Big data technology adoption plays a critical role in the growth of the Software Defined Storage Market

Software-Defined Storage Market is a marketing name for computer data storage software that defines policy-based data storage provisioning and administration. The process is independent of the underlying hardware and uses storage virtualization to separate the storage hardware from the software that manages it. Policy management for features such as data deduplication, replication, thin provisioning, snapshots, and backup may also be provided by a Software Defined Storage Market environment. Software-defined storage can be deployed as appliances over a traditional Storage Area Network (SAN), as Network-Attached Storage (NAS), or as object-based storage. SDS provides advantages such as higher system performance, web facilitation, and lower maintenance costs, which has raised the demand for SDS. Furthermore, the expansion of the data pool is a crucial component leading to the growth.

In 2016, the solution category dominated the worldwide software-defined storage market.

The Software-Defined Storage Market is divided into solutions and services based on components. The solution segment dominated the market, and it is expected to continue to do so during the projection period. The market's growth would be aided by increased usage of data security. For securing essential information connected to corporate operations, most businesses must follow compliance requirements and procedures for exchanging and storing data. The demand for supported solutions has increased as security and compliance solutions have been integrated into existing software-defined storage solutions.

The market's growth would be aided by the increased adoption of big data-based technology.

The growing demand for big data analysis is driving the Software-Defined Storage Market forward. Software-defined storage solutions have grown in popularity because of their high flexibility and cost savings. The demand for software-defined storage solutions to better handle big data has increased as unstructured data from social network chats, email, wireless devices, media-rich material, and other sources has grown.

Companies to Watch in the Global Software-Defined Storage Market

Dell, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Citrix Systems Inc., Netapp, Inc., Seagate Technology, Vmware Inc., and Western Digital Corporation are some of the major players in the global software defined storage market.