The imperatively evolving storage data volume, particularly growth of unstructured data is reckoned to be a major driver for increasing demand of storage solutions. The eminent catalyst to drive storage sector would be the significant cost reduction, and growing demand for storage virtualization.
MarketsandMarkets forecasts the global storage software market to grow from $15.11 billion in 2014 to $23.33 billion by 2019, at a CAGR of 9.1% during the forecast period.
The report “Storage Software Market by Software (Storage Replication, Archiving, Software Defined Storage, and Others), End User, Deployment Type, Industry (Government, BFSI, and Others) and Geography – Global Forecast to 2019”, defines the global storage software market based on various software, end user, deployment type, industry vertical with an in-depth analysis and market size forecast. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Storage solution vendors provides storage portfolio for both SMBs and enterprises to resolve such issues- ranging from disk storage and backup systems up to data protection appliances.
MarketsandMarkets broadly segments the global storage software market by region: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by software: data protection and recovery, storage and device management, storage replication, archiving, storage virtualization, software defined storage, and storage infrastructure software; by end user – SMBs and Enterprises; by deployment type: on-premises and cloud; by industry vertical: telecom & IT, government, BFSI, healthcare, manufacturing, and retail.