Software-Defined Storage Market 2020 Size, Share, Future Challenges, Revenue, Growth Factor, Top Players Analysis and Forecast to 2023September 25, 2020
The MarketWatch News Department was not involved in the creation of this content.
Sep 25, 2020 (The Expresswire) —
“Software-Defined Storage Market”research provides actionable intelligence on major parameters impacting the market, analyses the market performance of key companies, market dynamics of key segments, outlines the market performance across global regions. The insights of the industry over the past 5 years and a forecast until 2023 is provided.
Software-defined storage enables enterprises to increase their storage capacity and offers simplified data management without depending on hardware. Our software-defined storage market analysis considers sales to the banking, financial services and insurance (BFSI), telecom and IT, government, healthcare, and other segments. Our analysis also considers the sales of software-defined storage in APAC, Europe, MEA, North America, and South America. In 2018, the BFSI segment held the highest market share. However, the telecom and IT enterprises segment is expected to lead in terms of market share over the forecast period. Factors such as the increasing demand for enhanced storage solutions from telecom and IT enterprises and the need for low latency services will significantly help the digital synthesizers segment in maintaining its leading market position. Also, our global software-defined storage report has observed market growth factors such as the surge in cloud adoption, increasing data center investments and data center modernization, and low operational expenditure and simplified management. However, implementation challenges, increasing cyber threat landscape, and cost associated with software-defined storage may hamper the growth of the software-defined storage industry over the forecast period.
Top Software-Defined Storage Market Manufacturers/Key Players:
● Cisco Systems Inc. ● Dell Technologies Inc. ● Hewlett Packard Enterprise Development LP ● IBM Corp. ● and NetAPP Inc.
Software-Defined Storage Market research focus on: –
● Market Characteristics, Market Landscape ● Market Size, Market Segmentation ● Vendor Analysis,Vendor Landscape, and Competitive Landscape ● Regional Landscape, Decision Framework ● Market Dynamics: -Market Trends, Drivers, and Challenges
Market Driver: surge in cloud adoption
Market Trend: rise of hyper-converged technology
Market Challenge: cost associated with software-defined storage.
Surge in cloud adoption
Enterprises are increasingly adopting cloud solutions to reduce operational cost, enhance scalability, and improve efficiency. As a result, the adoption of software-defined storage is increasing among the end-users of cloud solutions. This is because software-defined storage can address data management challenges in cloud platforms. As a result, the market vendors are recording increased sales. Therefore, the surge in cloud adoption will lead to the expansion of the global software-defined storage market at a CAGR of almost 28%, despite decelerating growth momentum, during the forecast period.
Rise of hyper-converged technology
The adoption of hyper-converged technology is increasing among SMEs as compute, storage, and network can be managed centrally. A hyper-converged infrastructure is a combination of software-defined resources. As a result, the sales of software-defined storage is increasing. Therefore, this trend will have a positive impact on the overall market growth.
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Market Segment by Regions, regional analysis covers
● North America ● Europe ● Asia-Pacific ● South America ● Middle East and Africa
The Study Objectives of Software-Defined Storage Market Report Are:
● To analyse and study the market sales, Software-Defined Storage market size, status and forecast (2019-2023). ● Focuses on the key Software-Defined Storage manufacturers, to study the sales, value, market share and development plans in the future. ● Focuses on the global key manufacturers, to define, describe and analyse the market competition landscape, SWOT analysis. ● To define, describe and forecast the market by type, application and region. ● To analyse the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. ● To identify significant market trends and factors driving or inhibiting market growth. ● To analyse the opportunities in the market for stakeholders by identifying the high growth segments. ● To strategically analyse each submarket with respect to individual growth trend and their contribution to the market ● To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market ● To strategically profile the key players and comprehensively analyse Software-Defined Storage market growth strategies.
The Research Document Will Answer the Following Questions Such as:
● What are the cutting-edge technologies responsible for driving the growth of the market? ● What are the main applications of the market? What are the Software-Defined Storage market growth prospects of themarket applications in the market? ● At what stage of development are the key market products? ● What are the shortcomings that have to face to become commercially viable? Are their growth and commercialization dependent on cost declines or technological/application breakthroughs? ● What is the outlook for the industry? ● What difference do performance characteristics of Software-Defined Storage create from those of established entities?
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Some TOC Points Covered in this Software-Defined Storage Market Report are:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 04: MARKET SIZING
• Market definition
• Market sizing 2019
• Market size and forecast 2019-2023
PART 05: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
• Market segmentation by product
• Comparison by product
• Major household appliances – Market size and forecast 2019-2023
• Small household appliances – Market size and forecast 2019-2023
• Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
• Market segmentation by distribution channel
• Comparison by distribution channel
• Offline – Market size and forecast 2019-2023
• Online – Market size and forecast 2019-2023
• Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE
• Geographic segmentation
• Geographic comparison
• APAC – Market size and forecast 2019-2023
• EMEA – Market size and forecast 2019-2023
• Americas – Market size and forecast 2019-2023
• Key leading countries
• Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 12: MARKET TRENDS
• Increased adoption of multi-functional and advanced products
• Growing adoption of smart household appliances
• Increase in MandA and strategic alliance activities
• Other trends
PART 13: VENDOR LANDSCAPE
• Landscape disruption
• Competitive scenario
PART 14: VENDOR ANALYSIS
Detailed TOC of Software-Defined Storage Market@
Name: Ajay More
Organization: Industry Research Co.
Phone: +44 20 3239 8187 / +14242530807
Email: [email protected]
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