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Database, Storage & Backup Software Publishing Global Market Report 2022

Database, Storage & Backup Software Publishing Global Market Report 2022

  • March 2022
  • 300 pages
  • ID: 6246423
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major companies in the database, storage & backup software publishing market include Google, Broadcom Ltd., NetApp Inc., NEC Corporation, Altice NV and Commvault Systems, Inc.

The global database, storage & backup software publishing market is expected to grow from $200.64 billion in 2021 to $228.30 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $362.07 billion in 2026 at a CAGR of 12.2%.

The database, storage and backup software publishing market consists of sales of database, storage and backup software by entities (organizations, sole traders and partnerships) that produce database, storage and backup software which are software programs or utilities used for creating, editing and maintaining database files and records. It allows users to store data in the form of structured fields, tables and columns, which can then be retrieved directly and/or through programmatic access.

The main types of database, storage and backup software are database software, middleware software, and storage and backup software.A database software is a software program that is designed to create, edit, and maintain database files and records.

They are deployed using models such as on-demand/cloud model and on-premise model. These are mostly used in industries such as BFSI, media and entertainment, it and telecommunications, energy and utilities, government and public sector, retail and consumer goods, manufacturing and others.

Asia Pacific was the largest region in database, storage & backup software publishing market in 2021.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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The outbreak of Coronavirus disease (COVID-19) is expected to drive the database, storage & backup software publishing market in the forecast period as increasing number of people are working from home due to lockdowns imposed by governments globally that restrict gathering of people in public places.COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.

The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia.Steps by national governments to contain the transmission have resulted in people working from home by accessing work related systems and applications through the cloud.

Uncertainty surrounding the duration of the spread of coronavirus is expected to lead to more companies adopting cloud technology to support their employees working from home, thereby driving market growth.

With technological advances in the cloud computing and continues requirement of updating in-house IT infrastructure, companies are witnessing a rising demand for public cloud platforms.A public cloud is a service based on the standard cloud computing model, in which a service provider makes resources, such as virtual machines (VMs), applications or storage, available to the general public over the Internet.

Companies are increasingly opting for public cloud platforms to minimize their costs as public cloud provides services on pay-as-you-go model, the need for organizations to invest in and maintain their own in-house IT resources, and enables scalability to meet workload and user demands.

In March 2020, Quantum a US-based, digital storage company acquired Western Digital Technology’s ActiveScale’s object storage software.This acquisition helps Quantum Corporation to expand its products and services in the object storage market.

Western Digital Technology is a computer hard disk drive manufacturer and data storage company. It is headquartered is in San Jose, California, United States.

The countries covered in the database, storage & backup software publishing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.

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