The global software-defined storage market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing adoption of software-defined storage solutions in various industries to improve organizations processing and to improve efficiency is a key factor expected to drive growth of the global market over the forecast period. However, interoperability issues are expected to hamper growth of the target market in the near future.
The global software-defined storage market report has been segmented on the basis of software, usage, end-user, and region. On the basis of software, the target market is segmented into SDS server, data security and compliance software, SDS controller software, data management, and storage hypervisor. On the basis of usage, the target market is segmented into data back up and disaster recovery, surveillance, and storage provisioning.
On the basis of end-user, the target market is segmented into Banking, Financial Services, and Insurance (BFSI), telecom, manufacturing, education, media and entertainment, healthcare, and others (logistics and warehouse, high tech). The Banking, Financial Services, and Insurance (BFSI) end-user segment is expected to account for highest share in the target market in terms of revenue over the forecast period, owing to increasing adoption of software-defined storage solutions.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to technological advancements, and presence of major players in the target market in various countries in this region. The market in Asia Pacific is expected to register significant CAGR in terms of revenue, owing to increasing number of IT companies and improved infrastructure in developing countries such as India, China, and Japan in the region.
Key players operating in the global software-defined storage market include open text corporation, Microsoft Corporation, IBM Corporation, Dell EMC, Hitachi Data Systems Ltd., Hewlett Packard Enterprise Company, VMware, Inc., Amplidata N.V., NetApp, Inc., and Nexenta Systems, Inc.