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 observed in the historical period can be attributed to several factors, including the proliferation of data, heightened concerns about cybersecurity, increased adoption of virtualization and containerization technologies, the embrace of cloud computing, and the influence of compliance and regulatory requirements.

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 anticipated growth in the forecast period is expected to be driven by various factors, including the integration of edge computing, artificial intelligence (AI), and machine learning technologies, the increasing threats of ransomware, the ongoing process of digital transformation, and the widespread proliferation of the Internet of Things (IoT). Notable trends in this period are expected to revolve around the adoption of hybrid and multi-cloud solutions, a focus on data governance and management, an emphasis on sustainability and green computing practices, the use of containerization and microservices, initiatives to enhance user experiences, and the implementation of resilience testing and automation.

The increasing need for data storage is anticipated to drive the growth of the database, storage, and backup software publishing market in the future. Data storage involves the process of recording and preserving digital data on physical media. Database software plays a crucial role in organizing and managing extensive data, providing a structured and searchable format for storing information, making it easily retrievable. Backup software is essential for creating and maintaining data copies to safeguard against loss or corruption. For example, in February 2021, the Korea Data Center Council (KDCC) reported that the total capacity of colocation data centers' information technology (IT) load reached 430 MW by the end of 2020, contributing to 11% of the total APAC (Asia-Pacific) IT load. Projections by Savills Korea suggest that the overall commercial data center IT load in Korea is expected to expand by 700 MW from 2021 to 2023, constituting 15% of the total Asia-Pacific capacity. Thus, the increasing demand for data storage is a driving force behind the growth of the database, storage, and backup software publishing market.

The primary categories within the realm of database, storage, and backup software encompass database software, middleware software, and storage and backup software. Database software plays a crucial role by enabling users to create, edit, and maintain database files and records. These software solutions can be implemented using diverse models, including the on-demand/cloud model and the on-premise model. Their application extends across various industries such as BFSI, media and entertainment, IT and telecommunications, energy and utilities, government and public sector, retail and consumer goods, manufacturing, and others.

The database, storage and backup software publishing market research report is one of a series of new reports that provides database, storage, and backup software publishing market statistics, including database, storage and backup software publishing industry global market size, regional shares, competitors with a database, storage and backup software publishing market share, detailed database, storage and backup software publishing market segments, market trends and opportunities, and any further data you may need to thrive in the database, storage and backup software publishing industry. This database, storage and backup software publishing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The outbreak of COVID-19 is projected to have a significant impact on the database, storage, and backup software publishing market in the forecast period. This effect is primarily attributed to the increasing number of individuals working from home, a consequence of government-imposed lockdowns globally that restrict public gatherings to mitigate the spread of the infectious disease. COVID-19 is characterized by symptoms resembling the flu, including fever, cough, and breathing difficulties. The virus was first identified in Wuhan, Hubei province, China, in 2019 and quickly spread worldwide, affecting regions such as Western Europe, North America, and Asia. In response to the pandemic, national governments took measures to limit transmission, resulting in a surge in remote work. People accessed work-related systems and applications via cloud technology, as working from home became the norm. The uncertainty surrounding the pandemic's duration is expected to drive further adoption of cloud technology by companies to support their remote-working employees, ultimately fostering market growth. For example, according to Egen Solutions, a US-based company specializing in data engineering, cloud modernization, and application development, more than 100 zettabytes of data will be stored in the cloud by 2025, constituting 50% of all global data storage. The COVID-19 pandemic has accelerated the widespread adoption of cloud computing, with individuals increasingly relying on the cloud for their routine computing and storage needs.

Due to ongoing technological advancements in cloud computing and the continual need for keeping in-house IT infrastructure up-to-date, there is a growing demand among companies for public cloud platforms. A public cloud operates based on the standard cloud computing model, where a service provider offers resources such as virtual machines (VMs), applications, or storage to the general public via the Internet. Organizations are increasingly embracing public cloud platforms to reduce their expenditures, as the public cloud delivers services through a pay-as-you-go model. This eliminates the necessity for companies to invest in and maintain their own internal IT resources while offering scalability to effectively address workload and user requirements.

Leading companies in the database, storage, and backup software publishing market are intensifying their efforts to introduce proprietary cloud databases to secure a competitive advantage within the industry. A proprietary cloud database is a database hosted in the cloud, accessible via the cloud, and developed and maintained by an organization's internal IT team. For instance, in June 2023, Huawei Technologies Co., a Chinese technology company, unveiled GaussDB, the latest iteration of its proprietary cloud database. GaussDB is the only database developed entirely in China, with both software and hardware operating in synergy. This technology has become increasingly crucial for the effective management and utilization of data, which has evolved into a critical component of production, capable of delivering added value. This represents the company's most recent innovation, offering a structured collection of information that can be searched, organized, and updated.

In May 2022, NetApp, a US-based company specializing in data storage and data management services, acquired Instaclustr for an undisclosed sum. This acquisition marks an expansion of NetApp's strategic acquisitions, allowing the company to provide a comprehensive range of cloud operations (CloudOps) capabilities. CloudOps encompasses a set of functions, resources, and processes designed to ensure the seamless operation of the underlying infrastructure and cloud-native applications. Instaclustr, based in the US, is a managed service provider that specializes in operating open-source databases in the cloud.

Major companies operating in the database, storage & backup software publishing market include Google LLC, Broadcom Inc., NetApp Inc., NEC Corporation, Altice Europe N.V., Commvault Systems Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Hewlett Packard Enterprise Company, Dell Inc., Veritas Technologies LLC, Veeam Software AG, Rubrik Inc., Cohesity Inc., Acronis International GmbH, Carbonite Inc., Arcserve LLC, Unitrends Inc., Actifio Inc., Zerto Ltd., Nakivo Inc., Druva Inc., Asigra Inc., StorageCraft Technology Corporation, Barracuda Networks Inc., Micro Focus International plc, Quest Software Inc., Red Hat Inc., Vembu Technologies Pvt. Ltd.

Asia-Pacific was the largest region in database, storage & backup software publishing market in 2023. 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 report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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

The database, storage and backup software publishing market includes revenues earned by entities by developing and distributing 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. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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