PUBLISHER: KBV Research | PRODUCT CODE: 1709818
PUBLISHER: KBV Research | PRODUCT CODE: 1709818
The Latin America, Middle East and Africa Software Defined Storage Market would witness market growth of 29.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Software Defined Storage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,241.1 million by 2031. The Argentina market is showcasing a CAGR of 30.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 28.2% during (2024 - 2031).
The adoption of software-defined storage is accelerating across various industries, driven by the growing need for flexibility, scalability, and cost-effective storage solutions. Traditional storage solutions require substantial capital investment in proprietary hardware. SDS enables the use of off-the-shelf hardware, which significantly reduces upfront costs.
As data volumes grow, traditional storage systems often become too rigid to keep up. On the other hand, SDS allows storage to be scaled horizontally without the need for complete overhauls of existing infrastructure. This scalability ensures businesses can grow their storage environments per their data requirements. One of the most compelling reasons for adopting SDS is its centralized management interface.
According to the UAE government, the Middle East logistics sector is projected to reach USD 66.3 billion by 2020, making it one of the fastest-growing logistics regions. This expansion is fueled by increasing investments in infrastructure, advanced technologies, and logistics services to meet the growing demand in the region. As the logistics sector becomes more digitalized and reliant on data, there is an increasing need for robust and flexible storage solutions to manage vast amounts of operational data. SDS provides a scalable and cost-efficient solution, allowing logistics companies to centralize, manage, and access their data more effectively. Moreover, as per the International Trade Administration (ITA), Brazil, one of the most populous nations in Latin America, is set to see its e-commerce sector surpass US$200 billion by 2026, growing at an annual rate of 14.3%. The rapid expansion of e-commerce has created massive volumes of transactional data that require more sophisticated and scalable storage solutions. The need to support large-scale online transactions, inventory management, customer data, and digital marketing initiatives is driving Brazilian businesses to adopt Software Defined Storage systems. In conclusion, the rapid growth of the logistics sector in the UAE and the expanding e-commerce market in Brazil are key factors driving the demand for these solutions.
Based on Component, the market is segmented into Solutions (Storage Virtualization, Storage Provisioning & Orchestration, and Storage Replication), and Services (Support & Maintenance, Implementation & Integration, and Consulting). Based on Deployment, the market is segmented into On-premises, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises (SMEs). Based on End Use, the market is segmented into BFSI, IT & Telecommunications, Retail & E-commerce, Healthcare, Logistics & Warehouse, Media & Entertainment, and Other End Use. Based on Application, the market is segmented into Data Backup and Disaster Recovery, Cloud Storage, Big Data Storage, Storage Provisioning, Data Archiving, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Software Defined Storage Market Report Segmentation
By Component
By Deployment
By Organization Size
By End Use
By Application
By Country