NEW YORK, Nov. 26, 2021 /PRNewswire/ -- Technavio's latest research report on the Storage Management Software Market offers a comprehensive analysis of new product launches, the latest trends, drivers & challenges. The storage management software market is estimated to grow by USD 10.64 billion from 2020 to 2025 at a CAGR of 10.09%. 40% of the market's growth will originate from APAC. China and Japan are the key markets for storage management software in the region. The growing demand for storage virtualization will facilitate the storage management software market growth in APAC.
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Factors such as increase in volume of data will be crucial in driving the growth of the market. But, the cyber attacks will restrict the market growth. This storage management software market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
The storage management software market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The storage management software market report provides complete insights on key vendors including Broadcom Inc., Cisco Systems Inc., Data Dynamics Inc., Dell Technologies Inc., Hitachi Ltd., HP Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., NetApp Inc., and Oracle Corp.
Few Companies with Key Offerings
- Broadcom Inc. - The company is involved in offering solutions that support the broadest range of storage platforms including IBM, EMC, Hitachi Data Systems, and many more.
- Cisco Systems Inc.- The company is involved in offering solutions scale from terabytes to petabytes and ensures compatibility and validation.
- Data Dynamics Inc - The company is involved in offering unified unstructured data management platforms that secures the data and enables compliance.
The competitive scenario provided in the storage management software market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
- By Deployment, the market is classified as On-premise and Cloud-based. The storage management software market share growth by the on-premise segment has been significant.
- By Geography, the market is classified as North America, APAC, Europe, MEA, and South America. APAC will have the largest share of the market.
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Storage Management Software Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 10.09%
Market growth 2021-2025
USD 10.64 billion
YoY growth (%)
North America, APAC, Europe, MEA, and South America
Performing market contribution
APAC at 40%
Key consumer countries
US, China, Canada, Japan, and UK
Leading companies, competitive strategies, consumer engagement scope
Broadcom Inc., Cisco Systems Inc., Data Dynamics Inc., Dell Technologies Inc., Hitachi Ltd., HP Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., NetApp Inc., and Oracle Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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