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Software Defined Storage Market

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Software Defined Storage Market
Software Defined Storage Market is anticipated to display Lucrative Growth
Opportunities for Participants in the Near Future
The global software defined storage market is anticipated to display lucrative growth
opportunities for participants in the near future, states Transparency Market Research
(TMR) in a new report. Entry of new players with deep pockets is likely to lead to
vast hierachical changes in the software defined storage market. This, along with
advanced technological capabilities is likely to lead to strategic collaborations and
partnerships. In this scenario, leading companies are likely to enter into tie-ups with
these new players to boost their technological competencies. This, however, may act
as a barrier for new players to establish a presence in the global software defined
storage market.
Some key players in the global software defined storage market are VMWare Inc.,
Oracle Corporation, NetApp Inc., International Business Machines Corporation, Dell
EMC, Microsoft Corporation, and Hewlett-Packard Enterprise.
Get PDF Brochure for Detailed Analysis of this Research @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20039
According to the TMR report, the global software defined storage market is expected
to be worth US$48.18 bn by 2025-end, expanding at a stellar 29.2% CAGR between
2017 and 2025. The global software defined storage market stood at a valuation of
US$4.86 bn in 2016.
By end user, the BFSI industry segment is likely to hold the leading share of the
market over the forecast period. This is mainly because of rising awareness to adopt
dependable back-up data storage programs. By geography, North America rakes in
the lion’s share in the software defined storage market. The growth of this region is
mainly because of high-awareness among individuals for market-based services.
Download Report TOC for in-depth analysis @
https://www.transparencymarketresearch.com/report-toc/20039
Mammoth Volume Data Generation for everyday Functioning pushes Demand for
Software Defined Storage
According to the analysis of our experts, a slew of benefits pertaining to data security
and minimum chance of data breach, as compared to other storage methods, is
primarily driving the software defined storage market. Software defined storage
display benefits of energy saving, less cost of construction of data centers, and
operational ease. Massive volume of data generated on a daily basis from industrial,
commercial, and residential consumers necessitates reliable data storage system to
prevent loss of critical data. With consistent improvements in software applications
with respect to use and ease of learning, along with evolution of computers with
high operational speeds, the software defined storage is indirectly benefitted.
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monaliraghu
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