The global Data Storage Management market size was USD 11.74 Billion in 2022 and is expected to reach USD 28.84 Billion in 2032, and register a rapid revenue CAGR of 10.5% during the forecast period. Rising data volume produced by organizations and individuals and increasing acceptance of cloud storage options and widespread use of Digital materials are key factors driving market revenue growth.

Software-Defined Storage (SDS) and hyper-converged infrastructure are two examples of advanced technologies that have emerged in response to the rising demand for data storage and management solutions. Since SDS and HCI offer more flexibility and scalability than conventional storage solutions, their popularity has increased dramatically in recent years. In addition, adoption of open-source Data Storage Management solutions due to rising demand for affordable storage solutions is another key factor driving revenue growth of the market.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/7996 

Moreover, rising trend of remote work and digitization is also expected to drive market revenue growth during the forecast period. People are producing and accessing data from many locations and devices due to increasing use of mobile devices and Internet, creating a demand for effective Data Storage Management solutions. As a result of this trend, cloud storage options, which enable remote access and data sharing, have increased in popularity.

The need for Data Storage Management solutions that adhere to these requirements has also increased as a result of the implementation of data protection laws such as Global Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).

Furthermore, rising adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies is another factor driving market revenue growth. Large amounts of data are needed by these technologies to develop algorithms and make precise predictions. As a result, businesses are spending money on Data Storage Management systems that can deal with massive amounts of data and offer quick access to it.

Competitive Landscape:

• IBM Corporation
• Dell Technologies
• Hewlett Packard Enterprise Development LP
• NetApp Inc.
• Pure Storage Inc.
• Cisco Systems Inc.
• Hitachi Ltd.
• Oracle Corporation
• Fujitsu Ltd.
• Nutanix Inc.

The global market is further segmented into type and application:

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To request customization of this report @ https://www.reportsanddata.com/request-customization-form/7996 

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Browse More Reports: 

Debt Collection Software Market @ https://www.globenewswire.com/news-release/2019/07/23/1886560/0/en/Debt-Collection-Software-Market-To-USD-4-49-Billion-By-2026-Reports-And-Data.html

Procure To Pay Software Market @ https://www.globenewswire.com/news-release/2019/09/05/1911800/0/en/Procure-To-Pay-Software-Market-To-Reach-USD-9-2-Billion-By-2026-Reports-And-Data.html

Cable Testing and Certification Market @ https://www.globenewswire.com/news-release/2019/09/16/1916056/0/en/Cable-Testing-and-Certification-Market-To-Reach-USD-16-92-Billion-By-2026-Reports-And-Data.html

Intelligent Process Automation Market @ https://www.globenewswire.com/news-release/2019/09/24/1920194/0/en/Intelligent-Process-Automation-Market-To-Reach-USD-20-7-Billion-By-2026-Reports-And-Data.html

Smart Education and Learning Market @ https://www.globenewswire.com/news-release/2019/11/07/1943394/0/en/Smart-Education-and-Learning-Market-To-Reach-USD-1-047-75-Billion-By-2026.html

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help clients make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web:www.reportsanddata.com

Direct Line:+1-212-710-1370

E-mail:sales@reportsanddata.com

Blogs|Press Release|Industry News|Our competencies

Browse MoreUpcoming Reports @https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @https://www.reportsanddata.com/report