The new report by Expert Market Research titled, ‘Global Data Storage Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Global Data Storage market, assessing the market based on its segments like Storage Architecture, Storage Type, Storage System, End-Use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/data-storage-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 26%
The gigantic growth of digital data and accelerated usage of smartphones, various multimedia applications and laptops, etc. are intensifying the growth of global data storage market. Data storage finds its exhaustive applications in the IT industry, telecom industry and other software-integrated companies with massive data collection. This is an attributing factor to the fast-tracking data storage market. Penetration of data storage through cloud computing is one of the prominent factors augmenting the growth of the market. New software development has created beneficial prospects for the growth of the market. On-going technological advancements and early adoption in the field of IT and digital communication has fuelled the growth of the market in the forecasted period.
Industry Definition and Major Segments
Data storage refers to the collection of data and information by employing optical, silicon-based and electromagnetic computer components. Preservation of critical and confidential data is a key objective of large businesses, which is bolstering the data storage market. Basis the storage types, the market is segmented under enterprise and consumer storage of which enterprise storage is expected to hold a significant share in the market owing to the increased usage of data generation leading to the growing demand of next-generation system. Based on storage system, the market is bifurcated into direct-attached, network-attached and storage area network. Network-attached market is forecasted to grow at a high CAGR owing to ease of accessibility, cost-effective solutions, and other advantageous benefits. Basis region, the market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The Asia Pacific holds a significant share in the global data storage market, attributing to an increased usage of smartphones, enhanced sales of hard drives and other storage devices.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/data-storage-market
On the basis of storage architecture, the market can be bifurcated into:
- File and Object Based Storage
- Block Storage
On the basis of Storage Type, the industry is segmented into:
- Enterprise Storage
- Flash Storage
- Cloud Based Storage
- Hard Disk Drive (HDD)
- Software Defined Storage
- Hyper-Converged Infrastructure
- Others
- Consumer Storage
- Optical Disk
- Memory Card
- USB Flash Drives
- Solid State Devices
- Hard Disk Drive (HDD)
- Others
On the basis of Storage System, the industry is divided into:
- Direct-Attached Storage
- Network-Attached Storage
- Storage Area Network
On the basis of End-Use, the industry is divided into:
- Media and Entertainment
- Education
- IT and Telecommunications
- Defense and Aerospace
- Banking, Financial Services and Insurance (BFSI)
- Cloud Service Providers
- Others
On the basis of Region, the industry is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Trends
Rapid penetration of the internet owing to rising volumes of data transfer is boosting the demand for data storage. In addition to this, growing digitisation and technological advancements are further bolstering the market. Market trends such as increased access the IoT (Internet of Things), artificial intelligence and e-learning applications have enhanced the data storage market and are expected to fuel the market in the forecasted period as well. Ease of accessibility to store large data sets and availability of cloud storage have made the data storage simpler propelling the growth of the market. Reliable accessibility of the data for small as well as mid-sized businesses is aiding the growth of the e-commerce sector. The demand from these sectors is fuelling the growth of the data storage market. Big data analysis necessitates the demand for large storage capacity (terabytes and petabytes) that supports the demand for storage devices.
Key Market Players
The major players in the market are IBM Corporation, NetApp, Inc., Microsoft Corporation, Pure Storage, Inc., Dell Inc., Samsung Electronics, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Barite Market: https://www.expertmarketresearch.com/reports/barite-market
Lighting Market: https://www.expertmarketresearch.com/reports/lighting-market
Stroboscope Market: https://www.expertmarketresearch.com/reports/stroboscope-market
Silicon Photonics Market: https://www.expertmarketresearch.com/reports/silicon-photonics-market
Interior Car Accessories Market – https://www.expertmarketresearch.com/reports/interior-car-accessories-market
Automotive Lead-acid Battery Market – https://www.expertmarketresearch.com/reports/automotive-lead-acid-battery-market
Rechargeable Battery Market – https://www.expertmarketresearch.com/reports/rechargeable-battery-market
Nanowire Battery Market – https://www.expertmarketresearch.com/reports/nanowire-battery-market
Micro Battery Market – https://www.expertmarketresearch.com/reports/micro-battery-market
Absorbed Glass Mat Battery Market – https://www.expertmarketresearch.com/reports/absorbed-glass-mat-battery-market
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person:-Adam Lee, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
0 Comments:
Post a Comment