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The software-defined storage (SDS) market size is forecast to increase by USD 105.07 billion at a CAGR of 37.02% between 2023 and 2028. The market is experiencing significant growth due to several key trends. The rise in cloud adoption is driving the demand for SDS solutions as organizations seek to reduce costs and improve flexibility. Another trend is the rise of high-performance computing (HPC) and the Internet of Things (IoT), which require large amounts of data processing and storage. New technology, such as FalconStor's SDS offerings, is helping to address these demands with high-performance, cost-effective solutions. Market news indicates that market leaders are investing heavily in SDS to meet the evolving needs of IT organizations. However, high costs associated with SDS implementation remain a challenge for some organizations, making it essential for companies to offer affordable and scalable solutions. In summary, the SDS market is poised for continued growth, driven by cloud adoption, HPC, IoT, and the need for cost-effective, high-performance storage solutions.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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