Storage Management Market

Storage Management Market by Deployment (On-premise and Cloud), Software (Storage Virtualization, Storage & Device Management, Data Protection & Recovery, Archiving, Storage Infrastructure Software, Software-defined Storage, and Storage Replication), Applications (Telecom Industry, Media & Entertainment, BFSI, and Government Organization), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3221
  • Author: Growth Market Reports
  • Rating: 4.4
  • Total Reviews: 2
  • No. Of Pages: 198
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The global storage management market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the high internet usage resulted in generation of high volume of data.

Storage Management Market

Storage management is a process that help make data storage easier through techniques or software. It tries to maximize and improve the efficiency of data storage resources. Storage management processes can deal with local or external storage, including storage area network, hard disk drive, network attached storage, and universal serial bus. Storage management system offers a various benefits to organizations, such as enhanced performance, higher availability, reduced operational expenses, and makes management easier. It have operational benefits to the organization by improving electronic data storage efficiency. It is used to monitor and track the storing performance effectiveness that enables device optimization and proactive management, which, in turn, helps the business to identify the unexploited capacity and use the space for future use.

The COVID-19 pandemic outbreak had positive impact on the market. During the pandemic, the work from home policy implemented by many organization, which resulted in increased demand for software of storage management system. Additionally, organizations across the globe are predicted towards data analysis, management, and storage solutions for managing the influx of data in the business sector.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising use of cloud-based system by organizations is one of the key factors driving the market growth.
  • Growing demand of storage virtualization from business sector is projected to boost the market during the forecast period.
  • Increasing concern related to data security acts as a major challenge that can restrict the market growth in the coming years.
  • Lack of experienced and skilled workforce is expected to hamper the market growth during the projected timeline.
  • Escalating demand of unified data accumulation management solution is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global storage management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Storage Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Deployment (On-premise and Cloud), Software (Storage Virtualization, Storage & Device Management, Data Protection & Recovery, Archiving, Storage Infrastructure Software, Software-defined Storage, and Storage Replication), and Applications (Telecom Industry, Media & Entertainment, BFSI, and Government Organization)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Hitachi Data Systems; Accenture PLC; Capgemini SE; Data Dynamics, Inc.; Micron Technology,Inc.; EMC Corp.;  NetApp, Inc.; Pure Storage;  Coraid, Inc.; Rackspace Redhat; Pivot3; Dell Technologies Inc.; IBM Corp.; Brocade Communications Systems Inc.; Cisco Systems, Inc.; InfoFort; Oracle Corp.; Hewlett-Packard Development Co. L.P.; Aptare, Inc.; CA Technologies, Inc.; Datacore; SanDisk; and OASIS Group

Market Segment Insights

Cloud segment to expand at robust growth rate

Based on deployment, the market is bifurcated into on-premise and cloud. The cloud segment is estimated to expand at robust growth rate during the forecast period due to these systems gives remote access to the data. Moreover, cloud based solutions are cost effective and requires no hardware set-up, which is driving the segment growth further. However, the on-premise segment is anticipated to expand at a substantial CAGR in the coming years attributed to the security issues associated with the cloud-based system and choice of organization to keep their data in their own facility.

Storage Management Market

Automation drives the software-defined storage segment

On the basis of software, the global storage management market is segregated into storage virtualization, storage & device management, data protection & recovery, archiving, storage infrastructure software, software-defined storage, and storage replication. The software-defined storage segment is projected to register at high CAGR in the projected timeline owing to flexibility, automation, and accelerates the speed of business. On the other hand, the storage virtualization segment is anticipated to register a substantial CAGR during the forecast period attributed to the faster rate of data transfer and cost effectiveness nature. Additionally, storage virtualization creates a better system workflow in organization and it allows more than one type of storage array is major driver of the segment.

Digitalization drive the BFSI segment

Based on applications, the market is divided into telecom industry, media & entertainment, BFSI, and government organization. The BFSI segment is expected to grow at a rapid pace during the forecast period due to the growing implementation of digitalization in banking sectors generates large volume of data which need to be stored and analyzed. On the other hand, the government organization segment is anticipated to expand at a substantial CAGR in the coming years owing to need for centralized management of data.

Storage Management Market

North America is to constitute a key market share

In terms of region, the global storage management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the presence of key global players in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the increasing awareness and demand from the end-use industries.

Storage Management Market

Segments

Segments Covered in the Report

The global storage management market has been segmented on the basis of

Deployments

  • On-premise
  • Cloud

Software

  • Storage Virtualization
  • Storage & Device Management
  • Data Protection & Recovery
  • Archiving
  • Storage Infrastructure Software
  • Software-defined Storage
  • Storage Replication

Applications

  • Telecom Industry
  • Media & Entertainment
  • BFSI
  • Government Organization

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Hitachi Data Systems
  • Accenture PLC
  • Capgemini SE
  • Data Dynamics, Inc.
  • Micron Technology, Inc.
  • EMC Corp.
  • NetApp, Inc.
  • Pure Storage
  • Coraid, Inc.
  • Rackspace Redhat
  • Pivot3
  • Dell Technologies Inc.
  • IBM Corp.
  • Brocade Communications Systems Inc.
  • Cisco Systems, Inc.
  • InfoFort
  • Oracle Corp.
  • Hewlett-Packard Development Co. L.P.
  • Aptare, Inc.
  • CA Technologies, Inc.
  • Datacore
  • SanDisk
  • OASIS Group

Competitive Landscape

Key players competing in the global storage management market are Hitachi Data Systems; Accenture PLC; Capgemini SE; Data Dynamics, Inc.; Micron Technology,Inc.; EMC Corp.;  NetApp, Inc.; Pure Storage;  Coraid, Inc.; Rackspace Redhat; Pivot3; Dell Technologies Inc.; IBM Corp.; Brocade Communications Systems Inc.; Cisco Systems, Inc.; InfoFort; Oracle Corp.; Hewlett-Packard Development Co. L.P.; Aptare, Inc.; CA Technologies, Inc.; Datacore; SanDisk; and OASIS Group. Companies are focusing on investment in R&D to develop systems with better performance and higher security. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Storage Management Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Storage Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Storage Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Storage Management Market - Supply Chain
  4.5. Global Storage Management Market Forecast
     4.5.1. Storage Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Storage Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Storage Management Market Absolute $ Opportunity
5. Global Storage Management Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Storage Management Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Storage Management Demand Share Forecast, 2019-2026
6. North America Storage Management Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Storage Management Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Storage Management Demand Share Forecast, 2019-2026
7. Latin America Storage Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Storage Management Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Storage Management Demand Share Forecast, 2019-2026
8. Europe Storage Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Storage Management Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Storage Management Demand Share Forecast, 2019-2026
9. Asia Pacific Storage Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Storage Management Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Storage Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Storage Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Storage Management Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Storage Management Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Storage Management Market: Market Share Analysis
  11.2. Storage Management Distributors and Customers
  11.3. Storage Management Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global storage management market has been segmented on the basis of

Deployments

  • On-premise
  • Cloud

Software

  • Storage Virtualization
  • Storage & Device Management
  • Data Protection & Recovery
  • Archiving
  • Storage Infrastructure Software
  • Software-defined Storage
  • Storage Replication

Applications

  • Telecom Industry
  • Media & Entertainment
  • BFSI
  • Government Organization

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Hitachi Data Systems
  • Accenture PLC
  • Capgemini SE
  • Data Dynamics, Inc.
  • Micron Technology, Inc.
  • EMC Corp.
  • NetApp, Inc.
  • Pure Storage
  • Coraid, Inc.
  • Rackspace Redhat
  • Pivot3
  • Dell Technologies Inc.
  • IBM Corp.
  • Brocade Communications Systems Inc.
  • Cisco Systems, Inc.
  • InfoFort
  • Oracle Corp.
  • Hewlett-Packard Development Co. L.P.
  • Aptare, Inc.
  • CA Technologies, Inc.
  • Datacore
  • SanDisk
  • OASIS Group

Key players competing in the global storage management market are Hitachi Data Systems; Accenture PLC; Capgemini SE; Data Dynamics, Inc.; Micron Technology,Inc.; EMC Corp.;  NetApp, Inc.; Pure Storage;  Coraid, Inc.; Rackspace Redhat; Pivot3; Dell Technologies Inc.; IBM Corp.; Brocade Communications Systems Inc.; Cisco Systems, Inc.; InfoFort; Oracle Corp.; Hewlett-Packard Development Co. L.P.; Aptare, Inc.; CA Technologies, Inc.; Datacore; SanDisk; and OASIS Group. Companies are focusing on investment in R&D to develop systems with better performance and higher security. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Storage Management Market

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