Global Software-Defined Storage Market 2020-2024
Technavio has been monitoring the software-defined storage market and it is poised to grow by $ 42.79 bn during 2020-2024 progressing at a CAGR of 27% during the forecast period. Our reports on software-defined storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the surge in cloud adoption, increasing data center investments and data center modernization and low operational expenditure and simplified management. In addition, the surge in cloud adoption is anticipated to boost the growth of the market as well.
The software-defined storage market analysis includes end-user segment and geographic landscapes
Technavio's software-defined storage market is segmented as below:
- Telecom and IT
By Geographic Landscapes
- North America
- South America
This study identifies the rise of hyper-converged technology as one of the prime reasons driving the software-defined storage market growth during the next few years. Also, rise in digital transformation and growing number of collaborations and acquisitions will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our software-defined storage market covers the following areas:
- Software-defined storage market sizing
- Software-defined storage market forecast
- Software-defined storage market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading software-defined storage market vendors that include Broadcom Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., NetApp Inc., and Oracle Corp.. 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.