Storage Software Market Size

Storage Software Market size was over USD 28.01 billion in 2024 and is anticipated to cross USD 69.16 billion by 2037, witnessing more than 7.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of storage software is estimated at USD 29.72 billion.

The growing volume of unstructured data, along with the increasing consciousness among organizations for storage virtualization are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as proliferation of internet of things (IoT) across the world which has increased the data generated at the edge considerably. It is estimated that more than 72% of the global enterprises will shift to cloud storage from on-premise data centers, by 2022.