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According to a new report Europe Software Defined Storage Market, published by KBV Research, the Europe Software Defined Storage market is expected to grow at a CAGR of 29.4% during the forecast period.
Technological advancements in the region and ever increasing number of IT companies are the leading factors that would shape the Asia pacific region during the forecast period. Also, the Small and Medium Enterprises (SMEs) in the region are constantly looking for opportunities to slash IT expenditure and virtualization facilities to store data is gaining prominence.
Within the SDS services segment, the security, and support & maintenance services are anticipated to register the highest CAGR; training and consulting on the other hand is would be the largest contributing segment among all the services. Security service as a segment is anticipated to gain prominence due to inherent threats and the need to mitigate software-defined data center threats and ensure secure sharing of data among business units, partners, and customers, while controlling lateral moving threats and advanced form of attacks.
In 2015, Germany dominated the Europe Data-Backup and Disaster-Recovery Software Defined Storage Market, by Country with revenue of $72.7 Million. However, Italy would witness highest CAGR of 32.8% during the forecast period (2016-2022).
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Europe Software Defined Storage market have been discussed in the report along with the elaborated company profiles namely Microsoft Corporation, IBM Corporation, HP Enterprise Company, Hitachi Ltd., Cisco Systems, Inc., Fujitsu Limited, Google Inc., Amazon.com, Inc. and Oracle Corporation.