
North America Software Defined Storage Market Size, Share & Trends Analysis Report By Component, By Deployment (On-premises, and Cloud), By Organization Size, By End Use, By Application, By Country and Growth Forecast, 2024 - 2031
Description
The North America Software Defined Storage Market would witness market growth of 25.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Software Defined Storage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $60,499.5 million by 2031. The Canada market is experiencing a CAGR of 28.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 27.5% during (2024 - 2031).
Software-defined Storage (SDS) represents a transformative shift in data storage technologies, fundamentally altering how enterprises manage their data. Traditional storage systems rely heavily on proprietary hardware and specific configurations, making them rigid, costly, and difficult to scale. In contrast, SDS abstracts and virtualizes the storage hardware to enable more flexible, scalable, and cost-effective solutions.
In SDS, software controls the data storage infrastructure and allows storage resources to be provisioned, allocated, and managed across various storage hardware components. This decoupling of software and hardware allows businesses to integrate commodity hardware, reducing capital expenditures and providing greater flexibility.
According to the Government of Canada, the country has invested $196.1 billion over the next ten years, including $46.2 billion in new funding, to improve healthcare services. This significant investment also includes $2.5 billion for supporting Indigenous priorities, totaling $198.6 billion over the next decade. With such a substantial investment in healthcare, there is an increasing need for efficient data storage solutions to support the growth of electronic health records, telemedicine, and other digital health initiatives. Moreover, as per the International Trade Administration (ITA), Mexico’s telecommunications sector is one of the most dynamic in the region, consistently outpacing the overall economy’s growth. Driven by mobile telephones, broadband services, and broadcasting, Mexico had over 130 million active wireless lines in 2022, with over 113 million connected to the internet. This robust growth in telecommunications infrastructure, including broadband and mobile internet, has increased demand for data storage solutions. In conclusion, USA, Canada and Mexico are investing heavily in their healthcare and telecommunications sectors and entertainment industry, driving the demand for flexible and scalable data storage solutions.
Based on Component, the market is segmented into Solutions (Storage Virtualization, Storage Provisioning & Orchestration, and Storage Replication), and Services (Support & Maintenance, Implementation & Integration, and Consulting). Based on Deployment, the market is segmented into On-premises, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises (SMEs). Based on End Use, the market is segmented into BFSI, IT & Telecommunications, Retail & E-commerce, Healthcare, Logistics & Warehouse, Media & Entertainment, and Other End Use. Based on Application, the market is segmented into Data Backup and Disaster Recovery, Cloud Storage, Big Data Storage, Storage Provisioning, Data Archiving, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
By Component
The US market dominated the North America Software Defined Storage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $60,499.5 million by 2031. The Canada market is experiencing a CAGR of 28.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 27.5% during (2024 - 2031).
Software-defined Storage (SDS) represents a transformative shift in data storage technologies, fundamentally altering how enterprises manage their data. Traditional storage systems rely heavily on proprietary hardware and specific configurations, making them rigid, costly, and difficult to scale. In contrast, SDS abstracts and virtualizes the storage hardware to enable more flexible, scalable, and cost-effective solutions.
In SDS, software controls the data storage infrastructure and allows storage resources to be provisioned, allocated, and managed across various storage hardware components. This decoupling of software and hardware allows businesses to integrate commodity hardware, reducing capital expenditures and providing greater flexibility.
According to the Government of Canada, the country has invested $196.1 billion over the next ten years, including $46.2 billion in new funding, to improve healthcare services. This significant investment also includes $2.5 billion for supporting Indigenous priorities, totaling $198.6 billion over the next decade. With such a substantial investment in healthcare, there is an increasing need for efficient data storage solutions to support the growth of electronic health records, telemedicine, and other digital health initiatives. Moreover, as per the International Trade Administration (ITA), Mexico’s telecommunications sector is one of the most dynamic in the region, consistently outpacing the overall economy’s growth. Driven by mobile telephones, broadband services, and broadcasting, Mexico had over 130 million active wireless lines in 2022, with over 113 million connected to the internet. This robust growth in telecommunications infrastructure, including broadband and mobile internet, has increased demand for data storage solutions. In conclusion, USA, Canada and Mexico are investing heavily in their healthcare and telecommunications sectors and entertainment industry, driving the demand for flexible and scalable data storage solutions.
Based on Component, the market is segmented into Solutions (Storage Virtualization, Storage Provisioning & Orchestration, and Storage Replication), and Services (Support & Maintenance, Implementation & Integration, and Consulting). Based on Deployment, the market is segmented into On-premises, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises (SMEs). Based on End Use, the market is segmented into BFSI, IT & Telecommunications, Retail & E-commerce, Healthcare, Logistics & Warehouse, Media & Entertainment, and Other End Use. Based on Application, the market is segmented into Data Backup and Disaster Recovery, Cloud Storage, Big Data Storage, Storage Provisioning, Data Archiving, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Microsoft Corporation
- Dell Technologies, Inc.
- Hewlett Packard Enterprise Company
- D2iQ, Inc.
- Oracle Corporation
- Cisco Systems, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Ericsson AB
- DataCore Software Corporation
By Component
- Solutions
- Storage Virtualization
- Storage Provisioning & Orchestration
- Storage Replication
- Services
- Support & Maintenance
- Implementation & Integration
- Consulting
- On-premises
- Cloud
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
- BFSI
- IT & Telecommunications
- Retail & E-commerce
- Healthcare
- Logistics & Warehouse
- Media & Entertainment
- Other End Use
- Data Backup and Disaster Recovery
- Cloud Storage
- Big Data Storage
- Storage Provisioning
- Data Archiving
- Other Application
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
169 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Software Defined Storage Market, by Component
- 1.4.2 North America Software Defined Storage Market, by Deployment
- 1.4.3 North America Software Defined Storage Market, by Organization Size
- 1.4.4 North America Software Defined Storage Market, by End Use
- 1.4.5 North America Software Defined Storage Market, by Application
- 1.4.6 North America Software Defined Storage Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Software Defined Storage Market by Component
- 5.1 North America Solutions Market by Region
- 5.2 North America Software Defined Storage Market by Solutions Type
- 5.2.1 North America Storage Virtualization Market by Country
- 5.2.2 North America Storage Provisioning & Orchestration Market by Country
- 5.2.3 North America Storage Replication Market by Country
- 5.3 North America Services Market by Region
- 5.4 North America Software Defined Storage Market by Services Type
- 5.4.1 North America Support & Maintenance Market by Country
- 5.4.2 North America Implementation & Integration Market by Country
- 5.4.3 North America Consulting Market by Country
- Chapter 6. North America Software Defined Storage Market by Deployment
- 6.1 North America On-premises Market by Region
- 6.2 North America Cloud Market by Region
- Chapter 7. North America Software Defined Storage Market by Organization Size
- 7.1 North America Large Enterprises Market by Country
- 7.2 North America Small & Medium-sized Enterprises (SMEs) Market by Country
- Chapter 8. North America Software Defined Storage Market by End Use
- 8.1 North America BFSI Market by Country
- 8.2 North America IT & Telecommunications Market by Country
- 8.3 North America Retail & E-commerce Market by Country
- 8.4 North America Healthcare Market by Country
- 8.5 North America Logistics & Warehouse Market by Country
- 8.6 North America Media & Entertainment Market by Country
- 8.7 North America Other End Use Market by Country
- Chapter 9. North America Software Defined Storage Market by Application
- 9.1 North America Data Backup and Disaster Recovery Market by Country
- 9.2 North America Cloud Storage Market by Country
- 9.3 North America Big Data Storage Market by Country
- 9.4 North America Storage Provisioning Market by Country
- 9.5 North America Data Archiving Market by Country
- 9.6 North America Other Application Market by Country
- Chapter 10. North America Software Defined Storage Market by Country
- 10.1 US Software Defined Storage Market
- 10.1.1 US Software Defined Storage Market by Component
- 10.1.1.1 US Software Defined Storage Market by Solutions Type
- 10.1.1.2 US Software Defined Storage Market by Services Type
- 10.1.2 US Software Defined Storage Market by Deployment
- 10.1.3 US Software Defined Storage Market by Organization Size
- 10.1.4 US Software Defined Storage Market by End Use
- 10.1.5 US Software Defined Storage Market by Application
- 10.2 Canada Software Defined Storage Market
- 10.2.1 Canada Software Defined Storage Market by Component
- 10.2.1.1 Canada Software Defined Storage Market by Solutions Type
- 10.2.1.2 Canada Software Defined Storage Market by Services Type
- 10.2.2 Canada Software Defined Storage Market by Deployment
- 10.2.3 Canada Software Defined Storage Market by Organization Size
- 10.2.4 Canada Software Defined Storage Market by End Use
- 10.2.5 Canada Software Defined Storage Market by Application
- 10.3 Mexico Software Defined Storage Market
- 10.3.1 Mexico Software Defined Storage Market by Component
- 10.3.1.1 Mexico Software Defined Storage Market by Solutions Type
- 10.3.1.2 Mexico Software Defined Storage Market by Services Type
- 10.3.2 Mexico Software Defined Storage Market by Deployment
- 10.3.3 Mexico Software Defined Storage Market by Organization Size
- 10.3.4 Mexico Software Defined Storage Market by End Use
- 10.3.5 Mexico Software Defined Storage Market by Application
- 10.4 Rest of North America Software Defined Storage Market
- 10.4.1 Rest of North America Software Defined Storage Market by Component
- 10.4.1.1 Rest of North America Software Defined Storage Market by Solutions Type
- 10.4.1.2 Rest of North America Software Defined Storage Market by Services Type
- 10.4.2 Rest of North America Software Defined Storage Market by Deployment
- 10.4.3 Rest of North America Software Defined Storage Market by Organization Size
- 10.4.4 Rest of North America Software Defined Storage Market by End Use
- 10.4.5 Rest of North America Software Defined Storage Market by Application
- Chapter 11. Company Profiles
- 11.1 Microsoft Corporation
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 Research & Development Expenses
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Partnerships, Collaborations, and Agreements:
- 11.1.5.2 Acquisition and Mergers:
- 11.1.6 SWOT Analysis
- 11.2 Dell Technologies, Inc.
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expense
- 11.2.5 Recent strategies and developments:
- 11.2.5.1 Product Launches and Product Expansions:
- 11.2.6 SWOT Analysis
- 11.3 Hewlett Packard Enterprise Company
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
- 11.3.5.1 Product Launches and Product Expansions:
- 11.3.6 SWOT Analysis
- 11.4 D2iQ
- 11.4.1 Company Overview
- 11.5 Oracle Corporation
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Segmental and Regional Analysis
- 11.5.4 Research & Development Expense
- 11.5.5 Recent strategies and developments:
- 11.5.5.1 Partnerships, Collaborations, and Agreements:
- 11.5.5.2 Product Launches and Product Expansions:
- 11.5.6 SWOT Analysis
- 11.6 Cisco Systems, Inc.
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Regional Analysis
- 11.6.4 Research & Development Expense
- 11.6.5 SWOT Analysis
- 11.7 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Segmental Analysis
- 11.7.4 SWOT Analysis
- 11.8 IBM Corporation
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Regional & Segmental Analysis
- 11.8.4 Research & Development Expenses
- 11.8.5 Recent strategies and developments:
- 11.8.5.1 Partnerships, Collaborations, and Agreements:
- 11.8.5.2 Product Launches and Product Expansions:
- 11.8.6 SWOT Analysis
- 11.9 Google LLC (Alphabet Inc.)
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Segmental and Regional Analysis
- 11.9.4 Research & Development Expense
- 11.9.5 Recent strategies and developments:
- 11.9.5.1 Product Launches and Product Expansions:
- 11.9.6 SWOT Analysis
- 11.10. Ericsson AB
- 11.10.1 Company Overview
- 11.10.2 Financial Analysis
- 11.10.3 Segmental and Regional Analysis
- 11.10.4 Research & Development Expense
- 11.10.5 SWOT Analysis
- 11.11 DataCore Software Corporation
- 11.11.1 Company Overview
- 11.11.2 Recent strategies and developments:
- 11.11.2.1 Acquisition and Mergers:
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