Press release
Strategic Forecast for the Storage And Backup Software Industry: Market Outlook 2025-2034
Storage And Backup Software Market
Storage And Backup Software Market Size Growth Forecast: What to Expect by 2025?
The market size for storage and backup software has seen a swift expansion in the previous years. This market is projected to escalate from a value of $32.9 billion in 2024 to approximately $37 billion in 2025, achieving a compound annual growth rate (CAGR) of 12.5%. The progression during the historic phase can be credited to factors such as virtualization and cloud computing, the modernization of enterprise IT, disaster recovery strategies, the surge in data quantities, and necessities surrounding data security and compliance.
How Will the Storage And Backup Software Market Size Evolve and Grow by 2029?
Expectations for the storage and backup software market forecast suggest a robust growth over the coming years, with a projected worth of $53.56 billion in 2029 and a CAGR of 9.7%. This projected growth in the forecast period is believed to be driven by the adoption of hybrid and multi-cloud, escalating dangers of ransomware and other cybersecurity threats, advancements in edge computing, and the rise of data analytics and AI. Key emerging trends during this forecast period include the implementation of hybrid and multi-cloud strategies, the harnessing of artificial intelligence and machine learning, the emergence of software-defined storage (SDS), backup as a service (BaaS) and disaster recovery as a service (DRaaS).
View the full report here:
https://www.thebusinessresearchcompany.com/report/storage-and-backup-software-global-market-report
What Drivers Are Propelling the Growth of Storage And Backup Software Market Forward?
The anticipated rise in data volumes, coupled with organizations' increasing consciousness regarding data backup and protection, is predicted to favor the storage and backup software market throughout the upcoming years. Further propelling the market's growth is the escalating adoption of cloud-based technologies and the universal need for storage and protection among all businesses. As a case in point, projections suggest that over 72% of worldwide companies will transition from on-premise data centers to cloud storage by 2022.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2376&type=smp
Which Emerging Trends Are Transforming the Storage And Backup Software Market in 2025?
The incorporation of artificial intelligence (AI) centric applications is one of the emerging trends in the storage and backup software industry. These applications, a product of computer science that mimics human intelligence, independently generate and safeguard data. Prior to incorporating informative bits into a database, the source is validated by these AI applications. They also enhance database management strategies, coordinate data with database abilities, and evaluate metadata within an organization's storage framework. An illustration of this is seen in Commvault, a significant player in the storage and backup software sector, which has launched a new backup and recovery software that operates using AI. These technologies make the backup and recovery of data more streamlined and effective by examining user patterns and performance.
What Are the Key Segments in the Storage And Backup Software Market?
The storage and backup software market covered in this report is segmented -
1) By Type: Storage Software, Backup Software
2) By Deployment: Cloud, On-premise
3) By End User: Banking, Financial Services And insurance (BFSI), Telecommunication, Consumer goods And retail, Media And Entertainment, Healthcare And life Sciences, Government
Subsegments:
1) By Type: Storage Software, Backup Software
2) By Deployment: Cloud, On-Premise
3) By End User: Banking, Financial Services And Insurance (BFSI), Telecommunication, Consumer Goods And Retail, Media And Entertainment, Healthcare And Life Sciences, Government
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2376&type=smp
Who Are the Key Players Shaping the Storage And Backup Software Market's Competitive Landscape?
Major companies operating in the storage and backup software market include Dell Inc., Hewlett Packard Enterprise Company, Netapp Inc., Hitachi ltd., Huawei Technologies Co Ltd., International Business Machines Corporation, Toshiba Corporation, Pure Storage Inc., Nutanix Inc., Micron Technology Inc., Tintri Inc., Quest Software Inc., Cloudian Inc., Vembu Technologies Pvt Ltd., Quantum Corporation, OwnBackup, Samsung Electronics Co Ltd., Fujitsu Ltd., Vmware Inc., Cohesity Inc., Nexenta, Netgear Inc., Inspur Group, Oracle Corporation, Acronis International GmbH, Commvault, CA Technologies Inc., Syspro Technologies, Brightpearl Limited, CloudAlly
What Geographic Markets Are Powering Growth in the Storage And Backup Software Market?
Asia-Pacific was the largest region in the storage and backup software market in 2023. North America was the second largest region if the storage and backup software market. The regions covered in the storage and backup software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2376
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strategic Forecast for the Storage And Backup Software Industry: Market Outlook 2025-2034 here
News-ID: 4151372 • Views: …
More Releases from The Business Research Company
Consistent Growth Projected for Social-To-Earn Network Market, Reaching $7.34 Bi …
What Is the Projected Size of the Social-To-Earn Network Market by 2025?
The social-to-earn network sector has witnessed substantial, rapid expansion lately, with projections showing a rise from a valuation of $2.30 billion in 2024 to $2.91 billion the following year, reflecting a consistent compound annual growth rate (CAGR) of 26.4% across the forecast timeframe. This historical upward trajectory is fundamentally driven by several interconnected factors: enhanced global access to mobile…
Accelerated Digital Transformation Fuels Expansion in the Smart Ferry Electrific …
How Much Is the Smart Ferry Electrification Market Expected to Expand by 2025?
The sphere of smart ferry electrification has witnessed swift expansion lately, projected to advance from a valuation of $1.24 billion in 2024 to $1.42 billion in 2025, demonstrating a compound annual growth rate (CAGR) calculated at 14.9%. This expansion across the historical timeframe is linked to several key factors, including the increasing availability of governmental support and financial…
2025-2034 Single Port DC Wallbox Charger Market Evolution: Emerging Opportunitie …
What Is the Projected Size of the Single Port DC Wallbox Charger Market by 2025?
The market scope for single-port DC wallbox chargers has seen substantial recent expansion; specifically, its valuation is projected to increase from $1.03 billion in 2024 to reach $1.22 billion by 2025, reflecting a compound annual growth rate of 17.9%. This historical upswing is primarily driven by surging electric vehicle sales across the globe, the increasing deployment…
Shelf Image Recognition Artificial Intelligence Market Poised for Robust Growth, …
How Much Is the Shelf Image Recognition Artificial Intelligence Market Expected to Expand by 2025?
The artificial intelligence market focused on recognizing items on shelves has experienced a remarkable surge lately; this segment is projected to expand from generating $1.43 billion in 2024 to reaching $1.82 billion in 2025, reflecting an impressive compound annual growth rate of 26.8%. This substantial expansion observed during the past period stems from several key factors,…
More Releases for Software
Takeoff Software Market May See a Big Move | Sage Software, Bluebeam Software, Q …
Latest Study on Industrial Growth of Takeoff Software Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Takeoff Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments…
Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028.
Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452…
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market Analysis by Top Key Players – Zenefits Software, Kronos Sof …
HR software helps HR personnel automate many necessary tasks, such as maintaining employee records, time tracking, and benefits, which allows HR professionals to focus on recruiting efforts, employee performance and engagement, corporate wellness, company culture, and so on. These human management tools can be purchased and implemented as on premise or cloud-based software.
This market studies report on the Global HR Software Market is an all-inclusive study of the enterprise sectors…
