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