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 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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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-software-defined-storage-market-to-grow-3162-by-2020---rise-of-openstack-a-key-growth-driver---research-and-markets-300314238.html
SOURCE Research and Markets