According to the new market research report by IndustryARC titled “Data Storage Market: Applications (Enterprise Data Storage and Consumer Data Storage: Memory Cards, Hard Disk Drive, Others); End-user (Residential, Commercial (Large & small enterprises); Industries (Healthcare, BFSI, IT & Telecom, Others)&By Region – Forecast (2018-2023),” the market will be driven by increasing need of smartphones, Laptops, PC’s and online storage software in small and large enterprises.
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Data storage describes the technical means by which digital data is collected and archived for use by a computer or other device. Data storage comprises of primary storage, often referred to as main memory, and secondary or auxiliary storage.In cloud data the order of level in which the data is stored is memory card, HDD or SSD storage,generally adopted by consumers.Cloud storage is preferred by enterprise
North America Dominates in Share and Growth in Data Storage Market:
Currently North America is the leading market holder with remarkable growth in data storage solutions. The growing analytics and cloud computing is driving the demand for the new data centre infrastructure. The rapid rise in the economic growth, coupled with an exponential increase in the internet users in the Asia-Pacific region, is likely to drive the market. The substructure allied with the data storagecentersis growing in certain countries like India, China and Japan where refurbishing the old ones, is expected to boost the use of data centers.
Selected Type and Frequency Analysis Done in the Full Report:
The findings say more than 72% of the global organization will migrate to cloud storage platform.Growing demand for low cost data backup, and security across all the enterprises is boosting the usage of cloud storage adoption. The hybrid cloud storage is anticipated to occupy a significant share of whole cloud storage market for the forecast period of 2018 to 2023.
Selected Driving Factors Mentioned in the Full Report:
• Recently Innoviumlnc., declared launching of advanced version switch software platform for data centers. This software has different capabilities,and deliver performance up to 12.8 Tera Byte. The adoption of high efficient, and robust with superior performance data storage is expected to fuel the data storagemarket growth.
• Trends like artificial intelligence and machine learning, the Internet of the Things (IoT), software defined storage, object storage and hyper convergence infrastructure storage to increase scalability will help the data storage in impacting businesses.
Key Players of the Data Storage Market:
The leadingplayers in data storage market for Enterprise Data Storage companies are Alphabet, Inc., Amazon Web Service, Inc., DropBox, Inc., IBM, SAP and Rackspace hosting, Inc.Consumer Data storage Companies are Sony, Toshiba, Freecom, Transcend Information, and Samsung. Amazon Web Service, Inc., has its cloud web storage service Amazon S3 that offers a highly scalable, and secure destination for back-up and archiving of critical data.
The Data Storage Marketis Segmented as Indicated Below:
The growing popularity of improvement IoT and adoption of electronic devices will drive the demand for data storage market.
A. Data Storage Market By Applications
1. Enterprise Data Storage
1.1 Software-Defined Storage (SDS)
1.2 Hard Disk & Flash Storage
1.3 Hyper-Converged Infrastructure
1.4 Cloud-based Storage
2. Consumer Data Storage
2.1 Memory Cards
2.2 Hard Disk Drive (HDD)
2.3 Optical Disk
2.4 Solid State Devices (SSD)
2.5 USB Flash Drives
A. Next Generation Data Storage Technologies Market
B. Spintronics Product and Application Market
What can you expect from the report?
The Data Storage Market Report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
Any other major customizations can be discussed with our team. We can also provide you with a separate quote based on your requirements. You can drop an e-mail to [email protected] to learn more about our consulting services.
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