Database, Storage & Backup Software Publishing Market Size
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How Large Will the Database, Storage & Backup Software Publishing Market Size By 2025?
In recent times, the market size of the database, storage & backup software publishing industry has seen significant growth. The market’s expansion is projected to continue from $304.49 billion in 2024 to $341.99 billion in 2025, boasting a 12.3% compound annual growth rate (CAGR). This historic evolution in growth can be traced back to factors such as an explosion of data, escalating cybersecurity issues, virtualization and containerization, increased adoption of cloud technologies, along with compliance and regulatory measures.
How Big Is the Database, Storage & Backup Software Publishing Market Size Expected to Grow by 2029?
The market for database, storage & backup software publishing is projected to experience significant expansion in the coming years, reaching a value of $493.74 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. This growth during the forecast period can be traced back to factors such as the advent of edge computing, integration of AI and machine learning, risks of ransomware, digital transformation, and spread of IoT. Key trends forecasted for this period include the transition towards hybrid and multi-cloud systems, focus on data governance and management, initiatives towards sustainability and green computing, an increase in containerization and microservices, efforts towards user experience enhancement, and a rise in resilience testing and automation.
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Which Key Market Drivers Powering Database, Storage & Backup Software Publishing Market Expansion and Growth?
The increase in the need for data storage is anticipated to fuel the growth of the market for database, storage, and backup software publishing. Storing data involves recording and preserving digital data on physical mediums. The use of database software is advantageous in organizing and managing large quantities of data, as it offers a method for storing data that is structured and easy to search, streamlining the process of finding and retrieving specific information. Backup software, on the other hand, facilitates the creation and maintenance of data copies to safeguard against loss or corruption. The Korea Data Center Council (KDCC), for instance, reported that the total IT load capacity of colocation data centers amounted to 430 MW by the end of 2020, making up 11% of the total IT load in the Asia-Pacific region. In 2029, it is projected that South Korea’s data center market will have an IT load capacity of 2,000 MW, a raised floor area of 5 million sq. ft and up to 270,000 racks, with the majority of racks located in Greater Seoul. This increasing need for data storage is pushing the growth of the database, storage, and backup software publishing market.
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Which Fast-Growing Trends Are Poised to Disrupt the Database, Storage & Backup Software Publishing Market?
Leading companies in the market for database, storage, and backup software publishing are sharpening their focus on the development of innovative offerings like secure cloud storage services to improve data security and accessibility. This kind of secure storage entails an online service where data is housed on remote servers, accessible via the web and shielded by advanced encryption and security measures. For instance, in June 2024, Veeam Software, an American information technology firm, launched the Veeam Data Cloud Vault, which is a secure cloud storage service aimed at safeguarding backup data with functionalities like immutable and encrypted storage, strengthening its resistance against cyber-attacks. This entirely managed service is based on Microsoft Azure and features a predictable subscription pricing model, covering all essential API calls. The service integrates smoothly with Veeam Backup & Replication, enabling businesses to beef up their backup plans and streamline management.
What Are the Emerging Segments in the Database, Storage & Backup Software Publishing Market?
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 Or 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
Subsegments:
1) By Database Software: Relational Database Management Systems (RDBMS), NoSQL Databases, Cloud Databases, In-Memory Databases, Data Warehousing Solutions, Other Database Software
2) By Middleware Software: Message Oriented Middleware (MOM), Object Request Brokers (ORBs), Enterprise Service Bus (ESB), Transaction Processing Monitors (TPMs), Integration Middleware, Other Middleware Software
3) By Storage And Backup Software: Backup And Recovery Software, Cloud Storage Solutions, Disaster Recovery Software, Data Archiving Software, Network-Attached Storage (NAS) Software, Other Storage And Backup Software
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Who Are the Global Leaders in the Database, Storage & Backup Software Publishing Market?
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.
Which are the Top Profitable Regional Markets for the Database, Storage & Backup Software Publishing Industry?
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.
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