SDS Market Share, Trends & Scope, Product Estimates & Strategy Framework To 2014 - 2024.

The SDS market is broadly categorized into six major segments based on the application type such as banking, finance and insurance (BFSI) sector, education sector, IT services, government sector, manufacturing sector and healthcare sector. The banking, finance and insurance (BFSI) sector is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years.

Growing popularity of software defined storage (SDS) solutions in the banking, finance and insurance (BFSI) segment is attributed to the higher data transfer rates and assisting multiple distributed sys. The IT services segment has also witnessed substantial growth owing to the high-end demand for management of large amounts of data in the software industry.

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Furthermore, populism towards cloud data storage by businesses and institutions is on the rise since last decade owing to the cost-efficient employment and easier availability. The advantages with the adoption of the cloud storage provide total ownership of the storage space and complete accessibility from the remote locations.

Use of solid state devices offer higher number of advantages in comparison with the traditional, as they use electronic chipset to store digital information. Other advantages of software defined storage (SDS) units include higher functionality, better performance ratio, low noise production, and extended life span. These advantages are responsible for wider reach of the software defined storage (SDS) industry across various global regions.

The SDS industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in data storage sector, increase in the number of research & development activities in the region, and existence of well-established cloud infrastructure.

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