Storage software is used to store a large amount of data securely, the increasing volume of structured and unstructured data is rising the demand for the storage software market. The rising demand for cloud computing and a significant reduction in the cost of data storage is a major driver for the storage software market. Moreover, the need for secure storage infrastructure coupled with the growing shipment from existing data centers to storage solutions is also positively impacting the growth of the storage software market.
MARKET DYNAMICS
Rapid developments in the IoT (Internet of Things) are directly fueling the demand for cloud computing which bolster the growth of the software storage market. Growing digitalization and increasing automation in the industries is driving the growth of the storage software market across the globe. However, security and privacy concern is the major restraint for the growth of the market. Furthermore, an increase in the volume of data, a growing demand for storage virtualization, and a significant reduction in operating costs are expected to trigger the growth of the storage software market.
MARKET SCOPE
The "Global Storage Software Market Analysis to 2028" is a specialized and in-depth study of the storage software industry with a special focus on the global market trend analysis. The report aims to provide an overview storage software market with detailed market segmentation by type, deployment type, enterprise size, end-user, and geography. The global storage software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading storage software market players and offers key trends and opportunities in the Storage software market.
MARKET SEGMENTATION
The global storage software market is segmented on the basis of type, deployment type, enterprise size, end-user. On the basis of type the market is segmented as data protection and recovery, storage and device management, storage replication, archiving, storage virtualization, software defined storage, storage infrastructure software. On the basis of deployment type the market is segmented as cloud, on-premises. On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, government, retail, healthcare, manufacturing, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Storage software market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The storage software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting storage software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the storage software market in these regions.
MARKET PLAYERS
The reports cover key developments in the storage software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from storage software market are anticipated to lucrative growth opportunities in the future with the rising demand for storage software in the global market. Below mentioned is the list of few companies engaged in the storage software market.
The report also includes the profiles of key storage software companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Broadcom, Inc.
- Dell Inc.
- FalconStor Software
- Fujitsu Ltd.
- Hewlett Packard Enterprise Development LP
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- NetApp
- Oracle Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.