Software Defined Storage Market Poised to $6,217.6 Million by 2019

According to new market research report "Software Defined Storage (SDS) Market by Component (Storage Hypervisor, Storage Virtualization Software, Control Planes, Data Services), & by Company Size (Small Businesses, Medium Businesses, Enterprises, Large Enterprises) – Global Forecast to 2019", published by MarketsandMarkets, defines and segments the software defined storage market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.

Browse 70 market data tables and 37 figures spread through 126 pages and in-depth TOC on “Software Defined Storage (SDS) Market – Global Forecast to 2019”

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The usage of storage virtualization or operating an internal data center depends on variables like budget, mission, values and preferences. The expenses of setting up and maintaining the data center space along with the perfect environmental, security and performance conditions is high for many small to medium-sized companies with limited financial resources. As a result, these companies are moving towards employing SDS solutions for optimizing their operational costs. SDS solutions help in federating and virtualizing storage units present globally for the advantage of its users. These solutions automatically allocate the storage units dynamically on the public and the private cloud based data centers.

The software defined storage market is broadly segmented by type of Component: Storage virtualization software, storage hypervisors, control plane, and data services; By organization size: small enterprise, medium enterprise, enterprise, and large enterprise; By type of verticals: financial services, healthcare, manufacturing, government, education, telecom & IT, defense & aerospace; By regions: North America (NA), Asia pacific (APAC), Europe (EU), Latin America (LA), Middle East and Africa (MEA).

The software defined storage market is estimated to grow from $1,409.7 million in 2014 to $6,217.6 million in 2019, at an estimated CAGR of 34.6% from 2014 to 2019. The financial services, healthcare, and manufacturing vertical will be the largest adopter of storage virtualization software. In terms of regions, North America is expected to be the largest market in terms of revenue contribution, while Asia Pacific (APAC) is expected to show higher growth rates in the coming years.

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