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Report
Storage Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 145 Pages I IMARC Group
Market Overview:
The global storage software market size reached US$ 24.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
Storage software refers to an application-based storage architecture that manages storage on a data center, private cloud or virtualization platform. It enables a user to monitor and manage existing data storage requirements and predict future needs. The software is majorly used for data protection and recovery, device management, storage replication and virtualization and archiving. It can automatically make necessary adjustments based on the capacity needs of the user and perform tasks, create new connections and operate hardware without needing the administrator's intervention. In comparison to the traditionally used tools, such as network-attached (NAS) and storage area network (SAN) systems, SDS minimizes the software's dependency on the proprietary hardware. Owing to this, it finds extensive applications across various industries, including telecommunications, information technology (IT), banking, financial services and insurance (BFSI), manufacturing and retail.
The emerging trend of digitization, along with the increasing adoption of cloud-based storage software, is one of the key factors driving the growth of the market. With a rapid increase in the volume of digital data generated by the organizations, there is widespread adoption of storage software to manage unstructured and disorganized data. In line with this, the integration of automation across industries is also providing a boost to the market growth. Various technological advancements, such as the development of the Internet of Things (IoT), have enabled organizations to store their data on the cloud and access it remotely, which is also contributing to the market growth. Additionally, the advent of hyper-converged infrastructure technology is acting as another major growth-inducing factor. This technology runs storage, computational activities and networking systems in a virtualized environment for space optimization and optimal utilization of resources.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global storage software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on software type, deployment type, organization size and vertical.
Breakup by Software Type:
Data Protection and Recovery
Storage and Device Management
Storage Replication
Archiving
Storage Virtualization
Software Defined Storage
Storage Infrastructure
Others
Breakup by Deployment Type:
Cloud-based
On-premises
Breakup by Organization Size:
Small and Medium Enterprises
Large Enterprises
Breakup by Vertical:
BFSI
Healthcare
Manufacturing
Retail
IT and Telecom
Government
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Broadcom Inc., Citrix Systems, Inc., Dell Technologies, Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Hitachi Vantara LLC, Huawei Technologies Co. Ltd, International Business Machines Corporation, NetApp, Inc., Oracle Corporation and Western Digital Technologies, Inc.
Key Questions Answered in This Report:
How has the global storage software market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global storage software market?
What is the breakup of the market based on the software type?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global storage software market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Storage Software Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Software Type
6.1Data Protection and Recovery
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Storage and Device Management
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Storage Replication
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Archiving
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Storage Virtualization
6.5.1 Market Trends
6.5.2 Market Forecast
6.6Software Defined Storage
6.6.1 Market Trends
6.6.2 Market Forecast
6.7Storage Infrastructure
6.7.1 Market Trends
6.7.2 Market Forecast
6.8Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Deployment Type
7.1Cloud-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2On-premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Organization Size
8.1Small and Medium Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Vertical
9.1BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Healthcare
9.2.1 Market Trends
9.2.2 Market Forecast
9.3Manufacturing
9.3.1 Market Trends
9.3.2 Market Forecast
9.4Retail
9.4.1 Market Trends
9.4.2 Market Forecast
9.5IT and Telecom
9.5.1 Market Trends
9.5.2 Market Forecast
9.6Government
9.6.1 Market Trends
9.6.2 Market Forecast
9.7Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Broadcom Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2Citrix Systems, Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3Dell Technologies, Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4Fujitsu Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5Hewlett Packard Enterprise Development LP
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6Hitachi Vantara LLC
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7Huawei Technologies Co. Ltd
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8International Business Machines Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9NetApp, Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10Oracle Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11Western Digital Technologies, Inc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
Figure 1: Global: Storage Software Market: Major Drivers and Challenges
Figure 2: Global: Storage Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Storage Software Market: Breakup by Software Type (in %), 2022
Figure 4: Global: Storage Software Market: Breakup by Deployment Type (in %), 2022
Figure 5: Global: Storage Software Market: Breakup by Organization Size (in %), 2022
Figure 6: Global: Storage Software Market: Breakup by Vertical (in %), 2022
Figure 7: Global: Storage Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Storage Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Storage Software (Data Protection and Recovery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Storage Software (Data Protection and Recovery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Storage Software (Storage and Device Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Storage Software (Storage and Device Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Storage Software (Storage Replication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Storage Software (Storage Replication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Storage Software (Archiving) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Storage Software (Archiving) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Storage Software (Storage Virtualization) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Storage Software (Storage Virtualization) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Storage Software (Software Defined Storage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Storage Software (Software Defined Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Storage Software (Storage Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Storage Software (Storage Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Storage Software (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Storage Software (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Storage Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Storage Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Storage Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Storage Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Storage Software (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Storage Software (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Storage Software (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Storage Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Storage Software (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Storage Software (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Storage Software (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Storage Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Storage Software (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Storage Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Storage Software (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Storage Software (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Storage Software (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Storage Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Storage Software (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Storage Software (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Storage Software (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Storage Software (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia Pacific: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia Pacific: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: Storage Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: Storage Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Global: Storage Software Industry: SWOT Analysis
Figure 96: Global: Storage Software Industry: Value Chain Analysis
Figure 97: Global: Storage Software Industry: Porters Five Forces Analysis
Table 1: Global: Storage Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Storage Software Market Forecast: Breakup by Software Type (in Million US$), 2023-2028
Table 3: Global: Storage Software Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: Storage Software Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 5: Global: Storage Software Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 6: Global: Storage Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Storage Software Market Structure
Table 8: Global: Storage Software Market: Key Players
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