This industry research report presents a detailed segmentation of the global self-storage software market by deployment model (cloud and on-premises) and by geography (the Americas, APAC, and Europe). The key leading vendors in the market are E-SoftSys, QuikStor Security & Software, Sitelink Software, Storman Software, and Yardi Systems.
Technavio’s market research analysts estimate the global self-storage software market to grow at a CAGR of almost 7% between 2016 and 2020. The increase in the disposable income of families is the primary driver for the market. Extensive marketing strategies adopted by companies and the lack of feasible substitutes for self-storage services are some of the factors that are expected to boost the growth of this market during the forecast period. At present, the Americas dominate the global self-storage software market by accounting for over 81% of the overall market share. The market in this region is expected to reach over $705 million during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the self-storage software segments by development model.
“The improving global economy scenario is expected to reflect positively on the self-storage software market worldwid in the coming years. Low-interest rates, the strengthening of the global economic environment, and direct real estate investments from institutional investors are some of the factors that are likely to propel the market by 2020. The increase in real estate transactions including that of self-storage facilities is expected to further stimulate the demand for self-storage software during the forecast period,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
In 2015, the cloud-based self-storage software segment dominated the market by holding a share of around 65%. This segment is expected to witness steady growth during the forecast period due to the availability of a regular payment option as opposed to a big one-time investment and periodic expenses for maintenance and updates. Numerous self-storage software vendors are delivering software-as-a-service solutions in an attempt to leverage the increasing adoption of cloud-based systems.
The key vendors in the global self-storage software market include E-SoftSys, QuikStor Security & Software, Sitelink Software, Storman Software, and Yardi Systems. The global self-storage software market is highly fragmented due to the presence of numerous small, medium, and large-sized vendors. Large vendors consider M&A strategies to improve their market presence and expand their global reach. The market competition is expected to intensify as vendors are trying to sustain themselves by improving their delivery models with technology.
A more detailed analysis is available on the Technavio report, Global Self-Storage Software Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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