Global Block Storage Software Market Overview:
Block storage software is used to store structured object files. This storage architecture is extremely scalable as it organizes files into standardized formats. These blocks offer less metadata than object storage software, where individual files maintain clumps of extra information, metadata, and identifiers. Block storage software additionally permits the ability to edit individual components of data blocks without accessing the complete object file. Corporations use block storage solutions to create large, scalable systems that operate with efficient workloads. The software also reduces overhead related to storage management and optimizes database performance.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rapid Use for Enterprise Applications
Market Growth Drivers:
Need For Enterprise Mobility, Easy Deployment of Cloud Storage Solutions, High Rate of Adoption of Cloud-Based & Web-Based Storage among Small & Mid-Size Organizations and Growth In Need Of Better Data Management System
Challenges:
Highly Competitive, with Numerous Established Players and New Entrants
Restraints:
A High Cost of the Software & Services
Opportunities:
Increase In Need Of Technologically Advanced Storage Solutions and The Emerging Demand from Developing Countries
Competitive Landscape:
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.
Some of the key players profiled in the report are Amazon Web Services, Inc. (United States), Vultr Holdings Corporation (United States), Microsoft (United States), Digital Ocean (United States), Oracle (United States), Attunity Gold Client (United States), Catalyst Cloud (New Zealand), IBM (United States), SkyAtlas (Turkey), CloudByte Inc. (United States) and Excelero, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Block Storage Software market by 2028. Considering Market by End-User Industry, the sub-segment i.e. BFSI will boost the Block Storage Software market. Considering Market by Organisation Size, the sub-segment i.e. Large Enterprises will boost the Block Storage Software market.
Latest Market Insights:
On May 6, 2022, Oracle announced that it has entered into an agreement to acquire Adi Insights. Adi Insights is a leading provider of workforce management solutions. The acquisition will integrate overtime management, time tracking, demand forecasting, and shift scheduling capabilities with NetSuite's SuitePeople workforce management solution.
On 30 Oct 2018, Excelero, Inc. announced the latest edition of its software-only storage solution, NVMesh 2. It will make it easier for enterprises as well as service providers to deploy shared NVMe storage at local performance across a far wider range of network protocols and applications.
What Can be Explored with the Block Storage Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Block Storage Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Block Storage Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Block Storage Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Block Storage Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Block Storage Software Companies, Technology Investors, Regulatory Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.