By 2027, the global Storage Software Market is expected to rise to $42.36 billion from $23.33 billion in 2019 and registering at a CAGR of 12.2% during the forecast period from 2020 to 2027.
Unstructured and disarranged data inclusive of emails, web pages, and many more are the issues suffered by organisations due to fast growing data volume in the market. Increasing operational cost and management of these data have been a matter of concern for organizations. These problems are addressed by storage software market solution by facilitating cost efficient data management along with a safe storage infrastructure.
Globally, the need for storage software market is influenced by various factors. In manner to minimize the manual labor which in return will curtail the possibility of human labor, the manufacturing facilities are slowly moving towards automated processes. Additionally, the usage of software based manufacturing which also includes storage of manufacturing data is attributed due to assimilation of automation in manufacturing. The requirement for storage software is estimated to grow owing to such integration. The need for cloud computing is eventually impacted by the current technological developments in the internet of things (IoT) market. The demand for public cloud based services is influenced by the rising tendency of remote data access for health monitoring as well as fitness monitoring. Moreover, gathering of data like temperature, location and pressure that is stored in a cloud server to be approached by the consumers is possible through combination of sensors in smart consumer electronics. Any kind of devices that can be linked to the internet like automobiles, ATM machines, smartphones and fitness wearables such as smart bands are part of the IoT ecosystem.
The demand for cloud storage is enhanced which is driving the market for cloud computing as well due to increasing need of these devices. The rising interest for cloud computing is majorly influenced by the demand for storage software. Further, by purchasing cloud spaces that are less expensive than investing on servers and physical storage spaces, the new ventures are minimizing their operating costs.
Storage solutions and services are the areas of concern of this report. The Storage Software market has been widely classified based on types of software, end users, deployment types, industry verticals, and regions. This report considers the analysis of the major drivers, constraints, opportunities and challenges of the market. The storage software market report covers a detailed analysis of the top players in solutions and services ecosystems along with their profiles, current developments, key problems, global approved trends, opportunities in market, and further growth prospects.
The global hardware accelerator market is facing intense competition from its major players. The leading players operating in the hardware accelerators market include Oracle Corporation (U.S.), HP (U.S.), IBM (U.S.), CA Technologies (U.S.) and Symantec (U.S.) Hitachi Data Systems (U.S.), Dell (U.S.) and Huawei Technologies (China) among other emerging players.
The global storage software market has been geographically bifurcated as Europe, North America, Asia Pacific, Latin America, Middle East and Africa. Storage software are being used by North America and Europe since long time. Thus, within the forecast period both the regions are anticipated to lead the market. Moreover, the developing economies of Asia Pacific are estimated to drive the demand for storage software greatly due to enhanced demand for automation. In near future, the regions of Middle East and Africa are anticipated to record constant demand for storage software as well.
Global Storage Software market size by software:
• Data protection and recovery
• Storage and device management
• Storage replication
• Storage virtualization
• Software defined storage
• Storage infrastructure software
Global market size by deployment type:
Global Storage Software market size by end users:
Global market size by industry vertical:
• Telecom and IT
Global market size by region:
• North America (NA)
• Asia Pacific (APAC)
• Middle East and Africa (MEA)
• Latin America (LA)
TOC NOT FOUND
Abstract Market Research
Call at: +1-209-813-4101 | +91-9730047721