January 13, 2014
Analyst Estimates 2018 Software-defined Storage Market Will Be Worth More than $5B
The software-defined storage market is expected to be worth a whopping $5.41 billion by 2018.
That’s according to MarketsandMarkets, a U.S.-based global market research and consulting company, which recently issued a new report on the subject.
This is important because the software-defined everything space is a closely-watched new market that promises enterprise and carrier network operators new efficiencies in infrastructure cost and new service time-to-market.
Excitement around software-defined network has in the past few months driven some of the biggest tech names in the industry to buy SDN startups, and has also led private equity and venture capital investors to funnel dollars to new players in this nascent arena. To learn more about SDN, join us at SDN Precon Jan. 28 in Miami. For more information, or to register, click here: http://www.sdnzone.com/conference/
Software-defined storage in particular can help network operators better manage the incredible amount of data generated by rich media such as video and the growing numbers of (especially) wireless devices, which people are using in larger numbers and for a greater share of the day than even in the recent past. It does that by allowing for resource pooling, meaning enabling network operators to call on available server resources at any time and in any of their locations.
This kind of thing is just the latest evolution of the cloud, which Amazon pioneered when, in 2006, it launched Amazon Web Services. Aimed at tech types who wanted to run their businesses on someone else’s infrastructure – and avoid the upfront costs and ongoing maintenance of buying and supporting servers and other IT resources – AWS has been an incredible success. It allows companies to buy only the networking resources they require, when they need them. That’s why Amazon uses the term elastic in describing the model.
Amazon has since expanded AWS to include a variety of services, including storage services, and these services alone will contribute a good chunk of the estimated $5.41 billion noted above. David Linthicum in a May article for Gigaom Research said: “Amazon’s S3 offering[s] have grown to encompass 2 trillion objects stored, and continues to prove the many initial naysayers incorrect as they grow revenue well past $2 billion dollars.”
Of course, many others have since introduced subscription-based services that deliver on-demand databases, servers, storage, and other infrastructure, platforms and services. This group now includes everyone from Google and Microsoft, to HP and IBM, to the largest telephone companies and cloud hosting outfits, to the latest startups. And these companies are all looking at how software-defined networking and storage can enable them to run these operations even more efficiently.
Edited by Ryan Sartor