LONDON — (BUSINESS WIRE) — February 19, 2015 — TechNavio, a tech-focused research firm, has published a list of the Top 12 Companies in the Global Software Defined Storage (SDS) Market.
SDS is storage virtualization that separates services such as data management, data protection and I/O capabilities from the underlying storage infrastructure. This helps increase the flexibility, scalability, and automation of enterprise storage infrastructure.
“SDS helps reduce overall storage costs for enterprises,” says Faisal Ghaus, Vice President of TechNavio.
“The technology enhances resource pooling, abstraction and automated management in storage infrastructure, and offers support for legacy applications, cloud-based services, and big data analytics.”
The Global SDS Market was valued at just over US$1.5 billion in 2014, and this number is expected to swell to more than US$6.8 billion by 2019, growing at a CAGR of 35.20 percent.
Key vendors in the market, including VMware, DataCore and Hitachi Data Systems, are working to offer storage systems that combine SSDs, HDDs and flash-based caches, as SDS-enabled flash-based storage is expected to gain popularity with enterprises through the projected period.
“SDS-enabled flash-based storage is expected to gain increased market traction during the forecast period because it uses enhanced optimization strategies, and provides new options for data center design, virtualization of big data workloads, and high performance and scalability,” says Ghaus.
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About TechNavio
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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