Press Release
Press Release
The market is being driven by the rising adoption of cloud technology. Software-defined storage solutions play a crucial role in addressing data management challenges in cloud computing. It also facilitates on-site and cloud storage devices, enabling centralised management of various storage devices.
A booming startup culture, along with a flexible working culture across big and small organisations, is supporting the software-defined storage market growth. There are over 150 million startups worldwide and about 50 million new startups are launched every year, globally.
A rising number of startups, aided by government initiatives and strengthened ease-of-doing-business policies, is accelerating the acceptance of cloud solutions. Enterprises are turning to the cloud due to various advantages, like cost reduction, scalability, and enhanced efficiency, surging the requirement for software-defined storage.
In addition, growing innovation and collaboration in the field are strengthening the market. For example, in October 2023, Dell Technologies updated its PowerFlex software-defined infrastructure platform, PowerFlex 4.5, with a focus on data centre storage consolidation. This update offers an extended range of supported operating systems (OS), improved alert reporting, and unified storage pool management within a single namespace.
Moreover, rising mergers and acquisitions by key players are also revolutionising the market. For instance, in October 2022, IBM merged the Red Hat Storage software portfolio with IBM Storage to create a comprehensive storage software portfolio. IBM invested in open-source-based CEPH as the foundation for its software-defined storage platform.
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The major players in the global software-defined storage market are Dell Technologies Inc., Fujitsu Limited, International Business Machines Corporation, Citrix Systems, Inc., NetApp, Inc., Seagate Technology PLC, and Hewlett Packard Enterprise Co, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Solutions |
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Breakup by Usage |
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Breakup by Company Size |
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Breakup by Platform |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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