Chicago, IL -- (SBWIRE) -- 08/03/2017 -- According to the report, "Software Defined Storage Market, by Component (Platform/solution, Service), Software (SDS server, Data security and compliance software, SDS controller software, Data management, Storage hypervisor), Service (Consulting and training, Support and maintenance, Deployment and testing, Training and consulting, SDS service), Usage (Surveillance, Data backup and disaster recovery, Storage provisioning and high availability), Organization Size (Small and Medium Businesses (SMBs), Large enterprises), Industry Vertical (Education, Telecom and ITES, Logistics and warehouse, Healthcare, Media and entertainment, Banking, Financial Services, and Insurance (BFSI)) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for software defined storage is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.

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In recent days, software defined storage is expanding. This technology shall improve the storage performances, thus reducing the cost required to be invested to develop IT infrastructure. Wide data expansion has led to developments in data storage technologies. There is rise in requirement for a safe and accurate data backup facility; hence, the software defined storage is gaining popularity worldwide. This report studies the current and future aspects of the software defined storage market

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KEY PREMIUM INDUSTRY INSIGHTS

1. Rise in cloud-based infrastructure has let to rapid growth of software defined storage market. In addition, small and medium-sized enterprises are adapting to virtualization technologies to expand their business.

2. This has led to new opportunities for the growth of the market. Latest technologies such as Big Data and BYOD are also contributing towards the market growth. Overall, the market is bound to grow at a steady pace worldwide during the forecasted period.

The software defined storage market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the global software defined storage market. The region holds dominance because of presence of strong software defined storage vendors in the region. Next in line is the Asia-Pacific region which is witnessing a steady growth in the market due to rapid adoption of virtualization technologies which is opening newer growth options for the software defined storage vendors. China is contributing the maximum revenue from Asia-Pacific region. Latin America is also showing a rapid market growth.

KEY MARKET PLAYERS

Key players in the software defined storage market include:

1. Dell
2. EMC Corporation*
3. Fujitsu Ltd.
4. Hewlett Packard Enterprise Development LP
5. International Business Machines Corporation
6. Citrix Systems Inc.
7. Netapp, Inc.
8. Seagate Technology and Scality*
9. Vmware Inc.
10. Western Digital Corporation

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