The Asia Pacific Software Defined Storage Market is expected to witness market growth of 27.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $19.49 billion by 2031. The Japan market is registering a CAGR of 27% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 28.5% during 2024-2031.
Big data storage requires vast amounts of space with high-performance capabilities. SDS helps address the unique needs of big data applications, where terabytes or even petabytes of data must be processed, analyzed, and stored. By enabling a flexible, scalable storage infrastructure, SDS allows organizations to handle high data throughput while optimizing storage costs.
Traditional enterprise storage systems are often complex and costly, but SDS allows enterprises to scale their storage as needed while keeping costs low. SDS can deliver high-performance storage capabilities to small businesses and large corporations without expensive proprietary hardware, making it particularly attractive for small and medium-sized enterprises (SMEs) looking for enterprise-class storage solutions.
According to the National Investment Promotion and Facilitation Agency, India’s banking sector has become one of the most stable in the world, with the percentage of people holding bank accounts increasing from 53% to 78% between FY 16 and FY 21. Additionally, India’s fintech sector is projected to reach $150 billion by 2025, up from $50 billion in 2021, with the sector expected to generate $2.1 trillion in opportunities by 2030. This rapid digital transformation in both banking and fintech is driving the need for efficient data storage solutions. As per the State Council of the People’s Republic of China, China’s software and information technology services industry generated 12.33 trillion yuan in revenues in 2023, representing a 13.4% year-on-year growth. This robust growth in the IT and software sectors highlights the increasing importance of advanced storage technologies, including SDS. As China’s technology-driven industries expand, the demand for flexible and efficient data storage solutions has increased. In particular, the growing adoption of cloud computing, big data analytics, and artificial intelligence in industries such as e-commerce, healthcare, and finance are generating massive volumes of data. Therefore, India, Australia, and China are experiencing rapid digital growth, with significant banking, fintech, transportation, and technology services advancements.
The China market dominated the Asia Pacific 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 $19.49 billion by 2031. The Japan market is registering a CAGR of 27% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 28.5% during 2024-2031.
Big data storage requires vast amounts of space with high-performance capabilities. SDS helps address the unique needs of big data applications, where terabytes or even petabytes of data must be processed, analyzed, and stored. By enabling a flexible, scalable storage infrastructure, SDS allows organizations to handle high data throughput while optimizing storage costs.
Traditional enterprise storage systems are often complex and costly, but SDS allows enterprises to scale their storage as needed while keeping costs low. SDS can deliver high-performance storage capabilities to small businesses and large corporations without expensive proprietary hardware, making it particularly attractive for small and medium-sized enterprises (SMEs) looking for enterprise-class storage solutions.
According to the National Investment Promotion and Facilitation Agency, India’s banking sector has become one of the most stable in the world, with the percentage of people holding bank accounts increasing from 53% to 78% between FY 16 and FY 21. Additionally, India’s fintech sector is projected to reach $150 billion by 2025, up from $50 billion in 2021, with the sector expected to generate $2.1 trillion in opportunities by 2030. This rapid digital transformation in both banking and fintech is driving the need for efficient data storage solutions. As per the State Council of the People’s Republic of China, China’s software and information technology services industry generated 12.33 trillion yuan in revenues in 2023, representing a 13.4% year-on-year growth. This robust growth in the IT and software sectors highlights the increasing importance of advanced storage technologies, including SDS. As China’s technology-driven industries expand, the demand for flexible and efficient data storage solutions has increased. In particular, the growing adoption of cloud computing, big data analytics, and artificial intelligence in industries such as e-commerce, healthcare, and finance are generating massive volumes of data. Therefore, India, Australia, and China are experiencing rapid digital growth, with significant banking, fintech, transportation, and technology services advancements.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Software Defined Storage Market by Component
Chapter 6. Asia Pacific Software Defined Storage Market by Deployment
Chapter 7. Asia Pacific Software Defined Storage Market by Organization Size
Chapter 8. Asia Pacific Software Defined Storage Market by End Use
Chapter 9. Asia Pacific Software Defined Storage Market by Application
Chapter 10. Asia Pacific 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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