Software Defined Storage (SDS) enables users and organizations to uncouple or abstract storage resources from the underlying hardware platform for greater flexibility, efficiency and faster scalability by making storage resources programmable. Instead of having to purchase separate hardware for every storage use case, Software Defined Storage enables an organization to share physical storage with others through a storage provider, or to share storage among its own uses and functions within the organization itself. This approach enables more efficient use of storage resources and enables storage resources to be an integral part of a larger software-designed data center (SDDC) architecture.
The chart above shows that the Software Defined Storage market size was estimated to be $9.1B in 2019 and is forecast to grow 30% on average per year until 2021. For more information such as this Software Defined Storage Market Size chart, SDS statistics and other pertinent SDS growth trends, you can visit T4's Platform here.
The Software Defined Storage market is made up of the object, file, block, and Hyperconverged data storage product segments. This chart shows an alternate estimate of the Software Defined Storage Market Size. The Software Defined Storage market projected in the chart above, includes only the infrastructure side investments and does not take into account revenues generated by services. The highest growth in the Software Defined Storage Market size is expected to be from Hyperconverged storage systems, which has grown at a robust 42% rate to $600M in 2019. To understand how these categories will evolve in the next few years, please visit T4's Market Research Platform here for more market data and research reports.
Organizations that need to scale with the huge surge in data growth are turning to SDS. The strong growth in next-generation workloads like Big Data and Analytics, Artificial Intelligence, Machine Learning, and the Internet of Things will help drive strong revenue growth in the software-defined storage market. SDS is gaining traction because it meets the demands of the next-generation data center and more data centric organizations much better than legacy storage infrastructure. The growth of Hyperconverged infrastructure will continue to buoy related sales of Software Defined Storage equipment.
Market research firms have defined the Software Defined Market in very different ways resulting in high disagreement on market size and growth. This has made estimates for the Software Defined Storage market segment vary across research firms. However, there is a consensus that SDS hosted on Hyperconverged storage systems will lead the market growth. For further research, T4 recommends exploring and evaluating all available sources. T4 has aggregated and organized the data from these sources on the T4 Industry Research Platform. See each source’s view of the Software Defined Storage Market Size, Software Defined Storage Market Share and product segment trends on the T4 Platform.
T4 comprehensively aggregated more than 60 reports from more than 20 publishers covering statistics and trends in the Software Defined Storage Industry. This includes the Software Defined Storage Market Size, Sales of SDS by product category, deployment type, vendor, region, and end-user verticals, Vendor analysis, and more than 10 additional statistics. The Industry falls under T4's Storage industry coverage. Industries related to Software Defined Storage in the T4 taxonomy include Storage, Hard Drives, Solid State Drives, Software Defined Compute, Cloud Computing, Open Source Storage, Storage Software, and Storage Infrastructure Software. Related subcategories of the SDS industry include File Based SDS, Object Based SDS, Block Based SDS, and the Software Defined Storage Controllers. You can find reports covering these industries on T4’s Platform.
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