Global storage software market: 4% CAGR between 2012 and 2016

Press Release   •   Feb 25, 2013 10:55 GMT

The Global Storage Software market is to grow at a CAGR of 4.36 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing consolidation of storage infrastructure. The Global Storage Software market has also been witnessing the collaboration of storage software and hardware solutions. However, the increasing availability of open source storage software solutions could pose a challenge to the growth of this market.

Storage hardware solutions are becoming very important among enterprises to support their increasing needs of data storage. The storage software vendors are developing solutions that are specific to the hardware being used for the storage of data. Software solutions are being developed specific to the architecture of the storage infrastructure. This facilitates better optimization of storage space and better management. Enterprises are witnessing a growing trend of bundled hardware and software solutions being provided by the storage vendors for better infrastructure performance.''

Enterprises have a huge data content being manipulated and used for their business. Traditionally, each server had its own storage space which was attached locally and was used within the local networks. To ensure efficient and optimized usage of storage space, enterprises are now consolidating the storage to a centralized location. Consolidation of storage space also provides centralized management and allocation of available storage space to end-user applications. Storage software has inbuilt storage space management and allocation procedures and is implemented into enterprise storage locations. Further, there is a growing adoption of storage area networks (SAN) into data centers which is driving the Global Storage Software market.

The key vendors dominating this market space are EMC Corp., IBM Corp., NetApp Inc., and Symantec Corp. The other vendors mentioned in the report are Hitachi Ltd., Microsoft Corp., Dell Inc., and Hewlett Packard Co.

For more information on the Global storage software market, please click here: Global storage software market

For more information on the Information Technology market, please click here: Information Technology Reports issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.