Press release
Archiving Software Market expected to Witness a Sustainable Growth over 2017 - 2027
Increasing adoption of cloud services involving archiving is driving the demand of archiving software market. As companies continue to move production data to public cloud services, the demand for public cloud archiving software is expected to increase. Moreover, with increasing usage of public cloud services for data storage by companies, the requirement for backup creates demand for software providing second copies including archiving software. This will result in maintaining diverse data sets across multiple cloud servers, so as to minimize the risk of data loss.
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Regional Overview
On the basis of geography, archiving software market can be segmented into seven key markets namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. North America region is expected to dominate the market of archiving software because of established banking and IT sector in the region. North America region is expected to be followed by Western Europe and APEJ. APEJ is expected to drive the demand for archiving software, supported by established IT and banking sector in countries such as India, China and ASEAN.
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Increasing usage of cloud services for data storage, increasing amount of data to be stored, the requirement for data backups etc. are some factors driving the demand of archiving software market. Cost reduction of these archiving software is also expected to boost the demand for archiving software market. However, factors affecting the demand for archiving software includes the availability of alternative technologies such as storage virtualization, older archiving applications etc.
Competitive Landscape
Major players in the field of archiving software include Hewlett-Packard Enterprise Company, Symantec Corporation, NetApp, Inc., International Business Machines Corporation Company (IBM), Jatheon Technologies Inc., AXS-One Inc. etc.
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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