Software-Defined Storage Market Research Report Information By Components (Platforms and Services), Application (Telecom and ITES, Logistics and Warehouse, Healthcare, Media and Others), organization size (large enterprises and small and medium enterprises), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

Software Defined Storage Market Summary

As per Market Research Future Analysis, the Global Software-Defined Storage Market was valued at USD 24.57 Billion in 2023 and is projected to reach USD 65.91 Billion by 2035, growing at a CAGR of 6.7% from 2025 to 2035. The market is driven by the increasing adoption of hyper-converged technology, which enhances resource utilization and reduces dependency on multiple systems. The services segment dominated the market in 2021, while the healthcare sector held the largest application share, necessitating secure storage solutions for sensitive data. The Asia-Pacific region is expected to exhibit the highest growth rate due to a burgeoning IT industry and the adoption of cloud computing.

Key Market Trends & Highlights

The Software-Defined Storage market is witnessing significant growth driven by technological advancements and increasing demand for efficient storage solutions.

• Market Size in 2023: USD 24.57 Billion; projected to reach USD 65.91 Billion by 2035.
• CAGR during 2025-2035: 6.7%; driven by hyper-converged technology adoption.
• Healthcare segment held the largest application share in 2023; requires secure storage for sensitive data.
• Asia-Pacific region expected to show the highest growth rate due to rapid IT industry expansion.

Market Size & Forecast

2023 Market Size: USD 24.57 Billion

2024 Market Size: USD 26.5 Billion

2035 Market Size: USD 65.91 Billion

CAGR (2025-2035): 6.7%

Largest Regional Market Share in 2021: North America.

Major Players

Infinidat, Hewlett Packard Enterprise, Oracle, Microsoft, IBM, Dell, Red Hat, DataCore, Maxta, Western Digital, Cisco, VMware, Cloudian, NetApp, Pure Storage

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Software-Defined Storage Market Trends

• Growing adoption of technology to boost market growth

Software-defined storage is a multipurpose and powerful platform that is emerging and attaining widespread acceptance. The lots of benefits offered by the technology in the segment of storage administration are responsible for the across-the-board adoption of the technology. In easy terminology, SDS makes it a super easy, affordable, and quite efficient storage platform for all professionals and IT companies. The platform can be very well integrated to manage up with the extraordinary growth in storage requirements without adding any surplus burden to the cost and complexity. With SDS projected to grow as a prominent technology over the near future, IT companies are very much interested in investing in the beginning stage of education just to gain an in-depth understanding of the most prominent ways to expand SDS for their variety of workloads. With definite planning, it would not be very difficult to take total advantage of SDS and, as a result, harvest major operational and financial perks.

Software Defined Storage Market Size is booming like never before. It is a  marketplace. It is an integrated platform. There are plenty of small and medium enterprises (SMEs) associated with this. The Software Defined Storage Market is performing marvelously. Leading companies focusing on this field are doing mergers and acquisitions for focusing on relevant untapped markets and product innovation. For example, companies associate with many partners to innovate new products and their development. Prime companies are doing research and development activities to augment usability and develop new innovative products. Therefore, such factors related to Software-Defined Storage have enhanced the Software-Defined Storage market CAGR across the globe in recent years.

Software-Defined Storage Market Segment Insights

Software-Defined Storage Component Insights

The Software-Defined Storage market segmentation, based on components, includes Platforms and Services. The services segment held the majority share 2021 of the Software-Defined Storage market revenue. The services segment includes professional services and managed services that provide support and maintenance for software-defined storage solutions. The platform segment includes hardware and software components that are required for the deployment of software-defined storage solutions. The growth of the platform segment is driven by the increasing adoption of software-defined storage solutions by organizations of various sizes and across various industries. Overall, the growing demand for efficient and cost-effective storage solutions, coupled with the increasing adoption of cloud computing and virtualization, is driving the growth of the software-defined storage market.

Software-Defined Storage Application Insights

The Software-Defined Storage market segmentation, based on application, includes Telecom and ITES, Logistics and Warehouse, Healthcare, Media, and Others. The Healthcare segment held the majority share in 2021. The healthcare industry requires secure and efficient storage solutions for handling large amounts of sensitive patient data. Software-defined storage provides the necessary security, scalability, and cost-effectiveness for healthcare organizations. The media segment is also expected to see growth as the industry generates and requires large amounts of digital content, which requires efficient storage solutions.

Software-Defined Storage Organization Size Insights

Based on organization size, the Software-Defined Storage market segmentation includes large enterprises and small and medium enterprises. The large enterprise segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Large enterprises typically have larger budgets for IT infrastructure and are more likely to adopt advanced storage solutions such as software-defined storage. These organizations require storage solutions that can handle high volumes of data and meet stringent security requirements. On the other hand, small and medium enterprises are expected to see significant growth as they look for cost-effective and efficient storage solutions. These organizations are increasingly adopting software-defined storage solutions as they provide a scalable and flexible alternative to traditional storage solutions. Overall, the growth of both segments is driven by the increasing demand for efficient and cost-effective storage solutions across organizations of all sizes. these all factors for Software-Defined Storage positively impact the market growth.

Figure 2:  Software-Defined Storage Market, by Organization Size, 2021 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Software-Defined Storage Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region is expected to show the highest growth rate in the Software-Defined Storage market during the forecast period. The region has a rapidly growing IT industry and a large number of small and medium enterprises that are adopting software-defined storage solutions to increase efficiency and reduce costs. The increasing adoption of cloud computing and virtualization technologies, along with the growing need for efficient and secure storage solutions, is driving the growth of the software-defined storage market in the Asia Pacific region. In addition, the presence of several large multinational corporations and the growing demand for data center infrastructure is also contributing to the growth of the market in the region.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3:  SOFTWARE-DEFINED STORAGE MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Software-Defined Storage market accounts for the second-largest market share. This is due to the presence of a large number of mature economies in the region and a well-established IT industry. The European region has a high adoption rate of advanced technologies, including software-defined storage, and a large number of organizations are looking to adopt these solutions to increase efficiency and reduce costs. The region has a strong focus on data privacy and security, which is driving the demand for secure and reliable storage solutions. The increasing adoption of cloud computing and virtualization technologies is also contributing to the growth of the software-defined storage market in Europe. Further, the Germany Software-Defined Storage market held the largest market share, and the UK Software-Defined Storage market was the fastest-growing market in the European region.

North America is an upcoming spot as the fastest-growing marketplace and is projected to be the biggest market by the end of the estimated period due to the increased demand for smart safety devices and also because of the major players in this region. Different countries like U.K., Spain, and France are also driving the adoption of the latest technology. The major organizations in North America are growing towards the latest upgraded major technologies with the higher adoption of digital business strategies. Moreover, the U.S. Software-Defined Storage market held the largest market share, and the Canada Software-Defined Storage market was the fastest-growing market in the North American region.

Software-Defined Storage Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Software-Defined Storage market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Software-Defined Storage industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Software-Defined Storage. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Software-Defined Storage industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the  Software-Defined Storage industry to benefit customers and expand the market sector. The Software-Defined Storage market has recently given medicine some of the most important advantages. Major Software-Defined Storage market players, including Open Text Corp., Microsoft Corp., IBM Corp., Oracle Corp, Net App, Inc., Nvidia, VMWare, Inc., FalcoStor Software, Inc., StarWind Software, Inc, Juniper Networks and others, are attempting to increase market demand by funding R&D initiatives.

OpenText Corp is a Canadian multinational software corporation that provides enterprise information management (EIM) software. OpenText offers a range of products and services including content management, business process management, customer experience management, and analytics. The company's EIM software helps organizations manage, secure, and leverage their unstructured data, including document management, records management, and enterprise search. OpenText has a strong presence in various industries, including finance, healthcare, government, and legal.

Microsoft Corporation is an American multinational technology company that develops, licenses, and sells computer software, consumer electronics, and personal computers and services. Microsoft offers a wide range of products and services, including the Windows operating system, Office productivity suite, Surface computers, Xbox gaming console, and cloud computing services through its Azure platform. The company also offers a variety of enterprise software and services, such as servers and tools, Dynamics business solutions, and LinkedIn.

Key Companies in the Software-Defined Storage market include

• Open Text Corp.
• Microsoft Corp.
• IBM Corp.
• Oracle Corp
• Net App, Inc.
• Nvidia
• VMWare, Inc.
• FalcoStor Software, Inc.
• StarWind Software, Inc
• Juniper Networks among others

Software-Defined Storage Industry Developments

March 2022

Nvidia announced the acquisition of Excelero, a high-performance block storage provider whose core product.

Software-Defined Storage Market Segmentation

Software-Defined Storage Component Outlook

• Platforms
• Services

Software-Defined Storage Application Outlook

• Telecom and ITES
• Logistics and Warehouse
• Healthcare
• Media
• Others

Software-Defined Storage Organization Size Outlook

• Large enterprises
• Small and medium enterprises

Software-Defined Storage Regional Outlook

• North America

  • US
  • Canada

• Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe

• Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific

• Rest of the World

  • Middle East

  • Africa

  • Latin America

Report Attribute/Metric	Details
Market Size 2021	USD 9.2 Billion
Market Size 2022	USD 18.9 Billion
Market Size 2032	USD 30 Billion
Compound Annual Growth Rate (CAGR)	30.00% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2018 & 2020
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Component, Application, Organization Size, and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of the World
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Open Text Corp., Microsoft Corp., IBM Corp., Oracle Corp, Net App, Inc., Nvidia, VMWare, Inc., FalcoStor Software, Inc., StarWind Software, Inc, Juniper Networks
Key Market Opportunities	Increasing use of hyper-converged technology
Key Market Dynamics	Growing adoption of technology