The Database, Storage & Backup Software Publishing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Database, Storage & Backup Software Publishing Global Market Report 2024, The database, storage & backup software publishing market size has grown rapidly in recent years. It will grow from $255.86 billion in 2023 to $284.77 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to data explosion, cybersecurity concerns, virtualization and containerization, cloud adoption, compliance and regulations.
The database, storage & backup software publishing market size is expected to see rapid growth in the next few years. It will grow to $456.85 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to edge computing, ai and machine learning integration, ransomware threats, digital transformation, iot proliferation. Major trends in the forecast period include hybrid and multi-cloud adoption, data governance and management, sustainability and green computing, containerization and microservices, user experience enhancement, resilience testing and automation.
The growing demand for data storage is expected to propel the growth of the database, storage, and backup software publishing market going forward. Data storage is the process of recording and preserving digital data on a physical medium. Database software helps to organize and manage large amounts of data. It provides a way to store data in a structured and searchable format, making it easy to find and retrieve specific pieces of information. Backup software helps to create and maintain copies of data in case of loss or corruption. For instance, in February 2021, according to the Korea Data Center Council (KDCC), the overall capacity of colocation data centers information technology (IT) load reached 430 MW at the end of 2020, accounting for 11% of the total APAC (Asia-Pacific) IT load. Following Savills Korea projections, the total commercial data center IT load in Korea is expected to expand by 700 MW between 2021 and 2023, accounting for 15% of overall Asia-Pacific capacity. Therefore, the growing demand for data storage is driving the growth of the database, storage, and backup software publishing market.
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The database, storage & backup software publishing market covered in this report is segmented –
1) By Type: Database Software; Middleware Software; Storage And Backup Software
2) By Deployment Model: On-Demand/Cloud; On-Premise
3) 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
The database, storage & backup software publishing market report table of contents includes:
1. Executive Summary
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