What is Storage Software Market?
Storage software is used to store large amounts of data securely. The ongoing concept of cloud computing is one of the primary drivers for storage software globally. The manufacturing facilities are gradually shifting towards automated processes in order to reduce manual labor which in return will reduce the chances of human labor this major factor for the market. The market is projected to grow significantly during the forecast period.
The market study is being classified by Type (Data Protection and Recovery, Storage and Device Management, Storage Replication, Archiving, Storage Virtualization, Software-Defined Storage and Storage Infrastructure Software) and major geographies with country level break-up.
Oracle Corporation (United States), HP (United States), IBM (United States), NetApp, Inc. (United States), CA Technologies (United States), Symantec (United States), Dell (United States), Hitachi Data Systems (United States) and Huawei Technologies (China) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Oracle Corporation, HP, IBM, and NetApp, Inc.. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Storage Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Storage Software market by Type, Application and Region.
On the basis of geography, the market of Storage Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing at a Higher Pace in the Market, Organizations are Investing Major Proportion of Their Budget in Their ICT Spending Growing Demand for Storage Virtualisation are Guiding the Storage Software Market to The Next Level
Market Trend
- Increasing Use Bigdata and AI
Restraints
Opportunities
- Increasing Demand for Storage Software from across the Globe
Challenges
- Lack of Skilled Professionals
On 13th July 2020, NetApp, the leader in cloud data services, has announced that it has completed its acquisition of Spot, a leader in computing management and cost optimization in the public clouds.
Key Target Audience
Storage Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other