The Europe Software Defined Storage Market is expected to witness market growth of 26.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Software Defined Storage Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $16.24 billion by 2031. The UK market is exhibiting a CAGR of 25.3% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 27.4% during 2024-2031.
This market has applications across various industries and business environments. Due to its ability to offer highly scalable, flexible, and cost-efficient storage solutions, it is widely adopted in data centers to optimize storage management. Virtualized environments, where multiple virtual machines (VMs) are run on a single physical server, benefit from SDS because it abstracts the underlying physical hardware and provides centralized storage management.
SDS is at the center of modern cloud storage platforms, enabling organizations to create and manage highly scalable cloud storage environments. It is estimated that global public cloud spending reached approximately $600 billion in 2023, a substantial increase from $490 billion in 2022. For example, sales of Amazon Web Services (AWS), increased 13% year-over-year to $24.2 billion.
The increasing digital transformation across businesses of all sizes is driving the growth of market. As organizations adopt advanced technologies to streamline operations, enhance performance, and manage the growing volume of data, the need for scalable, flexible, and cost-effective storage solutions becomes critical. The rise in digital intensity, especially among large enterprises, accelerates the adoption of SDS technologies to meet these demands. According to Eurostat, in 2023, 59% of all businesses in the European Union achieved a basic level of digital intensity, with large businesses leading the charge. For large enterprises, 91% had reached a basic level of digital intensity, and 68% of these businesses reported having very high or high digital intensity. This adoption of digital technologies has spurred the need for innovative IT infrastructure, including Software Defined Storage (SDS). For instance, nations like Sweden and Finland have a high percentage of SMEs (80% and 86%, respectively) achieving basic digital intensity, while countries such as Romania and Bulgaria are still catching up, with only 27% and 28% of SMEs reaching this level. Thus, Europe’s digital transformation across large businesses and SMEs creates a growing demand for flexible, scalable storage solutions.
The Germany market dominated the Europe Software Defined Storage Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $16.24 billion by 2031. The UK market is exhibiting a CAGR of 25.3% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 27.4% during 2024-2031.
This market has applications across various industries and business environments. Due to its ability to offer highly scalable, flexible, and cost-efficient storage solutions, it is widely adopted in data centers to optimize storage management. Virtualized environments, where multiple virtual machines (VMs) are run on a single physical server, benefit from SDS because it abstracts the underlying physical hardware and provides centralized storage management.
SDS is at the center of modern cloud storage platforms, enabling organizations to create and manage highly scalable cloud storage environments. It is estimated that global public cloud spending reached approximately $600 billion in 2023, a substantial increase from $490 billion in 2022. For example, sales of Amazon Web Services (AWS), increased 13% year-over-year to $24.2 billion.
The increasing digital transformation across businesses of all sizes is driving the growth of market. As organizations adopt advanced technologies to streamline operations, enhance performance, and manage the growing volume of data, the need for scalable, flexible, and cost-effective storage solutions becomes critical. The rise in digital intensity, especially among large enterprises, accelerates the adoption of SDS technologies to meet these demands. According to Eurostat, in 2023, 59% of all businesses in the European Union achieved a basic level of digital intensity, with large businesses leading the charge. For large enterprises, 91% had reached a basic level of digital intensity, and 68% of these businesses reported having very high or high digital intensity. This adoption of digital technologies has spurred the need for innovative IT infrastructure, including Software Defined Storage (SDS). For instance, nations like Sweden and Finland have a high percentage of SMEs (80% and 86%, respectively) achieving basic digital intensity, while countries such as Romania and Bulgaria are still catching up, with only 27% and 28% of SMEs reaching this level. Thus, Europe’s digital transformation across large businesses and SMEs creates a growing demand for flexible, scalable storage solutions.
List of Key Companies Profiled
- Microsoft Corporation
- Dell Technologies, Inc.
- Hewlett Packard Enterprise Company
- D2iQ, Inc.
- Oracle Corporation
- Cisco Systems, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Ericsson AB
- DataCore Software Corporation
Market Report Segmentation
By Component
- Solutions
- Storage Virtualization
- Storage Provisioning & Orchestration
- Storage Replication
- Services
- Support & Maintenance
- Implementation & Integration
- Consulting
By Deployment
- On-premises
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By End Use
- BFSI
- IT & Telecommunications
- Retail & E-commerce
- Healthcare
- Logistics & Warehouse
- Media & Entertainment
- Other End Use
By Application
- Data Backup and Disaster Recovery
- Cloud Storage
- Big Data Storage
- Storage Provisioning
- Data Archiving
- Other Application
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Software Defined Storage Market by Component
Chapter 6. Europe Software Defined Storage Market by Deployment
Chapter 7. Europe Software Defined Storage Market by Organization Size
Chapter 8. Europe Software Defined Storage Market by End Use
Chapter 9. Europe Software Defined Storage Market by Application
Chapter 10. Europe Software Defined Storage Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Microsoft Corporation
- Dell Technologies, Inc.
- Hewlett Packard Enterprise Company
- D2iQ, Inc.
- Oracle Corporation
- Cisco Systems, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Ericsson AB
- DataCore Software Corporation
Methodology
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