Global Database, Storage & Backup Software Publishing Market Trends 2024, Forecast To 2033
10 Jan, 2024
The market for database, storage, and backup software publishing has witnessed rapid growth, expanding from $255.86 billion in 2023 to $284.77 billion in 2024, with an 11.3% CAGR. Historical growth is attributed to the surge in data volumes, cybersecurity concerns, virtualization, containerization, cloud adoption, and compliance with regulations. Expectations for the future are robust, with the market projected to reach $456.85 billion in 2028, reflecting a 12.5% CAGR. Key drivers include the proliferation of edge computing, integration of AI and machine learning, rising threats of ransomware, digital transformation, and the increasing adoption of the Internet of Things (IoT). Notable trends include the adoption of hybrid and multi-cloud solutions, emphasis on data governance and management, sustainability, green computing, containerization, microservices, and advancements in user experience.
Global Database, Storage & Backup Software Publishing Market Key Driver
The increasing demand for data storage propels the growth of the database, storage, and backup software publishing market. Data storage involves recording digital data, and database software aids in organizing and managing large data sets. Backup software ensures data integrity. With a substantial increase in commercial data center capacity, the market is poised for growth.
Get A Free Sample Of The Global Database, Storage & Backup Software Publishing Market ReportGlobal Database, Storage & Backup Software Publishing Market Segments
The database, storage & backup software publishing market covered in this report is segmented –
1) By Type: Database Software, Middleware Software, Storage And Backup Software
2) By Deployment Model: On-Demand/Cloud, On-Premise
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
By Geography: 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. Among these regions
Asia-Pacific was the largest region in database, storage & backup software publishing market in 2023. 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.
Major Database, Storage & Backup Software Publishing Industry Players
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.
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Database, Storage & Backup Software Publishing Market Overview
Database software is designed to create databases and store, manage, search, and retrieve information. Storage & Backup Software is an application used to store data, make duplicate copies of the data to protect it, and make it recoverable in the event of loss, damage, or malware infection.
Database, Storage & Backup Software Publishing Global Market Report 2023 provides data on the global database, storage & backup software publishing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The database, storage & backup software publishing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.