Data Storage Market

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A Close Look At The Latest Research Trends Within
The Data Storage Market
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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.

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 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.

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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.

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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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