Worldwide Software-Defined Storage Sales To Reach $16Bn In 2021

According to the latest forecast of the International Data Corporation (IDC), the net sales of the Software-Defined Storage or SDS will hit a $16 billion mark come 2021.

In the data found by IDC, there is a projected 13.5 percent growth in the SDS market for the years 2017 to 2021. The agency claims that the total sales will be $16.2 billion, as traditional data storage shifts to cloud environments.

The traditional storage infrastructure supported hardware-centric dual-controller storage of a variety of designs. Over the years, the cloud-based storage has dominated different industries, with commodity equipment support.

The cloud storage offers usability and accessibility by allowing easy access to files anywhere in the world. Besides accessibility, this type of storage also provides security by backing files.

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Software-Defined Storage Sales

IDC research director Eric Burgener said that SDS’ capacity and features have made it an ideal choice for businesses.

Burgener added, “For IT organizations undergoing digital transformation, SDS provides a good match for the capabilities needed-flexible IT agility; easier, more intuitive administration driven by the characteristics of autonomous storage management; and lower capital costs due to the use of commodity and off-the-shelf hardware.”

In 2017, IDC projects a $7 billion SDS sales for massive market growth of the technology.

Meanwhile, IDC also projected a huge growth of Big Data and Business Analytics (BDA), which can have a global revenue of $274.3 billion in 2022.

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According to IDC, businesses need to reconstruct their storage and data analytics systems to meet the demands of the market and remain in the competition.

“Digital transformation is a key driver of BDA spending with executive-level initiatives resulting in deep assessments of current business practices and demands for better, faster, and more comprehensive access to data,” said IDC.

New HCI Technology

The International Data Corporation also noted that SDS is going upward due to three key segments, file, object, and the hyper-converged infrastructure (HCI). The latter is getting a lot of attention because of the ease of storage, as the system combined both datacentre hardware and intelligent software.

The HCI market is expected to generate about $7.15 billion in 2021, after the 26.6 percent increase in the five-year CAGR market. This technology also supports companies to forge cloud-friendly alliances.

SDS is believed to gain more traction in the future as it meets the demands of the next-generation datacentre, better than legacy storage infrastructure.

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