Title: Software Defined Storage Market Forecast to Reach $40.7 Billion by 2026
1Software-defined Storage Market - Forecast 2021 -
2026Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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- The Software defined Storage Market is forecast
to reach 40.7 billion by 2026, advancing at CAGR
of 25.7 during 2021-2026. - The rapid growth of unstructured data volumes
along with capabilities like ease of management
and increased security act as major drivers
boosting the growth of software defined storage
market.
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- Key Takeaways
- BFSI sector is analyzed to account as the fastest
growing segment in the global Software defined
Storage Market during 2021-2026, due to rising
rate of cybercrimes, need for faster data access
and others. - North America had accounted for the largest share
in the global Software defined Storage Market in
2020, owing to adoption of cloud services, high
RD investments from market players and others.
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By Distribution Channel- Segment Analysis Data
Backup and Disaster Recovery segment is set to
grow with the highest CAGR of around 9.3 during
2021-2026. With high costs and requirement of
administrative efforts, data backup using
traditional storage methods have become outdated,
thus gaining wider adoption for software defined
storage solutions. Traditional storage involves
the need for a range of data protection solutions
including physical server backup tools,
virtualization backup tools, cloud backup tools,
and others contributing to a complex as well as
expensive environment.
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- Software-defined Storage Market Industry Outlook
- IBM Corporation
- NetApp Inc.
- VMware Inc.
- Fujitsu Limited
- Dell EMC Corporation
- Huawei Technologies Co
- Citrix Systems
- HPE(Hewlett Packard Enterprise)
- Scality
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Software-defined Storage Market - Forecast 2021
- 2026 Learn More About the Report _at_
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ned-Storage-Market-Research-500605
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- Analyst Briefing
- Data Tables
- Key Contacts
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