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TECH SUPPLIER Dec 2018 - Market Forecast - Doc # US44529917

Worldwide Storage and Device Management Software Forecast, 2018–2022

By: Andrew SmithResearch Manager, Infrastructure Systems, Platforms and Technologies Group, Eric BurgenerResearch Vice President, Infrastructure Systems, Platforms and Technologies Group

Abstract

This IDC study examines the worldwide storage and device management software market for the 2018–2022 period. IDC expects the storage and device management software market to remain relatively flat over the forecast period, growing at a compound annual growth rate (CAGR) of 0.4% for the 2017-2022 period.

"Buyer expectations in the storage and device management software market are changing," said Andrew Smith, senior research analyst, Infrastructure Platforms and Technologies. "Users increasingly expect advanced storage management and analytics functionality to be bundled as part of a storage systems purchase or a cloud service at little to no additional cost. This dynamic results in market headwinds throughout the forecast period, which only disguise the growing importance of advanced storage management solutions and the role they play in enabling IT infrastructure modernization. Storage providers must remain vigilant of this trend, while continuing to invest in their storage management solutions despite flat market growth."


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