The global storage software market grew at a CAGR of around 9% during 2014-2019.
Storage software refers to an application-based storage architecture that manages storage on a data center, private cloud or virtualization platform. It enables a user to monitor and manage existing data storage requirements and predict future needs. The software is majorly used for data protection and recovery, device management, storage replication and virtualization and archiving. It can automatically make necessary adjustments based on the capacity needs of the user and perform tasks, create new connections and operate hardware without needing the administrator’s intervention. In comparison to the traditionally used tools, such as network-attached (NAS) and storage area network (SAN) systems, SDS minimizes the software’s dependency on the proprietary hardware. Owing to this, it finds extensive applications across various industries, including telecommunications, information technology (IT), banking, financial services and insurance (BFSI), manufacturing and retail.
The emerging trend of digitization, along with the increasing adoption of cloud-based storage software, is one of the key factors driving the growth of the market. With a rapid increase in the volume of digital data generated by the organizations, there is widespread adoption of storage software to manage unstructured and disorganized data. In line with this, the integration of automation across industries is also providing a boost to the market growth. Various technological advancements, such as the development of the Internet of Things (IoT), have enabled organizations to store their data on the cloud and access it remotely, which is also contributing to the market growth. Additionally, the advent of hyper-converged infrastructure technology is acting as another major growth-inducing factor. This technology runs storage, computational activities and networking systems in a virtualized environment for space optimization and optimal utilization of resources. Looking forward, the analyst expects the global storage software market to continue its moderate growth during the next five years.
Breakup by Software Type: Data Protection and Recovery Storage and Device Management Storage Replication Archiving Storage Virtualization Software Defined Storage Storage Infrastructure Others
Breakup by Deployment Type: Cloud-based On-premises
Breakup by Organization Size: Small and Medium Enterprises Large Enterprises
Breakup by Vertical: BFSI Healthcare Manufacturing Retail IT and Telecom Government Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being CA Technologies (Broadcom Inc.), Citrix Systems Inc., EMC Corporation (Dell Technologies Inc.), FUJITSU (Furukawa Group), Hewlett Packard Enterprise Development LP, Hitachi Vantara Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Netapp Inc., Oracle Corporation, Symantec (Broadcom Inc.), Western Digital Corporation, etc.
Key Questions Answered in This Report: How has the global storage software market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global storage software market? What is the breakup of the market based on the software? What is the breakup of the market based on the deployment type? What is the breakup of the market based on the organization size? What is the breakup of the market based on the vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global storage software market and who are the key players? What is the degree of competition in the industry?
Our reports have been used by over 10K customers, including:
This IDC study discusses the worldwide software-defined storage controller software forecast for 2020-2024."It's clear that while long-range growth is expected to cool somewhat, the SDS-CS market will continue to lead all other portions of the software-defined storage market," said Lucas Mearian, research manager, Storage Software at IDC....
139 pages •
By Global Industry Analysts
• Sep 2020
Global Industrial Automation Device Manager Software Market to Reach $542.3 Million by 2027 Amid the COVID-19 crisis, the global market for Industrial Automation Device Manager Software estimated at US$396.8 Million in the year 2020, is projected to reach a revised size of US$542.3 Million by 2027, growing at a CAGR of 4.6% over the...
131 pages •
By Global Industry Analysts
• Sep 2020
Global Loan Servicing Software Market to Reach $2.9 Billion by 2027 Amid the COVID-19 crisis, the global market for Loan Servicing Software estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at aCAGR of 13.5% over the period 2020-2027. SaaS-based, one of the segments...
Customer Self-Service Software Market Research Report by Type (Services and Solutions), by Delpoyment (On-Cloud and On-Premises), by Vertical - Global Forecast to 2025 - Cumulative Impact of COVID-19 The Global Customer Self-Service Software Market is expected to grow from USD 5,997.39 Million in 2019 to USD 12,447.15...
Data Recovery Software Market Research Report by Platform (Linux, Mac, and Windows), by Component (Services and Software), by Deployment, by Application, by Industry - Global Forecast to 2025 - Cumulative Impact of COVID-19 The Global Data Recovery Software Market is expected to grow from USD 12,716.87 Million in 2019...
This IDC Vendor Profile examines StarWind Software, an all-flash hyperconverged infrastructure appliance and storage virtualization software provider. It describes the company history as well as StarWind's product and business strategy.
This IDC study provides worldwide storage software forecast for 2020-2024."The overall storage software market will take a significant revenue hit because of a decline in external enterprise storage systems next year. Impacts from the COVID-19 pandemic will also affect bottom-line spending as companies hold onto legacy systems and software...
This IDC study discusses the worldwide storage software market shares for 2019."Storage software sales continued to make significant increases in 2019," said Lucas Mearian, research manager, Storage and Computing Infrastructure Software Platforms. "The worldwide storage software market performed well in 2019, growing at a rate of 4.6%. Strong...
145 pages •
By Global Industry Analysts
• Jul 2020
Global Storage Software Market to Reach $34.3 Billion by 2027 Amid the COVID-19 crisis, the global market for Storage Software estimated at US$20.4 Billion in the year 2020, is projected to reach a revised size of US$34.3 Billion by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027. Data protection and recovery, one...
This IDC study provides a brief overview of the worldwide storage software and basic storage (infrastructure as a service [IaaS]) market performance during the second calendar quarter of 2020 (2Q20)."The worldwide storage software market performed surprisingly well during the second quarter, all things considered," said Greg Macatee, research...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.