Published on : Jul 28, 2017
Albany, New York, July 28, 2017: The growing need to reduce storage cost is driving the global software defined storage market, states a new report added by ResearchMoz.us. The report is titled, “Global Software Defined Storage (SDS) Market Size, Status and Forecast 2022.” The report states that the need for cost optimization in data management and regulatory mandates for storing and sharing data while securing business critical information are key drivers for the global SDS market.
SDS provides enhanced flexibility and therefore is in high demand from enterprises both big and small to minimize issues relating to vendor lock in, especially for hardware procurements from storage suppliers. SDS enables easy maintenance and operation of storage functions. The flexibility to add and remove storage capacity as well as customize the solutions as per client requirements are some of the benefits software defined storage, boosting its demand worldwide. In addition to this, SDS can reduce backup problems since data recovery process is retrieved routinely.
Some of the factors restricting the growth of the global software defined storage market include privacy concerns and data security issues. The loss of sensitive data or access to unauthorized people can cause severe harm to a company’s reputation. In addition to this, the shifting process from conventional data centers to software defined storage solutions is a tedious process, which deters enterprises from making the move.
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The report offers key details regarding the current size and future market size, by taking into account past figures and present trends. Future opportunities are also considered in estimating the potential of the market. The study is unbiased and takes into account not only the positive factors that are driving the growth prospects of the global software defined storage market but also the various restraining factors that are challenging and hampering the growth of the market. The key segments of the global software defined storage market are studied along with their sub-segments and the leading, declining, fastest growing, and slowest growing segments are pointed out so that readers can get a better idea as to where to invest their money.
On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, Asia Pacific is estimated to witness the highest growth in the SDS market during the forecast period on account of the growing number of IT firms and small and medium businesses or SMBs. North America has been the region that has adopted SDS solutions to the largest extents and is a leading market for SDS.
Key players in the global software defined storage market are: Seagate Technology and Scality, IBM, Western Digital, Citrix Systems, Nexenta System, Netapp, Vmware, Datacore Software, Atlantis Computing, Ericsson, Intel, Microsoft, Maxta, Nutanix, Swiftstack, and Pivot3.
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