Global Storage Software Market Trends, Forecast Report 2025-2037
Storage Software Market size was over USD 28.7 billion in 2024 and is set to reach USD 69.6 billion by the end of 2037, witnessing around 7.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of storage software is evaluated at USD 29.7 billion.
The Producer Price Index (PPI) for software publishing is a key economic indicator of the sector. The U.S. Bureau of Labor Statistics data highlights that the PPI steadily increased from 2022 to 2024, reflecting an increase of 8.3%. The PPI’s rise highlights increasing costs of labor and production in software engineering and R&D activities. On the consumer side, the Consumer Price Index (CPI) for software and IT-related services (CUUR0000SEEE01) highlights a parallel trend. There has been a 6.4% increase in average consumer costs between 2022 and 2024, highlighting growing end user price sensitivity.
The storage software market’s supply chain is primarily digital, but also depends on physical infrastructure such as semiconductors, servers, and data centers. As per the U.S. Census Bureau and International Trade Administration, the imports of server components and network devices expanded by 12.4% annually in 2023, with economies in APAC such as China, Taiwan, and South Korea accounting for over 65% of the component supply. Additionally, the exports of software-related intellectual property have also grown. The trade balance is impacted by the rising global demand for customized storage software. With a growing push to invest in digital economies, the market’s growth is projected to exhibit an upward curve by the end of 2037.
