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Software Defined Storage - Global Market Outlook (2017-2023)NEW YORK, Aug. 31, 2017 /PRNewswire/ -- According to Stratistics MRC, the Software Defined Storage Market is accounted for $4.18 billion in 2016 and expected to grow at a CAGR of 39.0% to reach $42.1 billion by 2023. Factors like growth in the volume of data across enterprises, rise of software-defined (SD) concept and cost optimization in managing hardware are boosting the market growth. Absence of skilled workforce for effective deployment of SDS infrastructure and security and reliability concerns in virtual cloud storage will impede the market growth. Furthermore, competitive market environment and downtime avoidance of storage infrastructure provide wider opportunity for the market to grow. Read the full report: https://www.reportlinker.com/p05088972 Banking, Financial Services, & Insurance (BFSI) application segment accounted for largest market revenue because it gives analysts sufficient time to plan and manage their data to comply with evolving government regulations. Software-Defined Storage Controller Software is expected to grow signi?cantly during the forecast period. The security, and support & maintenance services are expected to grow at the highest CAGR during the forecast period. Asia-Pacific is expected to be the fastest growing region due to technological advancement with the increasing IT number of companies. North America is the largest market because many companies are adopting software-defined solutions in their data centers. Some of the key players in global Software Defined Storage market are Amplidata Inc., Citrix Systems Inc., Dell Inc., EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Hitachi Data Systems, IBM Corporation, Microsoft Corporation, Netapp, Inc., Nexenta Systems, Inc., OpenText Corporation, Seagate Technology and Scality*, Vmware In. and Western Digital Corporation. Applications Covered: Usages Covered: Components Covered: Organization Sizes Covered: Regions Covered: What our report offers: Read the full report: https://www.reportlinker.com/p05088972 About Reportlinker __________________________ View original content:http://www.prnewswire.com/news-releases/software-defined-storage---global-market-outlook-2017-2023-300512744.html SOURCE Reportlinker |