TECH SUPPLIER Mar 2020 - Market Share - Doc # US46154720

Worldwide Storage Software and Public Cloud Market Shares, 4Q19: Strong Fourth Quarters Bring Annual Gains for the Storage Software and Public Cloud Markets

By: Greg MacateeResearch Analyst, Infrastructure Systems, Platforms and Technologies, Paul MaguranisSenior Research Analyst, Infrastructure Systems, Platforms and Technologies, Sebastian LaganaResearch Manager, Infrastructure Systems, Platforms and Technologies Group, Andrew SmithResearch Manager, Cloud Infrastructure Services

Abstract

This IDC study provides a brief overview of the worldwide storage software and basic storage (infrastructure as a service [IaaS]) market performance during the fourth calendar quarter of 2019 (4Q19) and full year 2019.

"The storage software market ended the year on a high note. Overall, it grew 5.3% year over year (y/y) to a value of roughly $4.8 billion in 4Q19. The full year 2019 finished at a revenue sales value of $17.7 billion, which represents an annual increase of 3.3% and marks the fourth consecutive year of market expansion," said Greg Macatee, research analyst, Storage and Computing Infrastructure Software Platforms. "Future performance of the storage software market will face headwinds as growth of the related enterprise storage systems market (which drags system-related software sales) is anticipated to remain tepid over our forecast period. This said, opportunities still exist within an ever-expanding Global DataSphere for vendors that can adapt their product offerings and capitalize on high-growth areas such as basic storage/public cloud IaaS within secondary storage archiving, data protection, and data management areas."


Coverage

Content


Get More

When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.



Related Links

Do you have questions about this document
or available subscriptions?

Contact Us