Storage Management Software Market to grow by USD 10.64 bn from 2020 to 2025 |Evolving Opportunities with Broadcom Inc., Cisco Systems Inc. & Data Dynamics Inc|17000+ Technavio Reports
NEW YORK, Nov. 26, 2021 /PRNewswire/ -- Technavio's latest research report on the Storage Management Software Market offers a comprehensive analysis of new product launches, the latest trends, drivers & challenges. The storage management software market is estimated to grow by USD 10.64 billion from 2020 to 2025 at a CAGR of 10.09%. 40% of the market's growth will originate from APAC. China and Japan are the key markets for storage management software in the region. The growing demand for storage virtualization will facilitate the storage management software market growth in APAC.
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Factors such as increase in volume of data will be crucial in driving the growth of the market. But, the cyber attacks will restrict the market growth. This storage management software market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
The storage management software market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The storage management software market report provides complete insights on key vendors including Broadcom Inc., Cisco Systems Inc., Data Dynamics Inc., Dell Technologies Inc., Hitachi Ltd., HP Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., NetApp Inc., and Oracle Corp.
Few Companies with Key Offerings
The competitive scenario provided in the storage management software market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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