Insights Into The Database, Storage & Backup Software Publishing Market’s Growth Opportunities Through 2023-2032 – Includes Database, Storage & Backup Software Publishing Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Uncertainty surrounding the duration of the spread of COVID-19 are expected to drive innovation in database, storage and backup software publishing manufacturing, thus driving the market during the forecast period.
The global database, storage and backup software publishing market is expected to grow from $232.42 billion in 2022 to $258.5 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The database, storage & backup software publishing market is expected to grow to $382.41 billion in 2027 at a CAGR of 10.3%.
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Global database, storage and backup software publishing Market Segments Include:
- By Type: Database Software, Middleware Software, Storage And Backup Software
- 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
- By Deployment Model: On-Demand/Cloud, On-Premise
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global database, storage and backup software publishing market in 2021.
Major Market Players in the database, storage and backup software publishing market include Google, Broadcom Ltd., NetApp Inc., NEC Corporation, Altice NV and Commvault Systems, Inc.
With technological advances in cloud computing and the continuous 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 the public cloud provides services on a 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.
The Database, Storage & Backup Software Publishing Global Market Report 2023 provides a database, storage and backup software publishing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The database, storage and backup software publishing market forecast analyzes database, storage and backup software publishing market size, database, storage and backup software publishing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Database software is designed to create databases and store, manage, search, and retrieve information. Storage & Backup Software is an application used to store data, make duplicate copies of the data to protect it, and make it recoverable in the event of loss, damage, or malware infection.
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