Global Data Compression Software Market Research Report- Forecast 2027

Data Compression Software Market, By Type (Lossless Compression, Lossy Compression), By Deployment (Cloud, On-Premise), By Service (Support and Maintenance Service), By Vertical (IT & Telecommunication, Media & Entertainment) - Forecast 2027

ID: MRFR/ICT/2833-HCR | February 2021 | Region: Global | 100 pages

Market overview


Data compression is known as the process of reducing the data amount and only process the amount of data needed to give information using encoding technology. This technology decreases the costs for storage hardware, saves storage, and speeds up the process. Data compression can help with backup storage, and it can be shown up in the primary storage data reduction.  The global data compression software market is growing at a fast rate with the need to minimize a large amount of data. Data compression allows data restoration of a file without loss of a single piece of data.


The compression of data helps to improve data communication over the internet that is increasing the adoption of data compression software across various sectors.  These factors will boost the data compression software market in the coming year. The development of the global data compression Market is due to the growing demand for data security and optimization among people. Industries in many regions are highly investing in data compression software solutions to improve business efficiency and data storage technology that is boosting the data compression software market growth. The cloud solution in a business minimizes the cost associated with an IT organization, and it also provides data storage and security and manages data.


This report provides analysis for the global data compression software market. The data compression software market size will grow by $846 million with a CAGR of 7% by 2023. The data compression software market has high demand by Enterprises due to the high volume of data required. The high-speed connectivity due to the advanced communication network is fueling the need for data compression software, and it is driving the data communication software market Industry. Enterprises want to reduce the data consumption cost, and therefore the DCS market has a high demand.


Covid-19 analysis


The covid-19 situation has impacted all the sectors around the world. Many business organizations are facing loss due to a decrease in demand. Businesses need more cost-effective solutions to run their business, and in this time, the data compression software solutions are providing them the best cost-effective methods. With the help of data compression software, they can reduce the size of data, and it will reduce their data storage cost. Many Industries are facing financial problems due to covid-19, and therefore some of them can’t afford to use data compression software solutions for their business. So covid-19 had a mixed impact due to the covid-19 pandemic, but the market players are trying their best to increase the market demand.


Market Dynamics


The data compression software market is growing rapidly, and the major drivers are responsible for it. The drivers are fueling the DCS Industry, but there are some market restraints that are stopping the growth of the DCS Industry. There are some challenges that also come in the way of market growth.


Market drivers


The use of smartphones has increased a lot in the last few years, and it is used as a source of communication in the workspace or in personal use. And it is driving the data compression software market growth. The data consumption has increased in all the sectors, and it minimizes the cost the Industries using data compression software solutions that is driving the growth of the data compression software market size. Due to the Increasing population, the need for reducing data size is also increasing, and therefore, it is fueling the data compression software market. To increase business efficiency, data storage technology and advanced technology are also driving the DCS market growth.


Market opportunities


The growing data storage across storage devices leads to data traffic, and it is fueling the data compression software market growth.  The rising trend of enterprises moving their data to cloud server space need data compression solutions, and it is creating new opportunities for the market. Small and medium enterprises are also using data compression software to expand their business, and therefore the DCS market is on the rise. The rapid adoption of loT devices across all the firms and businesses to provide the customer a good experience without increasing computing and energy will be a great opportunity for the market.  The demand for security and data optimization among the customers will be a golden opportunity for the data compression software market.


Market restraints


Market restraints are decreasing the market demand, and one of the major data compression software market restraints is the use of traditional methods. Many Industries and Enterprises still haven’t adapted to advanced data compression software, and they are using the traditional methods. As businesses are not ready to upgrade, their system has become one of the biggest market restraints. Another market restraint is the installation cost. Due to the installation cost, medium and small businesses are not using data compression software solutions, and it has become a restraint of the market. However, the TCS market drivers are trying to boost the demand more even with some Market restraints.


Market challenges


Educate people about the data compression software market is one of the biggest challenges for the market. Many businesses are using the same old methods, and they are not ready for advanced technology, and it has become a challenge for the market. Many businesses are not ready to invest a big amount in data compression solutions, and the market is trying its best to overcome this challenge by reducing installation costs. The TCS Market is expected to grow more by overcoming the challenges.


Cumulative growth analysis


The need for data compression solutions is growing in many businesses, and many businesses are adapting to these advanced solutions. And due to this, the data compression software market is growing rapidly. There are many challenges and restraints faced by the market still, and it is expected to grow approximately $864 million with registering a CAGR rate of 7% between 2017 and 2023.


Segment overview


The data compression software market is segmented on the basis of type, service, deployment, organization size, vertical, and regions.



  • By type- The data compression software market type segment includes lossless compression and lossy compression. The lossless compression gives so many advantages, such as it doesn’t eliminate the data and it cannot noticeable data can be restored. A file can be restored in its original form. It doesn’t reduce the data quality. The lossy compression eliminates the data, and the data will not be restored to its original form after decompression.

  • By service- The data compression software market by service includes professional service and support & maintenance service.

  • By deployment- The deployment segment of the data compression software market is further divided into cloud and on-premise. Could solutions is responsible for the highest market share due to the increasing demand for cloud solutions in all Industries and because it provides data security and storage.

  • By organization size- The organization size of the data compression software market divided into small & medium enterprises and large enterprises.

  • By vertical- The vertical segment of the market includes BFSI, retail, healthcare, IT and telecommunication, government, travel and hospitality, transportation, media and entertainment, manufacturing, and others. Among these, the BFSI sector is expected to responsible for the highest market share in the data compression software market.

  • Region- Region segment includes regions such as North America, Europe, Asia Pacific, and other regions in the world.


Regional analysis


The major regions of the data compression software market are North America, Europe, Asia Pacific, and other regions. North America is expected to have the highest market share in the market, to dominate the DCS Industry.  Due to the advanced infrastructure, digitization, higher deployment, and technology, the data compression software industry in this region is rising. Asia Pacific is increasing at a faster CAGR rate due to the Increasing population and adoption of loT devices in this region.  The European region is also expected to see major growth in the forecast period. The need to store a high amount of data is causing market growth.  The market will see rapid growth in size, according to Data Compression Software Market Analysis.


Competitive landscape


The major key players in the market are



  • Osisoft, LLC (U.S.),

  • Exasol Corporation (Germany),

  • Panoratio Database Images Gmbh (Germany),

  • Tegile Systems (U.S.),

  • Wandera (U.K.),

  • Quortus Telecommunications (U.K.),

  • Facebook (U.S.),

  • Google Corporation (U.S.),

  • Opera Software ASA (Norway),

  • Exalinks Software (France)


These are the major key players in the market, and among them, Google is contributing the most in the market.


Recent developments


Facebook is sourcing a new compression solution called Zstandard that aims to replace the old technology


Wandera is providing data compression solutions to reduce data consumption by 10%.



Frequently Asked Questions (FAQ) :


Global data compression software market is projected to grow at approximately 7% CAGR during the assessment period (2017 -2023).

The valuation of the global data compression software market is estimated to increase to USD 864 MN by the end of 2023.

Huge investments in data compression tools and more advanced solution to improve business efficiency and data storage techniques, are major tailwinds pushing the growth of the global data compression software market.

North America holds the largest share in the global data compression software market, followed by the Asia Pacific region and Europe, respectively.

Accenture Plc (Ireland), Atos (France), Capgemini SE (France), Fujitsu Ltd (Japan), Cognizant (U.S.), HCL Technologies Limited (India), Infosys Limited (India), IBM (U.S.),Tata Consultancy Services Limited (India), and Tech Mahindra Limited (India), are some of the top players operating in the global data compression software market.

TABLE OF CONTENTS
1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS
6 DATA COMPRESSION SOFTWARE MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY TYPE

6.2.1.1 LOSSLESS COMPRESSION

6.2.1.2 LOSSY COMPRESSION

6.2.2 SERVICE

6.2.2.1 PROFESSIONAL SERVICE

6.2.2.2 SUPPORT AND MAINTENANCE SERVICES

6.2.3 BY DEPLOYMENT

6.2.3.1 CLOUD

6.2.3.2 ON-PREMISE

6.2.4 BY ORGANIZATION SIZE

6.2.4.1 SMALL & MEDIUM ENTERPRISES

6.2.4.2 LARGE ENTERPRISES

6.2.5 BY VERTICAL

6.2.6.1 BFSI

6.2.6.2 IT & TELECOMMUNICATION

6.2.6.3 HEALTHCARE

6.2.6.4 RETAIL

6.2.6.5 MANUFACTURING

6.2.6.6 TRAVEL & HOSPITALITY

6.2.6.7 TRANSPORTATION & LOGISTICS

6.2.6.8 OTHERS

6.2.6 BY GEORGAPHY

6.2.6.1 NORTH AMERICA

6.2.6.2 EUROPE

6.2.6.3 ASIA-PACIFIC

6.2.6.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 OSISOFT, LLC (U.S.)

7.2.2 TEGILE SYSTEMS (U.S.)

7.2.3 WANDERA (U.K.)

7.2.4 QUORTUS TELECOMMUNICATIONS (U.K.)

7.2.5 FACEBOOK (U.S.)

7.2.6 GOOGLE CORPORATION (U.S.)

7.2.7 OPERA SOFTWARE ASA (NORWAY)

7.2.8 EXASOL CORPORATION (GERMANY)

7.2.9 PANORATIO DATABASE IMAGES GMBH (GERMANY)

7.2.10 EXALINKS SOFTWARE (FRANCE)

7.2.11 OTHERS

LIST OF TABLES
TABLE 1 DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 2 DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 3 DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 4 DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 5 DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 6 DATA COMPRESSION SOFTWARE MARKET, BY REGION

TABLE 7 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 8 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 9 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 10 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 11 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 12 U.S. DATA COMPRESSION SOFTWARE MARKET, BY SOFTWARE

TABLE 13 U.S. DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 14 U.S. DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 15 U.S. DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 16 U.S. DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 17 CANADA DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 18 CANADA DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 19 CANADA DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 20 CANADA DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 21 CANADA DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 22 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 23 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 24 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 25 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 26 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 27 GERMANY DATA COMPRESSION SOFTWARE MARKET, BY SOFTWARE

TABLE 28 GERMANY DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 29 GERMANY DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 30 GERMANY DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 31 GERMANY DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 32 FRANCE DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 33 FRANCE DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 34 FRANCE DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 35 FRANCE DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 36 FRANCE DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 37 U.K. DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 38 U.K. DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 39 U.K. DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 40 U.K. DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 41 U.K. DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 42 REST OF EUROPE DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 43 REST OF EUROPE DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 44 REST OF EUROPE DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 45 REST OF EUROPE DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 46 REST OF EUROPE DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 47 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 48 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 49 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 50 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 51 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

TABLE 52 ROW DATA COMPRESSION SOFTWARE MARKET, BY TYPE

TABLE 53 ROW DATA COMPRESSION SOFTWARE MARKET, BY SERVICE

TABLE 54 ROW DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 55 ROW DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 56 ROW DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE

FIGURE 2 DATA COMPRESSION SOFTWARE MARKET: BY TYPE (%)

FIGURE 3 DATA COMPRESSION SOFTWARE MARKET: BY SERVICE (%)

FIGURE 4 DATA COMPRESSION SOFTWARE MARKET: BY DEPLOYMENT (%)

FIGURE 5 DATA COMPRESSION SOFTWARE MARKET: BY ORGANIZATION SIZE (%)

FIGURE 6 DATA COMPRESSION SOFTWARE MARKET: BY VERTICAL (%)

FIGURE 7 DATA COMPRESSION SOFTWARE MARKET: BY REGION (%)

FIGURE 8 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY TYPE (%)

FIGURE 9 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY SERVICE (%)

FIGURE 10 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 11 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 12 NORTH AMERICA DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 13 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY TYPE (%)

FIGURE 14 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY SERVICE (%)

FIGURE 15 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 16 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 17 EUROPE DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 18 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY TYPE (%)

FIGURE 19 ASIA-PACIFIC STATISTICAL ANALYTICSMARKET, BY SERVICE (%)

FIGURE 20 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 21 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 22 ASIA-PACIFIC DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 23 ROW DATA COMPRESSION SOFTWARE MARKET, BY TYPE (%)

FIGURE 24 ROW DATA COMPRESSION SOFTWARE MARKET, BY SERVICE (%)

FIGURE 25 ROW DATA COMPRESSION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 26 ROW DATA COMPRESSION SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 27 ROW DATA COMPRESSION SOFTWARE MARKET, BY VERTICAL (%)