USD 16.25 billion
Software Defined Storage SDS Market Size, Share, Growth Analysis, By Type(block, file, object, or hyperconverged. SDS server), By End user(banking, finance, and insurance.), By Software(SDS server, Data security and compliance software, SDS controller software, Data management), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45I2063 |
Region:
Global |
Published Date: July, 2024
Pages:
197
|Tables:
93
|Figures:
76
Software Defined Storage SDS Market Insights
Software Defined Storage SDS Market size was valued at USD 20.44 Billion in 2023 and is poised to grow from USD 25.71 Billion in 2024 to USD 161.31 Billion by 2032, growing at a CAGR of 25.80% during the forecast period (2025-2032).
SDS stands for simple defined storage. The demand for software-defined storage solutions is expected to skyrocket due to advantages such as data storage management on cloud-based platforms. The global demand for SDS solutions is being driven by the need to control rising data centre storage and infrastructure development costs. The ever-increasing rate of data generation contributes to the demand for effective data storage management solutions. Enterprises around the world are emphasising the adoption of software-defined networks and storage systems to provide businesses with robustness and agility.
Software-defined storage is especially popular among telecommunications providers because it reduces network congestion, allows for greater flexibility in network infrastructure, and saves time and money. Software-defined Storage (SDS) is a new technology that is gaining traction in the enterprise storage market. SDS may separate storage software from hardware, lowering storage costs in terms of capital and operating expenses. As a result, enterprises are gradually shifting toward software-defined storage.
US Software Defined Storage SDS Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Block
Fastest Growth
File
Growth Rate
25.80% CAGR
Global Software Defined Storage SDS Market ($Bn)
Country Share for North America Region- 2021 (%)
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Software Defined Storage SDS Market Segmental Analysis
The market for software defined SDS is divided into three categories: end user, software, and type. Type is classified as block, file, object, or hyperconverged. SDS server, Data security and compliance software, SDS controller software, Data management, and Storage hypervisor are the software categories. It is divided into three sectors based on end users: banking, finance, and insurance. Region is classified into North America, Europe, Asia pacific, Middle East and Africa, Latin America.
Software Defined Storage SDS Market Analysis by Type
The global SDS market is classified into four types: block, file, object, and hyperconverged. Over the forecast period, hyperconverged is expected to grow at the fastest rate. One of the most important software defined storage market trends is the increasing use of hyper-converged technology. To maximise resource utilisation, hyperconverged infrastructure virtualizes storage, compute, and networking systems. The reduced power consumption and space optimization provided by hyper converged infrastructure will also aid in increasing data centre agility, speed, and efficiency.
Software Defined Storage SDS Market Analysis by End User
On the basis of end users, it is divided into banking, financial and insurance sectors. The global Software Defined Storage Market is expected to develop at a CAGR of approximately 11.5%, with the biggest growth expected in the Banking, Financial Services & Insurance (BFSI) sector. The need for software defined storage (SDN) has been steadily increasing as a result of the increasing need for dependable storage solutions with high security and high availability storage capabilities to scale up for supporting demanding application areas across banking and financial sectors.
Global Software Defined Storage SDS Market by Type
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Software Defined Storage SDS Market Regional Insights
North American region is expected to dominate the Software Defined Storage Market. North America is expected to have the largest market share. This is due to a variety of factors, including increased cloud adoption, a shift toward advanced IT infrastructures, and others. Rapid industrialization, increasing cloud-based infrastructure usage, and R&D investments from leading market vendors such as NetApp Inc., IBM Corporation, VMware Inc., and others are some of the major drivers propelling market growth in this region. North America is the fastest-growing market and is expected to be the largest by the end of the estimated period due to increased demand for smart safety devices and the presence of major players in this region such as NetApp and Dell.
Along with the upcoming market of North America, the market growth of Europe and Asia Pacific countries as the second- and third-largest markets for a variety of Software-Defined Storage market solutions. Different countries, such as the United Kingdom, Spain, and France, are also driving the adoption of cutting-edge technology. With the increased adoption of digital business strategies, major organisations in North America are moving toward the most recent upgraded major technologies. During the forecast period, Asia Pacific is expected to have the highest CAGR in the global Software Defined Storage Market.
Global Software Defined Storage SDS Market by Region
- Largest
- Fastest
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Software Defined Storage SDS Market Dynamics
Software Defined Storage SDS Market Drivers
Demand for Data Management to Bolster Demand for SDS
- BFSI's growing need for better data management contributes a sizable share of the software-defined storage market. The BFSI sector is expected to grow the fastest during the forecast period, owing to increased demand for customer data analysis to gain a competitive advantage and accelerate the sector's ongoing digital transformation.
- With the rise of the digital economy, data has become an essential component of the banking industry. From front-to-back-office operations, software-defined infrastructure and storage solutions enable global banks to quickly access, analyse, and share on-premises data in the cloud. Approximately 85% of deposits at Bank of America are made through banking apps, ATMs, and automated channels.
Software Defined Storage SDS Market Restraints
Lack of Awareness to Hinder Market Growth
- There is always concern in the global platform about the growth of the Software Defined Storage Market. As a result, technology products are constantly evolving and attempting to mitigate their disadvantages. Companies are focusing on an untapped market due to a lack of industry awareness about market governance. As a result, many businesses are advised to monitor their operations continuously in order to reduce risks and improve standard manufacturing features.
- Due to considerations including interoperability problems, the industry's growth is anticipated to be hindered. Due to worries about reliability and security, the growth is further constrained. The cloud infrastructure's software-defined systems are susceptible to hacking attempts, which has a negative effect on the sector and, as a result, reduces growth prospects.
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Software Defined Storage SDS Market Competitive Landscape
Major players in the software-defined storage market include IBM Corporation, Oracle Corporation, NetApp Inc., and others. The market's key players are constantly innovating new products and increasing activities such as mergers and acquisitions and capacity expansion, which increases competition.
Software Defined Storage SDS Market Top Player's Company Profiles
- Dell EMC
- Hewlett-Packard Enterprise
- IBM Corporation
- VMware, Inc.
- Cisco Systems, Inc.
- NetApp, Inc.
- Red Hat, Inc.
- Fujitsu Limited
- Western Digital Corporation
- Seagate Technology PLC
- Hitachi, Ltd.
- DataCore Software Corporation
- Nexenta Systems, Inc.
- Scality, Inc.
- SwiftStack, Inc.
- Ceph
- Quobyte, Inc.
- Nutanix, Inc.
- SUSE LLC
- Maxta, Inc.
Software Defined Storage SDS Market Recent Developments
- In April 2024, Gridstore™, a prominent provider of software-defined storage (SDS) designed for Windows Servers and Hyper-V, known for enhancing application I/O performance, declared that BrightPlanIT, a privately held corporation based in New York State, specializing in delivering top-tier IT practices to upper-Mid Market and Enterprise clients globally, has become part of its acclaimed Accelerate™ Partner Program. The inclusion of BrightPlanIT represents a significant addition to Gridstore's growing channel network in North America, particularly in terms of Microsoft partnerships.
- In November 2023, DDN, a prominent figure in HPC data storage, unveiled its latest offering: a software-defined storage platform named Infinia. DDN stated that Infinia draws upon its two decades of engineering expertise in file systems, data orchestration, and AI-based optimization. This platform is designed to meet the demands of accelerated computing and generative AI in the modern era.
- In October 2023, Hitachi Vantara announced the consolidation of its product portfolio into a unified hybrid storage platform known as Virtual Storage Platform One. This platform encompasses a range of offerings, including the VSP (Virtual Storage Platform) high-end and mid-range block arrays, HNAS file storage, VSS (software-defined storage), and the HCP (Hitachi Content Platform) for object data.
Software Defined Storage SDS Key Market Trends
- BFSI's growing need for better data management contributes a sizable share of the software-defined storage market. The BFSI sector is expected to grow the fastest during the forecast period, owing to increased demand for customer data analysis to gain a competitive advantage and accelerate the sector's ongoing digital transformation.
- The growing volume of unstructured data across various enterprises increases the demand for a scalable, reliable, and secure storage architecture. Furthermore, as IoT spreads around the world, the amount of data generated at the edge is rapidly increasing.
Software Defined Storage SDS Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the software-defined storage (SDS) market and around the world claim a CAGR of 25.7% over the estimated. This is why the demand for this concept has increased because businesses are becoming more aware and advanced. Asian and North American countries are focusing on increasing production to meet targets and effectively deal with innovative technologies. Due to its advantages over traditional storage systems in terms of functionality and cost effectiveness, the SDS industry may have room to develop in the years to come.
Some of the key market-driving drivers are the demand for cost efficiency in data management, exponential expansion in the volume of data across companies, and the rise of the "software defined" approach. The global SDS market is being driven primarily by the increasing adoption of SDS by enterprises or IT organisations undergoing digital transformation for their data storage needs, owing to the benefits that this technology provides over traditional storage methods. Furthermore, organisations that need to accommodate the massive surge in data growth at an affordable cost are turning to SDS.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 20.44 Billion |
| Market size value in 2032 | USD 161.31 Billion |
| Growth Rate | 25.80% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Software Defined Storage SDS Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Software Defined Storage SDS Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Software Defined Storage SDS Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Software Defined Storage SDS Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Software Defined Storage SDS Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Software Defined Storage SDS Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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