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What Is The Leading Driver Behind Growing Demand For Data Storage Market Expansion in 2025
Database, Storage & Backup Software Publishing
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What Is the Expected CAGR for the Database, Storage & Backup Software Publishing Market Through 2025?_x000D_
The market size of database, storage & backup software publishing has witnessed a substantial rise over the last few years. It is projected to rise from $283.41 billion in 2024 to $308.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.8%. Factors such as the explosion of data, concerns over cybersecurity, the rise of virtualization and containerization, adoption of cloud technologies, compliance and regulations have contributed to the growth seen in the historical period._x000D_
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What's the Projected Size of the Global Database, Storage & Backup Software Publishing Market by 2029?_x000D_
The market size for database, storage & backup software publishing is forecasted to undergo significant growth in the forthcoming years, expanding to a value of $430.7 billion by 2029 and achieving a compound annual growth rate (CAGR) of 8.7%. Factors contributing to the projected growth during this forecast period include the advent of edge computing, the incorporation of AI and machine learning, imminent ransomware threats, the progression of digital transformation, and the spread of IoT. The key market trends anticipated in this period encompass the adoption of hybrid and multi-cloud, the practice of data governance and management, the focus on sustainability and green computing, the use of containerization and microservices, the improvement in user experience, and the emphasis on resilience testing and automation._x000D_
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Top Growth Drivers in the Database, Storage & Backup Software Publishing Industry: What's Accelerating the Market? _x000D_
The escalating need for data storage is anticipated to drive the expansion of the database, storage, and backup software publishing market in the future. The process of data storage entails the recording and conservation of digital data on a tangible medium. Database software plays a key role in the organization and management of vast quantities of data; it offers a method to store data in an organized, searchable format, simplifying the process of finding and recovering particular data segments. Backup software is vital in creating and preserving copies of data, providing protection in cases of data loss or corruption. For instance, as reported by the Korea Data Center Council (KDCC), colocation data centers' total IT load capacity was 430 MW by the end of 2020, representing 11% of the total Asia-Pacific IT load. By 2029, the South Korean data center market is projected to hit 2,000 MW in IT load capacity, cover 5 million sq. ft in raised floor space, and house 270,000 racks, with Greater Seoul accommodating the highest number of racks. Consequently, the rising demand for data storage is fueling the growth of the database, storage, and backup software publishing market._x000D_
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What Trends Will Shape the Database, Storage & Backup Software Publishing Market Through 2029 and Beyond?_x000D_
Key players in the field of database, storage, and backup software publishing such as Veeam Software, are directing their energies towards the development of innovative solutions like secure cloud storage services to bolster data protection and facilitate accessibility. Secure cloud storage is an online storage method that entails storing data on distant servers, which can be accessed through the internet and safeguarded by sophisticated encryption and security procedures. In a move that illustrates this trend, Veeam Software, a US based IT firm, rolled out the Veeam Data Cloud Vault in June 2024. This service, designed to protect backup data, comes equipped with various features like encrypted and non alterable storage, making it hardy against potential cyber threats. The cloud storage solution, which is fully managed and based on Microsoft Azure, offers a predictable subscription pricing scheme inclusive of all essential API calls. Furthermore, it seamlessly integrates with Veeam Backup & Replication, enabling businesses to improve their backup strategies and streamline management._x000D_
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What Are the Main Segments in the Database, Storage & Backup Software Publishing Market?_x000D_
The database, storage & backup software publishingmarket covered in this report is segmented - _x000D_
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1) By Type: Database Software, Middleware Software, Storage And Backup Software _x000D_
2) By Deployment Model: On-Demand Or Cloud, On-Premise _x000D_
3) By End-User Industry: BFSI, Media And Entertainment, IT And Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Other End-User Industries _x000D_
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Subsegments:_x000D_
1) By Database Software: Relational Database Management Systems (RDBMS), NoSQL Databases, Cloud Databases, In-Memory Databases, Data Warehousing Solutions, Other Database Software _x000D_
2) By Middleware Software: Message Oriented Middleware (MOM), Object Request Brokers (ORBs), Enterprise Service Bus (ESB), Transaction Processing Monitors (TPMs), Integration Middleware, Other Middleware Software _x000D_
3) By Storage And Backup Software: Backup And Recovery Software, Cloud Storage Solutions, Disaster Recovery Software, Data Archiving Software, Network-Attached Storage (NAS) Software, Other Storage And Backup Software _x000D_
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Which Top Companies are Driving Growth in the Database, Storage & Backup Software Publishing Market?_x000D_
Major companies operating in the database, storage & backup software publishing market include Google LLC, Broadcom Inc., NetApp Inc., NEC Corporation, Altice Europe N.V., Commvault Systems Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Hewlett Packard Enterprise Company, Dell Inc., Veritas Technologies LLC, Veeam Software AG, Rubrik Inc., Cohesity Inc., Acronis International GmbH, Carbonite Inc., Arcserve LLC, Unitrends Inc., Actifio Inc., Zerto Ltd., Nakivo Inc., Druva Inc., Asigra Inc., StorageCraft Technology Corporation, Barracuda Networks Inc., Micro Focus International plc, Quest Software Inc., Red Hat Inc., Vembu Technologies Pvt. Ltd._x000D_
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Which Regions Will Dominate the Database, Storage & Backup Software Publishing Market Through 2029?_x000D_
Asia-Pacific was the largest region in database, storage & backup software publishing market in 2024. North America was the second largest region in database, storage & backup software publishing market. The regions covered in the database, storage & backup software publishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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