[139 Pages Report] 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% from 2014 to 2019

With the rapid increase in data volume in the market, organizations are facing problems such as - unstructured and disorganized data, including emails, web pages, and so on. Managing these data and rising operational cost have become a concern for organizations. storage software market solution caters to these issues by providing cost efficient data management and a secure storage infrastructure.

As the data is increasing at a higher pace in the market, organizations are investing major proportion of their budget in their ICT spending. The major verticals such as BFSI, government, retail, and manufacturing are planning to switch their existing data centers to storage solutions. Driving factors such as increase in volume of data, significant cost reduction, and growing demand for storage virtualisation are guiding the storage software market to the next level.

This report focuses on storage solutions and services. The market has been broadly segmented by types of software, end users, deployment types, industry verticals, and regions. The major drivers, restraints, opportunities and challenges; and their impact have been briefly described in this report. The notable market players in this domain include EMC, IBM, NetApp, Huawei Technologies, Hewlett-Packard, Dell, Hitachi Data Systems, Symantec, CA Technologies, and Oracle Corporation. The report on the storage software market also provides in-depth analysis of the key players in solutions and services ecosystems with their profiles, recent developments, key issues, global adoption trends, opportunities in market, and future growth potential.

This research report categorizes the global storage software market to forecast the revenues and analyze the trends in each of the following submarkets.

Global market size by software:

Data protection and recovery

Storage and device management

Storage replication

Archiving

Storage virtualization

Software defined storage

Storage infrastructure software

Global market size by deployment type:

Cloud

On-premises

Global market size by end users:

SMBs

Enterprises

Global market size by industry vertical:

Telecom and IT

Government

BFSI

Healthcare

Manufacturing

Retail

Global market size by region:

North America (NA)

Europe

Asia Pacific (APAC)

Middle East and Africa (MEA)

Latin America (LA)

Storage Software Market can be understood as a compendium of software vendor�s effectiveness in providing appropriate storage solution by analyzing the customer business. Storing data and recovering it in case of disaster are among the key aspect which helps in leveraging the customer experience. As data is growing with an enormous speed, organizations are compelled to seek help of IT and deploy storage solutions into their traditional system. This will help them to manage the primary as well as backup data.

Storage Software Market today are dynamic and can be customized according to customers need. Storage software encompasses the processes that organizations adopt to improve the performance of their data storage resources. Majorly, storage solution is a comprehensive combination of virtualization, replication, device management, data analysis, automation, and related techniques. Today, the amount of data that is being stored on computers today are tripling every year, hence forcing organizations to enhance their capacity to store the data. But, tripling the storage capacity every year for any organization will not be cost effective. Therefore, to diminish this cost and improving capacity of storage, companies turn to a variety of storage management solutions.

This study is done to understand the structure of the storage software market and is intended to help the software vendors, hardware vendors, and different industry verticals to better serve its clients � telecom operators and enterprises. The overall market size in this study has been defined by considering the revenues generated by the vendors which offer storage software solution.

Various software type which have been considered while deriving the software market size include data protection and recovery, storage and device management, storage replication, archiving, storage virtualization, software defined storage, and storage infrastructure software. Additionally, various deployment types and end users have been considered while deriving the market including on-premises and cloud, SMBs and enterprises. Further, the various industry verticals such as telecom and IT, government, BFSI, healthcare, manufacturing, and retail are covered. The overall storage software market size has been further segmented into user types which are present across all the regions, namely North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

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%.

Global Storage Software: Market Size and Forecast, 2014 - 2019 ($Billion)

Source: MarketsandMarkets Analysis