Technavio, a London-based technology research and advisory firm, has released a forecast report examining the global self-storage software market between 2016 and 2020. The report presents a detailed segmentation of the market by deployment model (cloud vs. local) and geography, including the Americas, Asia-Pacific region and Europe, according to the company website. It also identifies key suppliers in the space.
“The global self-storage software market is highly fragmented with the presence of many small and medium-sized vendors,” Technavio officials said in a press release. “This creates a huge opportunity for [mergers and acquisitions]. The consolidation of small players with larger players is shaping the vendor landscape. New players are also entering the market, and the competition in the market is intense as vendors are trying to sustain themselves by improving their delivery models with technology.”
An improving global economy and increased real estate investments are expected to spur self-storage development around the world and increase the need for supporting software products, according to Technavio analysts. As a result, the firm expects the self-storage software market to show a compound annual growth rate of about 7 percent during the five-year forecast period.
The report also looks at software trends and how vendors are meeting demand challenges. “Organizations are assessing vendors based on document capture capability of the software and the degree of superiority of their solutions,” said Amrita Choudhury, lead enterprise application analyst.
Technavio identified E-SoftSys, QuikStor Security & Software, SiteLink, Storman Software and Yardi as the industry’s top five suppliers. The report also provides information on other vendors.
The 66-page report is available in PDF format for $2,500.
Technavio develops more than 2,000 pieces of research annually, covering more than 500 technologies across 80 countries, the release stated. The company has about 300 analysts around the world who specialize in business research and consulting on “leading-edge” technologies.
