How Has the Database Storage And Backup Software Publishing Market Size Evolved in Recent Years?
The database storage and backup software publishing market has seen considerable growth due to a variety of factors.
• The market size of database, storage & backup software publishing has been expanding rapidly in the recent past. It's set to increase from $304.49 billion in 2024 to $341.99 billion in 2025 with a compound annual growth rate (CAGR) of 12.3%.
Factors such as data explosion, concerns about cybersecurity, the use of virtualization and containerization, cloud adoption, and adherence to compliance and regulations have all contributed to the growth during the preceding period.
What are the Market Size and Expected Growth Rates for the Database Storage And Backup Software Publishing Market?
The database storage and backup software publishing market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the database, storage & backup software publishing market is projected to witness robust growth. It is anticipated to grow up to $493.74 billion by 2029, with a compound annual growth rate (CAGR) of 9.6%.
Factors such as edge computing, AI and machine learning integration, ransomware threats, digital transformation, and IoT proliferation largely contributes to the growth during the forecast period. The major trends expected during the forecast period include the adoption of hybrid and multi-cloud, data governance and management, sustainability and green computing, containerization and microservices, user experience enhancement, resilience testing and automation.
Which Key Drivers Are Propelling The Database Storage And Backup Software Publishing Market's Growth?
The escalating need for data storage is presumed to impel the expansion of the database, storage, and backup software publishing market in the future. Storing data involves documenting and securing digital data on a physical platform. Database software, on the other hand, aids in organizing and handling substantial amounts of data. It offers a method to store data in an orderly and accessible format, therefore, simplifying the process of locating and accessing particular information. Backup software aids in the formation and preservation of data duplicates to counter data loss or corruption. For example, as per the Korea Data Center Council (KDCC), the cumulative capacity of IT load at colocation data centers came to 430 MW at 2020's end, constituting 11% of the total IT load in APAC (Asia-Pacific). By 2029, it is anticipated that South Korea's data center market will achieve 2,000 MW in IT load capacity, 5 million sq. ft in raised floor area, and 270,000 racks, with the majority of these racks being situated in Greater Seoul. Hence, the increasing need for data storage is facilitating the expansion of the database, storage, and backup software publishing market.
What Are The Key Segments Within The Global Database Storage And Backup Software Publishing Market?
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 Or 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
Subsegments:
1) By Database Software: Relational Database Management Systems (RDBMS), NoSQL Databases, Cloud Databases, In-Memory Databases, Data Warehousing Solutions, Other Database Software
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
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
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What Trends Are Reshaping The Future Of The Database Storage And Backup Software Publishing Market?
Leading firms in the database, storage, and backup software publishing market are shifting their focus towards the development of novel solutions like secure cloud storage services, aiming to improve data security and accessibility. Secure cloud storage is an online solution where data is preserved on distant servers, accessible via the internet, and safeguarded by sophisticated encryption and safety procedures. For example, Veeam Software, an IT firm from the US, launched Veeam Data Cloud Vault in June 2024, a secure cloud storage service meant to protect backup data with features like unchangeable and encrypted storage, thereby enhancing its immunity to cyber threats. This fully operated service is based on Microsoft Azure and adopts a predictable subscription pricing model, inclusive of all required API calls. It smoothly dovetails with Veeam Backup & Replication, empowering organizations to elevate their backup plans while streamlining management.
Who Are the Key Players In The Database Storage And Backup Software Publishing Market?
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.
What Are The Regional Insights Into The Database Storage And Backup Software Publishing Market?
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.
