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Software-defined storage and backup is a marketing term for computer data storage software for policy-based provisioning and management of data storage autonomous of the underlying hardware. Software storage & backup typically includes a form of storage virtualization to distinct the storage hardware from the software that manages it. The software assisting a software-defined storage environment may also provide policy management for features such as data deduplication, replication, thin provisioning, snapshots, and backup.
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Growing data volumes across enterprises
For instance, in the manufacturing industry, intelligent machines are being used to carry out the manufacturing process without any human intervention. Companies involved in industrial manufacturing are witnessing high pressure to increase productivity as well as lower the manufacturing cost. However, to reduce manufacturing costs, increase productivity, and optimize resources, they are adopting industrial automation. Further, the industrial automation systems remove human intervention; help in reducing the work, waste, and labor cost; minimize downtime and inaccuracies; increase process quality; and reduce the response and processing time. In addition, the systems also monitor and record valuable information to enhance the manufacturing process, identify patterns, and implement changes to prevent future events.
Adoption of artificial intelligence (AI) in storage and backup software market
Increasing artificial intelligence (AI) in storage and backup software-based applications can create, store, and protect data. Artificial intelligence is an area of computer science, which simulates human intelligence. In addition, AI-based applications generate information on their own and authenticate the source of information before composing bits of knowledge to a database. These applications can also improve database management policies, align data to database capabilities, and assess metadata across organization storage infrastructure. Mainly, Commvault, one of the major merchants in the field of storage and backup software, introduced a new kind of backup and recovery software, which works with AI. This software helps users to keep data backup and recovery more effective and actual by analyzing their patterns and performance.
Data privacy and issue concerns:
Growing concerns about data privacy and governance are expected to confine the storage and backup software market growth. In addition, security concerns over protecting information regarding stakeholders and private data caused due to hacking, espionage, and other security threats limit the deployment of cloud storage and other software for storage and backup. These factors frequently limit the storage and backup software market. Further, industries, such as BFSI, healthcare, retail, and others, are unwilling to invest in the storage and backup software market due to security issues, thus restraining it to grow to its full potential.
Key benefits of the report:
Questions answered in the global storage and backup software market research report:
Storage and Backup Software Market Report Highlights
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Key Market Players | Hitachi Data Systems, Huawei Technologies, Symantec, Dell, CA Technologies, IBM, Oracle Corporation, Hewlett-Packard, NetApp |
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