Global Software Defined Storage Market to Grow 31.62% by 2020 - Rise of OpenStack a Key Growth Driver - Research and Markets

DUBLIN, August 16, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Software Defined Storage Market 2016-2020" report to their offering.

The report forecasts the global software defined storage (SDS) market to grow at a CAGR of 31.62% during the period 2016-2020.

Rise of OpenStack will be a key trend for market growth. OpenStack open source cloud computing platforms, deployed in the form of Infrastructure as a Service (IaaS), help organizations manage their data storage workloads in data centers. These are designed to control a large pool of storage, compute, and networking resources in data centers through OpenStack APIs. Networking resources are managed through a dashboard that gives administrators control while empowering their users to provision resources through a web interface.

According to the report, one of the key drivers for market growth will be cost reduction and efficiency. Software-defined technology is poised to disrupt the traditional enterprise IT infrastructure model. Companies are under immense pressure to replace legacy IT infrastructure with innovative models that can cut costs significantly. Software-defined storage provides a lean business model and minimizes costs by automating process controls and replacing traditional hardware with software.

Further, the report states that risk of one of the major challenges for the market will be data privacy and security breach. Most companies are facing difficulties in protecting the data stored in software-defined storage systems. Cyber intrusions also disrupt businesses through the loss of confidential data. One such type of online malfeasance is denial-of-service attacks that cause servers and websites to malfunction. Such intrusions directly take control over servers and websites and can manipulate entire databases which might contain sensitive information.

Key vendors:

• EMC
• HP
• IBM
• VMware

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/s4rx9b/global_software

Related Topics: Software

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