TECH SUPPLIER Jun 2019 - Market Forecast - Doc # US45153419
Worldwide Storage Software Forecast, 2019–2023: Software-Defined Storage and Converging Workloads Lead Market Expansion, While Overall Outlook Faces Headwinds
This IDC study examines the storage software market for the 2019–2023 period.
"The storage software market experienced impressive growth in 2018, and we expect the forecast to sustain low-single-digit growth throughout the forecast period," said Greg Macatee, research analyst, Storage Software. "This in large part is tied to the performance of the external storage systems market, which will experience headwinds over the next few years. This said, growth of hyperconverged infrastructure will continue to buoy related sales of software-defined storage, creating targeted opportunities for suppliers that can accommodate this sustained shift away from legacy, array-based systems."
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