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According to the latest report by IMARC Group, the global storage software market reached a strong growth in 2020.<br>Storage software refers to an essential component of data management that uses an application-based storage architecture to store large amounts .
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Global Storage Software Market Research and Upcoming Forecast Report Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description GLOBAL Storage Software Market Outlook: According to the latest report by IMARC Group, titled "Storage Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global storage software market reached a strong growth in 2020. Storage software refers to an essential component of data management that uses an application-based storage architecture to store large amounts of data securely in private clouds, data centers or virtualization platforms. It is required to monitor and manage existing data storage needs while predicting future requirements. It is also employed to transfer the frequently needed data to the flash storage for enhanced convenience. The use of storage software reduces the dependency on underlying physical storage hardware. Its utilization consequently offers improved efficiency, faster scalability and greater flexibility by making storage resources programmable. As a result, it is widely employed across numerous industry verticals, including retail, manufacturing, banking, financial services and insurance (BFSI) and telecommunications.
Report Description and Highlights Report Description Global Storage Software Market Trends : The market is primarily driven by the increasing digitization across industries. This, along with the growing volume of digital data generated by organizations, is creating a positive outlook for the market. In line with this, storage software is widely being adopted by numerous companies in order to manage unstructured and disorganized data in an efficient manner. Numerous industries are gradually adopting automated processes to reduce manual labor and optimize the utilization of resources. This has catalyzed the demand for storage software to streamline and organize large amounts of crucial data. The market is further driven by the widespread adoption of the remote working model by various enterprises on account of the rapid outbreak of the coronavirus disease (COVID-19) pandemic across the globe. A majority of the organizations are offering work-from-home options to their employees in an attempt to effectively practice social distancing and avoid the transmission of the disease. Request Free Sample Report: https://www.imarcgroup.com/storage-software- market/requestsample
Report Description and Highlights Report Description This has created an escalating demand for remote data access, which, in turn, is providing an impetus to the market growth. Some of the other factors contributing to the market growth include technological advancements in the internet of things (IoT) and the introduction of hyper-converged infrastructure technology. Market Summary: Breakup by Premises type: • cloud-based • on-premises Breakup By Size: • • • Small enterprises Medium enterprises Large enterprises On account of these factors, the market is projected to grow at a CAGR of around 3% during the forecast period (2020-2025).
Report Description and Highlights Report Description Breakup By Vertical type: • BFSI • Healthcare • Manufacturing • Retail • IT and telecom • Government Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc.
Report Description and Highlights Report Description Competitive Landscape with Key Player: • Broadcom Inc. • Citrix Systems, Inc. • Dell Technologies Inc. • Fujitsu Limited • Hewlett Packard Enterprise Development LP • Hitachi Vantara LLC • Huawei Technologies Co. Ltd • International Business Machines Corporation • NetApp Inc. • Oracle Corporation • and Western Digital Technologies Inc. View Full Customization Report with TOC and List of figure : https://www.imarcgroup.com/storage- software-market
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