TECH SUPPLIER Sep 2018 - Market Forecast - Doc # US44244518
Worldwide Archiving Software Forecast, 2018–2022: Archiving Use Cases Expand Alongside Cloud Storage Adoption and Proliferation of Enterprise Data
This IDC study analyzes the worldwide archiving software market, which is made up of revenue from both on-premises archiving software and public cloud/SaaS-based archiving services. This study highlights the key trends impacting archiving software providers and the competitive dynamic within the market and identifies the most significant drivers and inhibitors impacting the five-year forecast.
"The archiving software market will be significantly affected by growing interdependence between storage, infrastructure, and security disciplines," said Andrew Smith, senior research analyst, Storage Software. "The lines between previously discrete storage activities (e.g., backup, archiving, and recovery) are slowly eroding. This will only be accelerated by the adoption of cloud-based storage services, which aggregate functionality into a single platform which managed by IT generalists or line-of-business buyers. As a result, archiving providers have the opportunity to address a much larger audience and apply their technology to a range of use cases beyond traditional storage retention and management. This opportunity will drive significant growth for segments of the archiving software market focused on cloud- and SaaS-based delivery."
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