A Close Look At The Latest Research Trends Within The Data Storage Market
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. Furthermore, availability of cheap smart phones and reductiondecline in the consumer data storage devices, such as hard disk (HDDs), solid state drive (SSDs), is encouraging the backupstorage market.
Selected Regulatory 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. This is due to greater flexibility in comparison to both public and private cloud storage. In end-user verticals BFSI, and retail are the leading adopter ofonlinecloud storage. The usage of Microsoft Azure increased from 26% to 43%, Amazon Web Service (AWS)adoption has increased from 56% to 59%. This isexpected to boost the cloud based storage in the enterprise, thus propelling the market growth. Banking and financial service industry is leading in the data storage market.
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. Microsoft announced to launch Archive Blob storage starting at a price of USD 0.002 per gigabyte per month. This storage helps the customers to reduce
storage costs by optimizing storage data that is accessed frequently. The storage is developed under the usage in security camera footage, X-Rays in healthcare organizations, audio recording, and transcripts of customers calls in financial services.
Key Players of the Data Storage Market IBM Corporation NetApp Inc. Microsoft Corporation
Hewlett Packard Development Company, L.P. Sandisk Corporation Hitachi Data System Corporation Nexenta Systems Inc.
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