Global Storage And Backup Software Market Size And Growth Rates Research Report
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The global storage and backup software market was valued at about $9.75 billion in 2018 and is expected to grow to $14.23 billion at a CAGR of 9.9% through 2022. Growing volume of data and the awareness among organizations to backup and protect their data are expected to benefit the storage and backup software market in the forecast period. In addition, the growing adoption of cloud-based technologies, and the need for storage and protection across all enterprises are also driving the growth of storage and backup software market.
The storage and backup software market consists of sales of storage and backup software. The software provides users and programmers with a systematic way to create, retrieve, update and manage data. This software allows users to read, update and delete data, which can then be fetched directly and/or through programmatic access.
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The global storage and backup software market is further segmented based on type and geography.
By Type - The storage and backup software market is segmented into storage software, backup software.
By Geography - The global storage and backup software is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Amongst these, The storage and backup software market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for storage and backup software and is expected to continue to be the largest market during the forecast period.
Trends In The Storage And Backup Software Market
One of the latest trends in the storage and backup software market is the adoption of artificial intelligence (AI) based applications which can create, store and protect data. Artificial intelligence is an area of computer science which simulates human intelligence. AI based applications create information on their own and verify the source of information before composing bits of knowledge to a database. These applications can also refine database management policies, align data to database capabilities and assess metadata across organization storage infrastructure.
Major players in the storage and backup software market include Dell Inc., HPE, Netapp, Hitachi and IBM.
Storage And Backup Software Global Market Report 2019 is one of a series of new reports from The Business Research Company that provides storage and backup software market overviews, analyzes and forecasts storage and backup software market size and growth for the global storage and backup software market, storage and backup software market share, storage and backup software market players, storage and backup software market size, storage and backup software market segments and geographies, storage and backup software market trends, storage and backup software market drivers and storage and backup software market restraints, storage and backup software market’s leading competitors’ revenues, profiles and market shares. The storage and backup software market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More
Read Storage And Backup Software Global Market Report 2019 from The Business Research Company for information on the following:
Markets Covered: global storage and backup software market
Data Segmentations: Storage and backup software market size, global and by country; historic and forecast size, and growth rates for the world, 7 regions and 12 countries
Storage And Backup Software Market Organizations Covered: Dell Inc., HPE, Netapp, Hitachi and IBM.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Time Series: Five years historic (2014-18) and forecast (2018-22).
Other Information And Analyses: PESTEL analysis, storage and backup software market customer information, storage and backup software market product/service analysis – product examples, storage and backup software market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global storage and backup software market in 2019 - countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Storage And Backup Software Industry: the report explains a number of strategies for companies in the storage and backup software market, based on industry trends and company analysis.
Opportunities For Companies In The Storage And Backup Software Sector: The report reveals where the global storage and backup software industry will put on most $ sales up to 2022.
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