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(IT-NEWSWIRE.COM, January 23, 2018 ) According to Publisher, 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.
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 significantly 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.
For more information http://www.reportsweb.com/software-defined-storage-global-market-outlook-2017-2023
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 Inc. and Western Digital Corporation.
Applications Covered:
-Banking, Financial Services, & Insurance (BFSI)
-Education
-Government
-Healthcare
-Logistics and Warehouse
-Manufacturing
-Media and Entertainment
-Telecom & IT
-Other Applications
Usages Covered:
-Data-Backup and Disaster-Recovery
-Storage Provisioning and High Availability
-Surveillance
-Other Usages
Request Sample Copy http://www.reportsweb.com/inquiry&RW00011033038/sample
Components Covered:
-Platforms/Solutions
-Data Management
-Data Security and Compliance Software
-Software-Defined Storage Controller Software
-Software-Defined Storage Server
-Storage Hypervisor
-Services
-Deployment and Testing
-Security
-Support and Maintenance
-Training and Consulting
-Other Services
Organization Sizes Covered:
-Small and Medium Enterprises (SMES)
-Large Enterprises
Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-UK
-Italy
-France
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-South Korea
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa
Buy Now: http://www.reportsweb.com/buy&RW00011033038/buy/4150
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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