Storage Software Segmentation
Software Type (Data Protection & Recovery, Storage Virtualization)
The data protection & recovery segment in the storage software market is projected to hold a dominant revenue share of 52.6% throughout the forecast timeline. The segment’s expansion is attributed to the stringent data privacy regulations worldwide. GDPR of the European Union and CCPA of the U.S. are examples of two such regulations that have mandated strong data backup to prevent data loss. To comply with the regulations, the demand for storage software solutions, and within it, data protection and recovery services is predicted to soar by the end of 2037. Additionally, the U.S. NIST has reported that organizations that have implemented robust data recovery strategies reduce downtime by over 58%.
Deployment Type (Cloud, On-Premise, Hybrid)
Hybrid deployment models in the storage software market are projected to expand their revenue share during the forecast timeline. The surge of hybrid deployment is attributed to the flexibility it offers to balance the control of on-premise with the scalability of cloud. Hybrid models are gaining popularity in federal organizations, with the U.S. Government Accountability Office reporting that over 60% of federal agencies adopted hybrid cloud strategies by the end of 2024. Additionally, with a greater number of enterprises seeking data sovereignty, the hybrid deployment is poised to increase.
Organization Size (Large Enterprises, Small & Medium Enterprises)
The SME segment is projected to exhibit robust growth during the anticipated timeline. SMEs across the world are proactively investing in cost-effective storage solutions to keep pace with digital transformation. For instance, the Small Business Administration has noted that since 2023, more than 70% of SMEs have bolstered cloud adoption. The segment’s expansion highlights a broader trend of the rising importance of tailored storage solutions that can cater to SMEs.
Our in-depth analysis of the global storage software market includes the following segments:
|
Software Type |
|
|
Deployment Type |
|
|
Organization Size |
|
|
Vertical |
|
