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Storage Software Market Trends

  • Report ID: 2976
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

Storage Software Market Trends

Growth Drivers

  • Growing Volume of Unstructured Data
  • Increasing Consciousness among Organizations for Storage Virtualization

Challenges

  • Rising Concerns about Data Privacy and Governance
  • Shortage of Skilled Manpower to Manage the Transition towards Storage Software Technology

Storage Software Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

7.2%

Base Year Market Size (2023)

USD 26.13 billion

Forecast Year Market Size (2036)

USD 64.52 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 2976
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing volume of unstructured data and the increasing consciousness among organizations for storage virtualization are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Rising concerns about data privacy and governance and shortage of skilled manpower to manage the transition towards storage software technology are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the rising demand for automation in the countries of the region.

The major players dominating the storage software market are Red Hat, EMC, IBM, and NetApp among others.
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