The Business Research Company’s Database, Storage & Backup Software Publishing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Database, Storage & Backup Software Publishing Global Market Report 2023 evaluates database, storage & backup software publishing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global database, storage, and backup software publishing market have demonstrated a robust growth trajectory, surging from a valuation of $232.42 billion in 2022 to an impressive $258.5 billion in 2023. This ascent was underpinned by a noteworthy compound annual growth rate (CAGR) of 11.2%. However, it is essential to acknowledge that the global landscape has encountered unforeseen disruptions, notably stemming from the Russia-Ukraine conflict. These geopolitical tensions have cast a shadow on the prospects of a swift economic resurgence following the COVID-19 pandemic, at least in the immediate term. The reverberations of this conflict have manifested in the form of economic sanctions, a surge in commodity prices, and intricate supply chain disturbances, thus culminating in inflationary pressures that have reverberated throughout the spectrum of goods and services, leaving a discernible impact on global markets.
Nonetheless, the database, storage, and backup software publishing sector remains poised for expansion, with projections suggesting that by 2027, it may reach a substantial market size of $382.41 billion, showcasing a commendable CAGR of 10.3%. This optimistic outlook is underpinned by several factors, one of which is the ongoing pandemic and its transformative influence on the working landscape.
The onset of the COVID-19 pandemic has engendered seismic shifts in the workforce dynamics, as an increasing number of individuals are now engaged in remote work arrangements due to government-mandated lockdowns, which restrict gatherings in public spaces. COVID-19, an infectious malady with flu-like symptoms, including fever, cough, and respiratory distress, first emerged in 2019 in Wuhan, Hubei province, People’s Republic of China. Its global spread encompassed regions as diverse as Western Europe, North America, and Asia.
In response to the imperative of mitigating contagion, governments worldwide have orchestrated measures that enable remote work, with cloud-based systems and applications emerging as pivotal tools for maintaining business continuity. The evolution of this telecommuting paradigm is set to endure, with uncertainties shrouding the pandemic’s duration. As such, a concomitant increase in the adoption of cloud technology by enterprises to support a remote workforce is anticipated, thereby contributing to the burgeoning growth of the database, storage, and backup software publishing market. This transformation underscores the increasing salience of cloud technology as a strategic enabler for businesses, particularly in the context of remote work arrangements.
The database, storage & backup software publishing market segments in the report are:
1) By Type: Database Software, Middleware Software, Storage And Backup Software
2) By End-User Industry: BFSI, Media And Entertainment, IT and Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Other End-User Industries
3) By Deployment Model: On-Demand/Cloud, On-Premise
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The table of contents in TBRC’s database, storage & backup software publishing market report includes:
1. Executive Summary
2. Report Structure
3. Database, Storage & Backup Software Publishing Market Characteristics
4. Database, Storage & Backup Software Publishing Market Product Analysis
5. Database, Storage & Backup Software Publishing Market Supply Chain
…
21. Key Mergers And Acquisitions In The Database, Storage & Backup Software Publishing Market
22. Market Background: Software Products Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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