What is Cold Storage Software Market?
A computer system or method of operation designed for the storing of inactive data is known as cold storage. Cold storage is a type of data storage system that is used to store active data. Disaster recovery, backup, archiving, and social networking are all included in this storage solution. The method for storing/backing up data increases the total cost of sustaining data as the organization experiences rapid expansion in data generation.
Highlights from Cold Storage Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amazon (United States), Azure (United States), Cloudian (United States), Cyberduck (United Kingdom), DataCore (United States), Datrium (United States), Datto NAS (New Zealand), DriveHQ (United States), Google (United States), IBM (United States), Igloo (United States) and Mimecast (United Kingdom) |
The global market for Cold Storage Software is fiercely competitive, with all competitors competing for market share. Cold Storage Software involves the development of new features and applications, followed by a strategy method for improving business operations and lowering costs. Cold Storage Software depends on insights from tools to improve customer retention and acquisition, decrease operational expenses to remain more competitive. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cold Storage Software market throughout the forecasted period.
Amazon (United States), Azure (United States), Cloudian (United States), Cyberduck (United Kingdom), DataCore (United States), Datrium (United States), Datto NAS (New Zealand), DriveHQ (United States), Google (United States), IBM (United States), Igloo (United States) and Mimecast (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Red Hat (United States), SolarWinds (United States) and BigMIND (United States). Cold Storage Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | IT Management, BSFI, Marketing, Finance, Human Resources, Healthcare and Others |
Type | Block Storage Software, Cloud File Storage Software, Cold Storage Software and Hybrid Cloud Storage Software |
Deployment Mode | Cloud,On-premises |
Organization Size | SMEs,Large Enterprises |
Features | Inventory Accuracy,Co-Packing,Traceability,Lot Control,Temperature Capture,Cross Docking,Others |
On the basis of geography, the market of Cold 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.
Influencing Trend:
Digitalization of Single High-Performance Storage
Market Growth Drivers:
Demand for Adequate Storage Performance, Availability, Data Integrity, and Security and The demand for Cost-Effective Cold Storage with Low Power Consumption
Challenges:
Long Time Require to Restore Data and Application after Failure and Unstructured Data Consume Vast Amount of Storage
Restraints:
Issues Face Related to Cost, Governance, and Data Longevity
Opportunities:
Reduce IT Staff Responsibilities and Eliminate Capital Expenses
Key Target Audience
Cold Storage Software Manufactures, Cold Storage Software Distributors and Suppliers, International Traders, Research and Development Institutes, Upstream and Downstream Buyer, Financial Institutes and Investors, Regulatory Bodies and Others
Market Leaders & Development Strategies
In October 2020, Amazon Web Services, Inc. partnered with Carrier Global Corporation to co-develop Carrier’s new Lynx digital platform. It provide Carrier customers around the world with enhanced visibility, increased connectivity, and actionable intelligence across their cold chain operations to improve outcomes for temperature-sensitive cargo, including food, medicine, and vaccines. This helped Amazon to expand its presence in cold storage software market
On 01 Feb 2021, Omex Infotech has announced the launch new website for cold storage management software services. It will help cold storage business investors to handle data in upgraded software. It has improved software that allows businesses to form numerous firms with linkages that let them identify the financial elements of each one. It includes advanced capabilities that enable users to access data from any device since the entire program may be transferred to a cloud-based web application. This program also includes functions such as location transfer, accounting credit-debit management, stock report, and comprehensive packing report.