WW Software-Defined Storage to Grow from $1.4 Billion in 2014 to $6.2 Billion by 2019 - Research and Markets

Research and Markets announced the addition of the Software Defined Storage (SDS) Market by Component, & by Company Size – Global Forecast to 2019 (€4,886) report to their offering.

The total software-defined storage market is expected to grow from $1,409.7 million in 2014 to $6,217.6 million by 2019, at an CAGR of 34.6% from 2014 to 2019.

The rising need for storage virtualization software and the incessantly increasing data traffic has posed as a threat to enterprises and infrastructure providers alike. The increased cost overheads and complexities in the networking environment have given way to the adoption in the software-defined storage market, thereby aiding companies in cutting down their operational and capital expenditure.

Typically, the infrastructure cost of data centers rises while scaling up from their existing architectures. This often leads to several complexities and interoperability issues between different components, thereby increasing demand for seamless software-defined storage. It comprises storage hypervisors, storage virtualization software, control planes, and data services, wherein all the four components of storage software are empowered by specialized controllers, which abstract the controlling plane from the underlying physical equipment.

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