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Explore the global Storage Area Network (SAN) Hardware Market (2024-2030): Size, forecast, trends, regional insights, and vendor analysis covering Fibre Channel, NVMe-oF, and software-defined SAN solutions.
The global SAN Hardware Market is set to surpass US$16.6 billion by 2030, driven by NVMe adoption, hyperscale disaggregation, and compliance-led enterprise upgrades.
Explore the global Software-Defined Storage (SDS) market forecast through 2030, uncovering key trends in hybrid cloud, object storage, and data protection. The report covers service types, deployments, industries, and regional growth, with insights from 30+ leading vendors.
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Software Defined Storage: Enabling Agile and Cost-Effective Data Management
With evolving technology trends, data volumes are growing exponentially across organizations. Traditional storage solutions are finding it difficult to efficiently scale and meet these growing requirements. This presents an opportunity for Software Defined Storage (SDS) which decouples storage software from hardware to enable simplified, automated and scalable management of data. Software Defined Storage refers to the separation of storage software from the physical hardware that stores data i.e. the controllers, disks and other components. This separates the storage software and its management functionally from the underlying hardware infrastructure. The storage software controlling the hardware forms the “brain” of the SDS architecture. It allows for centralized management and provisioning of storage infrastructure as per requirements through simple software interfaces and tools. Software Defined Storage - https://www.patreon.com/posts/future-is-here-127347035
How Software Storage Solutions Can Reduce Enterprise Costs?
Enterprises nowadays are constantly faced with a challenge of rapid explosion of data from all the macro trends such as; social media, mobile, Internet of Things (IoT) and big data. Many organizations are faced with snowballing technology requirements and are declining IT budgets that means doing more with less.
However, they are focusing on the wrong aspect and are reducing costs and budget incorrectly. What these organizations need is a storage solution that itself is cost-efficient enough so that there are no unnecessary budget cuts on the more important things. Such a solution is known to be software storage solutions.
Software Storage Solutions Can Change Everything
When it comes to reducing costs or budgets, storage is often the highest single line item that is drastically reduced. Enterprises believe that they don’t need much storage now and that storage is just storage, it won’t perform any other function other than storing data, whereas this is not the case
With software storage solutions such as, software-based SAN, enterprises can save their storage costs and, at the same time, do a lot more with their storage than to just use it for storing data.
This is because good software storage solutions from reliable vendors like StoneFly, offer so much more than just data storage. They are easily more scalable, flexible, highly available and cost-effective than traditional storage solutions.
One of the best things about software storage solutions is that these solutions can be deployed in conjunction with industry standard hardware, which avoids any possible vendor lock-in. This gives organizations the freedom to choose their hardware, from anywhere they like, ensuring that they always get the right hardware for their requirements, with the right price, of course. Democratizing the infrastructure in this way will deliver cost savings by 60%.
What Makes Software Storage Solutions So Cost-Effective?
One of the factors that make software storage solutions so cost-effective is scalability. As mentioned before, software storage solutions are really easy to scale and are highly scalable as well.
There is no need to spend enterprise money on getting another storage solution for more storage or performance. Enterprises can add more storage or performance when needed in the same software storage solution with ease by simply scaling up or scaling out (by adding expansion units and storage nodes respectively), to add more storage space or performance, and while also staying in the same namespace.
Other than this, there are no high initial startup charges and with good reliable vendors like StoneFly, there are also no hidden costs either. Enterprises only have to pay for the services they need, not for everything else. This way, they can save costs and can always get more services if they need in the future. This makes software storage solutions very cost efficient.
Conclusion
Software storage solutions are really helpful for the enterprise as they help in reducing the costs and offer many other benefits as well like scalability, high availability, flexibility and are highly reliable as well. All these attributes and more make software storage solutions an excellent choice for enterprise looking to do more with their data and to save costs.
Software Defined Storage (SDS) Market Worth $17,461.9 Million By 2024
The software defined storage (SDS) market size is expected to reach USD 17,461.9 million by 2024, according to a new study conducted by Grand View Research, Inc.
The emergence of the Big Data technology is anticipated to impel growth in the global software defined storage market. Technological propagation, coupled with benefits such as high flexibility and cloud storage, is instrumental in keeping the industry prospects upbeat. The technology facilitates the efficient management and control of complex networks through proficient resource data traffic management.
The advancements in the cloud technology, its availability, and wider access to cloud-based platforms are favorably impacting the industry. Various enterprises across the globe are experiencing the need for minimizing infrastructure development and data storage center costs which are significantly contributing toward the expansion of the industry.
Enterprises across diverse verticals are generating excessive data, creating the need for effective data storage management solutions. SDS solutions offer high agility and robustness to businesses along with cost and time efficiency.
The industry is projected witness significant growth in the developing markets of South America and the Asia Pacific regions, owing to the strong growth of the small-scale industries. The need for improving the efficiency and business processes in data centers is driving the demand for SDS solutions in small and medium-sized enterprises.
To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/software-defined-storage-sds-market
Further key findings from the study suggest:
The BFSI segment dominated the global software defined storage industry, accounting for over 17% of the market share in 2015. The large-scale data generation in the banking and financial institutions and the need for incessant data availability are leading to the large-scale adoption of SDS solutions in the BFSI sector.
The North American regional market accounted for over 40% of the global revenue share in 2015. The strong presence of software defined storage solution vendors in the region is expected to contribute to the industry growth in the region. Asia Pacific is expected to emerge as the fastest-growing regional market. The rise of small-scale industries in the developing markets of India and China is driving the regional growth.
Small and medium-sized enterprises accounted for over 30% of the global revenue share in 2015. The growth of Small and Medium-Sized Business (SMB) units across the globe, owing to the favorable government initiatives, is substantially driving the demand for SDS solutions among the small and medium-sized enterprises.
The major vendors include Brain Corporation (U.S.), Hewlett-Packard (U.S.), HRL Laboratories, LLC (U.S.), Intel Corporation (U.S.), Numenta, Inc. (U.S.), and Vicarious FPC, Inc. (U.S.). Industry vendors are emphasizing on new product developments and forming technology alliances to gain a competitive edge in the industry.
See More Reports of This Category: https://www.grandviewresearch.com/industry/network-security-software-and-services
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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