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The global market for software-defined storage products and services reached $8.5 billion in 2017
[March 01, 2018]

The global market for software-defined storage products and services reached $8.5 billion in 2017


NEW YORK, March 1, 2018 /PRNewswire/ -- The global market for software-defined storage products and services reached $8.5 billion in 2017. The market should reach $18.2 billion by 2022, growing at a compound annual growth rate (CAGR) of 16.4% during 2017-2022.

Read the full report: https://www.reportlinker.com/p05336817


• North America market for software-defined storage products and services reached $3.4 billion in 2017. The market should reach $7.5 billion by 2022, growing at a CAGR of 17.1% during 2017-2022.
• Asia-Pacific market for software-defined storage products and services reached $1.7 billion in 2017. The market should reach $4.2 billion by 2022, growing at a CAGR of 19.8% during 2017-2022.

Chapter 1: Introduction
Storage is a foundation element of the information technology infrastructure, especially as data accumulates and companies increase cloud deployments or the use of cloud services. Businesses are continually increasing their storage capacity even if their workforce remains static or declines.

Fully 80% of the world's data has been created in the past two years. Much of that data is unstructured, meaning it does not reside in traditional row column databases and is typically more storage intensive. Softwaredefined storage is a revolutionary technology that does exactly what the name implies: frees the software from the underlying hardware, allowing more cost-effective scalability to match the growing user demand.

Study Goals and Objectives
These trends and the market size and forecast they drive will be covered in this report on softwaredefined storage technologies. The report will identify market opportunities for suppliers of storage products and services as well as firms seeking the best technologies to deploy software-defined solutions.

Reasons for Doing This Study
BCC Research believes the market for software-defined storage technologies represents a long-term trend that will transform the way storage technologies are deployed while also reducing the cost to IT organizations. Software defined storage will also enable the continuing scaling of data storage required by today's environment.

Scope of Report
This report will cover software-defined storage, which is defined as the combined software and hardware computer data storage product bundle where the software provides policy, provisioning and management of data storage no matter th underlying hardware type.




Within this scope, the report will size and forecast the software revenue and hardware revenue for both data storage and network storage. For data storage, the software and hardware revenue will be reported separately, for network storage it will be combined. The report will also size and forecast the professional services part of the bundled solution as a separate line item.

Specific segments within this scope are as follows:


Technology segments:
• Software-defined storage hardware.
• Software-defined storage software.
• Software-defined storage networks.
• Software-defined storage services.

The report will also segment the software-defined storage revenue by end use in terms of:
• Enterprises.
• Mid-size firms.
• Small businesses.

The industry sector software-defined storage applications revenue covered will be:
• Consumer products.
• Energy.
• Financial services.
• Government.
• Industrial.
• Materials.
• Retail.
• Telecommunications.
• Transportation.
• Utilities.

Regions covered will be: North America, Latin America, Europe, MEA and APAC.

Information Sources
The primary information sources include manufacturers and suppliers of software-defined storage technology, research organizations, governmental agencies, and trade associations. Additional secondary research of sources, such as databases, trade literature, specialized journals and government statistics, were researched while compiling this report.

Methodology
A top down and bottom up methodology was used. The top down aspect was used to size and forecast the overall software-defined storage market through secondary research and initial interviews with industry participants.

The bottom up aspect encompassed collecting and aggregating the market spending by key user segments and the revenue and future growth expectations of the major suppliers. These methods will be combined to triangulate and validate the market size and forecast data.

Geographic Breakdown

In this report, the geographic regions considered for market analysis include, and only include:
• North America.
• Latin America.
• Europe.
• Middle East and Africa.
• Asia-Pacific.
• Rest of World.

Software-defined Storage, by Technology
Hardware
Software
Network
Services

Software-defined Storage, by End Use
Enterprises
Mid-size firms
Small businesses

Software-defined Storage, by Application
Consumer Products
Energy
Financial Services
Government
Industrial
Materials
Retail
Telecommunications
Transportation
Utilities

Chapter 2: Summary and Highlights
Software defined storage is often used as a marketing term to categorize next-generation forms of storage from suppliers. Used in this manner, software-defined storage could be simply creating a computer program that manages storage resources independent of the physical hardware. This definition is not specific enough to truly understand the difference between software-defined storage and programs that simply manage storage infrastructure.

All storage products require software to manage them. In order to understand software-defined storage, additional criteria are needed.

Defined from the user perspective, software-defined storage means flexibility and application-specific performance. In the software-defined storage model, users provision virtual machines and applications on an as-needed basis. All storage resources are provisioned on demand, specifically for a particular application or network.

Read the full report: https://www.reportlinker.com/p05336817

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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