Software-Defined Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Software-Defined Storage Market is Segmented by Type (Block, File, Object, and Hyper-Converged Infrastructure), Size of Enterprise (Small and Medium Enterprise and Large Enterprise), End-User Industry (BFSI, Telecom and IT, Government, and Other End-User Industries), and Geography. The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Software-Defined Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Software-Defined Storage Industry Overview

The software-defined storage market is fragmented, with major players like IBM Corporation, Oracle Corporation, and NetApp Inc. The key players in the market are continuously innovating new products and rising activities such as mergers and acquisitions and capacity expansion, further increasing the competition.

November 2023: DDN, a provider of multi-cloud data management solutions, has announced DDN Infinia, a next-generation software-defined storage platform. This platform leverages data orchestration and AI-based optimization to accelerate computing and generative AI. DDN Infinia combines multi-tenancy, containerization, and the highest levels of speed and efficiency with ease of management and powerful security attributes. The solution simplifies workflows for the data management demands.

September 2023: TD Securities, a Canadian investment bank that focuses on wholesale banking such as currency conversion and large trades, introduced its TD Securities' block storage setup made up of several storage pockets, making it hard to maintain. General infrastructure specialists managed storage at TD Securities. TD Securities has thus selected to move forward with a software-defined storage system, Dell PowerMax.

Software-Defined Storage Market Leaders

  1. IBM Corporation

  2. Oracle Corporation

  3. NetApp Inc.

  4. Huawei Technologies Co. Ltd

  5. Fujitsu Limited

  6. *Disclaimer: Major Players sorted in no particular order
Software-Defined Storage Market Concentration