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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Market Dynamics

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.

Company Profiles

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

• Broadcom Inc. - The company is involved in offering solutions that support the broadest range of storage platforms including IBM, EMC, Hitachi Data Systems, and many more.
• Cisco Systems Inc.- The company is involved in offering solutions scale from terabytes to petabytes and ensures compatibility and validation.
• Data Dynamics Inc - The company is involved in offering unified unstructured data management platforms that secures the data and enables compliance.

Competitive Analysis

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.

Market Segmentation

• By Deployment, the market is classified as On-premise and Cloud-based. The storage management software market share growth by the on-premise segment has been significant.
• By Geography, the market is classified as North America, APAC, Europe, MEA, and South America. APAC will have the largest share of the market.

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