Market Overview

Software-defined storage (SDS) is a marketing term for computer data storage software that defines policy-based provisioning and management of data storage. The process does not depend on the underlying hardware and includes a form of storage virtualization to separate the storage hardware from the software that manages it. A software-defined storage environment may also provide policy management for features such as data deduplication, replication, thin provisioning, snapshots and backup. Software-defined storage may be implemented via appliances over a conventional Storage Area Network (SAN), or implemented as Network-Attached Storage (NAS), or using object-based storage. SDS offers benefits such as improved system performance, web facilitation, and reducing maintenance cost, that have increased demand for SDS. Furthermore, increasing in data pool is major factor contributing to growth of the market. According to Coherent Market Insights’ analysis, around 2.6 Quintillion bytes of data is generated each day worldwide.

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Market Dynamics

Healthcare segment is projected to witness the highest CAGR over the forecast period. Rising adoption of wearable devices to track patient’s condition has led to increasing volume of data, as these devices offer data of individual patients. Storage and management of this large volume of data is difficult. Therefore, demand for software defined storage is increasing from the healthcare industry. According to Coherent Market Insights, in 2016, 275 million units of wearable devices have shipped globally. This is owing to increasing demand for data storage and management in the healthcare industry. This in turn is expected to aid in growth of the global market over the forecast period. Moreover, the increasing adoption of internet of things technology in healthcare industry also uplifted the market of software defined storage market in healthcare industry.

Detail Software Defined Storage Market Segmentation:

Global Software Defined Storage Market, By Component:

Platforms/Solutions

Services

Global Software Defined Storage Market, By Storage Usage:

Surveillance

Data-Backup and Disaster-Recovery

Storage Provisioning and High Availability

Others

Global Software Defined Storage Market, By Organization Size:

Small and Medium Enterprises (SMES)

Large Enterprises



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Some of the major companies in the global software defined storage market are Dell, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Citrix Systems Inc., Netapp, Inc., Seagate Technology, Vmware Inc., and Western Digital Corporation.

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