Worldwide Archiving Software Market Shares, 2019: Public Cloud Vendors Soar During Year While Rough Waters Lie Ahead
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 market growth, identifies market share leaders and innovative competitors, and explores how some of the most influential providers are responding to changes within their competitive environment."In 2019, the archiving software market saw some surprise performances from a small handful of vendors that steepened the market's growth trajectory," said Greg Macatee, research analyst, Infrastructure Systems, Platforms and Technologies. "Public cloud has been and continues to remain the market's primary growth driver, and vendors that were able to capitalize on this opportunity, unsurprisingly, performed quite well during the year. As we further assess the impacts on the market from COVID-19, we reemphasize that importance of public cloud–enabled offerings to meet enterprise secondary storage needs as endpoint users shift their work patterns increasingly toward work-at-home setups."
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