The new report by EMR titled, ‘Global Data Storage Market Report and Forecast 2021-2026’, gives 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.
Note 1: 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.
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The key highlights of the report include:
Market Overview (2016-2026): –
- Forecast CAGR (2021-2026): 26%
As the amount of information generated across the enterprise sector is constantly growing and customers are looking for improved options for storing and managing their information, market players are focused on creating scalable, reliable, and versatile cloud platforms. Market players are investing in revolutionary cloud technology such as crystal etching to exploit the storing capabilities of the cloud. The combination of Big Data analytics and cloud storage enables data storage companies of the next generation to build real-time and efficient access across all channels to improve customer experience, especially for online shopping and internet banking.
Industry Definition and Major Segments
The method of storing data in the form of electromagnetic, optical, or silicon-based storage media is data storage. It is used to store, organize, and exchange network protocol data applications, media records, and user address books using information technology. It is the key component of big data technology, optical camcorders, IoT linked devices and many others.
On the basis of storage architecture, the market can be bifurcated into:
- File and Object Based Storage
- Block Storage
Based on storage type, the industry is being 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
By storage system, the market is divided into:
- Direct-Attached Storage
- Network-Attached Storage
- Storage Area Network
Based on end use, the market is divided into:
- Media and Entertainment
- Education
- IT and Telecommunications
- Defence and Aerospace
- Banking, Financial Services and Insurance (BFSI)
- Cloud Service Providers
- Others
Based on region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
A major growth contributor in the demand for next-generation data storage is the growing development of information from input-output electronic devices used across a variety of applications across an increasing range of industries. The need for its preservation and organisation is expressed in the generation of data across many sectors. Internet shopping, smart technology, and automated systems are some of the recent technological developments causing a major paradigm to change in the industry. In addition, growing support for R&D activities to build new technologies to meet customer needs is helping to generate revenue in the data storage industry.
Over the forecast period, Asia Pacific is poised to experience the highest demand growth for next-generation data storage. The key factors expected to lead to increased demand for reliable, stable, and cost-effective storage infrastructure in the area are a rapid increase in the number of laptop and smartphone users, a rise in disposable income, and increasing market awareness. It is also possible that the growing number of small- and medium-sized enterprises across many sectors in the region would work well for the regional market.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/data-storage-market
Key Market Players
The major players in the market are IBM Corporation, NetApp, Inc., Microsoft Corporation, Pure Storage, Inc., Dell Inc., Samsung Electronics, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: 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.
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