.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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