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 MacateeSenior Research Analyst, Infrastructure Systems, Platforms and Technologies, Paul MaguranisSenior Research Analyst, Infrastructure Systems, Platforms and Technologies, Sebastian Lagana, Andrew SmithResearch Manager, Cloud Infrastructure Services
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."
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