Over the past five years, cloud software solutions have been gaining acceptance from companies across all industries. Cloud is a software delivery method where a vendor hosts a software application in a remote server and customers can access it through the internet. Cloud software solutions are widely used in customer relationship management (CRM), HR/payroll, project management and accounting software systems. Software product companies are also offering services through a pay-per-usage payment model that enables an individual or a company to pay a small subscription fee only when they use a software instead of a full license fee.
THE BUSINESS RESEARCH COMPANY VALUED THE DATABASE, STORAGE & BACKUP SOFTWARE PUBLISHING GLOBAL MARKET AT $110 BILLION IN 2017
The chart below shows the year-on-year growth of the global database, storage & backup software publishing market during 2017 – 2021.
According to The Business Research Company’s Consultant, Nitin Gianchandani, storage and device manufacturers are launching new alternative technologies for flash. Intel and Micron have introduced a new, fast alternative to flash that will bridge the speed gap between flash and DRAM, XPoint that provides a mechanism for persistent RAM memory on computer systems. The latest technology such as helium filled drives use less power to spin the disks, they run cooler and they can pack in more disks. In 2015, Seagate announced the first 8TB air filled hard drive.
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IBM was the biggest player in the database, storage & backup software publishing market in 2017, with revenues of $35.3 billion in 2016. IBM’s growth strategy is to increase its global cloud data center footprint through acquisitions. In 2015, IBM invested $1 billion to expand its cloud business and made seven cloud acquisitions including Cleversafe, Gravitant and Clearleap.
Database, storage & backup software publishing is a software program or utility used for creating, editing and maintaining database files and records. This type of software 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.
Database, Storage and Backup Software Publishing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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