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Global Software-Defined Storage Market 2019-2023

Global Software-Defined Storage Market 2019-2023

Global Software-defined Storage Market: About this market

Software-defined storage enables enterprises to increase their storage capacity and offers simplified data management without depending on hardware. Technavio’s 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.

Global Software-defined Storage Market: Overview

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.

For the detailed list of factors that will drive the global software-defined storage market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global software-defined storage market is moderately concentrated. Technavio’s robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading Software-defined Storage manufacturers, which include Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, IBM Corp., and NetAPP Inc.

Also, the software-defined storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


Companies Mentioned

Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, IBM Corp., and NetAPP Inc.

  • Executive summary
  • Scope of the report
    • Preface
      • Table Solution offerings from key vendors
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global data center investments market
      • Table Segments of global data center investments market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • BFSI - Market size and forecast 2018-2023
      • Table BFSI - Market size and forecast 2018-2023 ($ millions)
      • Table BFSI - Year-over-year growth 2019-2023 (%)
    • Telecom and IT - Market size and forecast 2018-2023
      • Table Telecom and IT - Market size and forecast 2018-2023 ($ millions)
      • Table Telecom and IT - Year-over-year growth 2019-2023 (%)
    • Government - Market size and forecast 2018-2023
      • Table Government - Market size and forecast 2018-2023 ($ millions)
      • Table Government - Year-over-year growth 2019-2023 (%)
    • Healthcare - Market size and forecast 2018-2023
      • Table Healthcare - Market size and forecast 2018-2023 ($ millions)
      • Table Healthcare - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing number of collaborations and acquisitions
    • Rise in digital transformation
    • Rise of hyper-converged technology
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cisco Systems Inc.
      • Table Cisco Systems Inc. - Vendor overview
      • Table Cisco Systems Inc. - Business segments
      • Table Cisco Systems Inc. - Organizational developments
      • Table Cisco Systems Inc. - Geographic focus
      • Table Cisco Systems Inc. - Segment focus
      • Table Cisco Systems Inc. - Key offerings
    • Dell Technologies Inc.
      • Table Dell Technologies Inc. - Vendor overview
      • Table Dell Technologies Inc. - Business segments
      • Table Dell Technologies Inc. - Organizational developments
      • Table Dell Technologies Inc. - Geographic focus
      • Table Dell Technologies Inc. - Segment focus
      • Table Dell Technologies Inc. - Key offerings
    • Hewlett Packard Enterprise Development LP
      • Table Hewlett Packard Enterprise Development LP - Vendor overview
      • Table Hewlett Packard Enterprise Development LP - Business segments
      • Table Hewlett Packard Enterprise Development LP - Organizational developments
      • Table Hewlett Packard Enterprise Development LP - Geographic focus
      • Table Hewlett Packard Enterprise Development LP - Segment focus
      • Table Hewlett Packard Enterprise Development LP - Key offerings
    • IBM Corp.
      • Table IBM Corp. - Vendor overview
      • Table IBM Corp. - Business segments
      • Table IBM Corp. - Organizational developments
      • Table IBM Corp. - Geographic focus
      • Table IBM Corp. - Segment focus
      • Table IBM Corp. - Key offerings
    • NetAPP Inc.
      • Table NetAPP Inc. - Vendor overview
      • Table NetAPP Inc. - Business segments
      • Table NetAPP Inc. - Organizational developments
      • Table NetAPP Inc. - Geographic focus
      • Table NetAPP Inc. - Segment focus
      • Table NetAPP Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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