[August 12, 2016]

Effective Management of Unstructured Data to Create Opportunities for the Global Software Defined Storage Market Until 2020, Reports Technavio

Technavio analysts forecast the global software defined storage (SDS) market to grow at a CAGR of almost 32% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global software defined storage market for 2016-2020. To calculate the market size, Technavio analysts consider the revenue generated from the implementation of software-defined storage solutions among enterprises worldwide.

Virtualization of technology

As virtualization of technology is becoming common, it is significantly modifying the use of IT infrastructure, which is leading to every function becoming software-defined. As the IT industry witnesses a paradigm shift in consumption and delivery of solutions to end-users, storage becomes a strategic priority for the IT leadership. Data explosion in every industry vertical and the digital transformation across the world are also raising concerns over information storage functions. Experts in the information technology domain note that the increasing costs associated with storage solutions will drive the market for new technology adoption; this may make for more efficient and manageable storage technologies.

Technavio ICT analysts highlight the following four factors that are contributing to the growth of the global software defined storage market:

• Effective management of unstructured data
• Cost reduction and efficiency
• Growing demand for virtualization
• Need for IT process automation

Effective management of unstructured data

Technology end-users need to adopt effective storage systems to change unstructured data into structured data. A recent innovation in storage management, such as Resistive Random Access Memory revolutions and software-defined technology may mark the beginning of the transformation happening in the IT industry for database management systems. Enterprises need to invest in innovative storage solutions to manage the massive amounts of unstructured data generated from third-party platform technologies, which include social networking, cloud, big data, and analytics.

Amit Sharma, lead IT professional services analyst at Technavio, says, "Analytics solutions, when integrated with SDS solution for big data management, reduce costs, and boost business agility. The integration of big data with network file systems, a containerized approach, and rapid provisioning for analytics applications, streamlines the management of unstructured data for business intelligence."

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.

"Growing need for advanced technologies, such as big data and IoT, require innovative IT solutions that can manage large sets of data and optimize connectivity to manage data center workloads. Software-defined solutions are different from traditional data centers and networking structures. These can automate data centers through software and network programmability, which reduces the maintenance cost of hardware," adds Amit.

Growing demand for virtualization

High demand for virtualization of IT solutions (such as data centers and network virtualizations) is boosting the market growth. With virtualization, multiple operating systems can be operated on a single physical system that can be shared with the primary hardware resource. Virtualization can be implemented across any level of system layers, such as hardware and OS virtualization.

Enterprises can use virtualization technologies to improve the efficiency and agility of their networking and storage resources. Network function virtualization (NFV) technology offers greater flexibility to firms. This technology is offered by software-defined compute and storage solutions. The NFV technology decouples the forwarding plane, such as intrusion detection, domain name system, network address translation, and firewalls, from the hardware and shifts control to software.

Need for IT process automation

SDS solutions for industrial automation are set to rise with technology expanding its base in the manufacturing sector. Programmable networking infrastructure in industrial automation (with the help of software-defined technology) can transform entire networking infrastructure. This helps manufacturing firms to streamline their industrial network infrastructure on the factory floor. Manufacturing firms can directly reap benefits by reducing network maintenance costs and lowering network costs.

Top vendor offerings:

Source (News - Alert): Technavio

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Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

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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View source version on businesswire.com: http://www.businesswire.com/news/home/20160812005134/en/

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