Data Storage Market delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.
Data Storage Market is valued at USD 54.03 Billion in 2018 and expected to reach USD 120.94 Billion by 2025 with the CAGR of 12.2% over the forecast period. Increasing demand for storage of huge data volume due to the digitalization in the many industries including healthcare, banking, financial services and insurance (BFSI), retail, etc. and the increased growth of IoT devices, smart phones, laptop, and many other devices are some major factor driving the growth of Data storage market.
Key players for Global Data Storage Market Report–
Global data storage market reports cover prominent players Microsoft Corporation, VMware, Inc., Hewlett Packard Enterprise Co., IBM Corporation, NetApp, Nexenta Systems, Open Text Corp., SanDisk Corporation, Hitachi, Ltd., Dell Inc, and others.
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Scope of Global Data Storage Market Report–
Data storage is the method of storing the information in the form of on electromagnetic, optical or silicon-based storage media. It is used to archive, organize, and share the data applications of network protocols, documents to media, and address books to user using information technology. It is the main component of big data technology, IoT connected devices, digital camcorders and many others. There are different types of storage including hard disk drives (HDDs), RAM, and floppy disks, solid-state storage, optical storage, magnetic tape and many others.
These electronic data storage requires electrical power to store and retrieve data. The next generation data storage is shrinking the size of the devices with the help of nano-technology. The next generation solid state drive (SSD) type of storage devices are estimated to emerge as one of the fastest-growing technology, supported by data encryption and storage using electronic chips instead of magnetic strips which enhances the life of device. The data storage is easily available with affordable prices and simple storage technologies to promote people to store the data used in many sectors including healthcare, BFSI and many others.
The Global Data Storage Market is segmented on the basis of product type, technique of storage, end-user, and region & country level. On the basis of product type, the market is classifies as hard disk drive (HDD), solid state drive (SSD), and hybrid flash array and many others. On the basis of technique of storage, the global data storage is classified as direct-attached storage, storage area network, on-premise, cloud based, network-attached storage and many others. On the basis of end-user, the global data storage is segmented into healthcare, BFSI, retail, government bodies, telecom companies and others.
Global Data Storage Market Segmentation:–
By Product Type:
- Hard Disk Drive (HDD)
- Solid state drive (SSD)
- hybrid flash array
- Others
By Technique of Storage:
- Direct-attached storage
- Storage area network
- On-premise
- Cloud based
- Network-attached storage
- Others
By End-user:
- Healthcare
- BFSI
- Retail
- government bodies
- Telecom companies
- Others
The regions covered in global data storage market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global data storage market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Data Storage Market Dynamics–
The major factors driving the growth of global data storage market are increasing demand for storage of huge data volume due to digitalization in the many industries including healthcare, banking, financial services and insurance (BFSI), retail, etc., and the surge in growth of IoT devices, smart phones, laptop, and many other devices. According to the recent research, the worldwide enterprise storage systems market was increased from 57.3 year-over-year to 113.9 Exabyte with 19.4 percent year-over-year increment in last quarter of 2018. In addition, according to the United Nations Conference on Trade and Development in 2017, the global Internet Protocol (IP) traffic, a proxy for data flows, grew to 45,000 GB per second and yet the world is only in the early days of the data-driven economy by 2022 global IP traffic is expected to reach 150,700 GB per second, fuelled by the expansion of the Internet of Things (IoT), and more online traffic increasing at rapid pace. This rapidly increase in the traffic will generates the massive data which automatically fuel the demand for next generation storage devices.
However, one of the major factors that restrict the data storage market are data breaches hence need security solution to safeguard the data and magnetic data storage devices has lower life span as compare to next generation cloud and SSD type storage. Moreover, rising focus on manufacturing of next generation data storage systems with technological advancement using artificial intelligence, advent of nanotechnology, big data, IoT, and growing market penetration of solid-state drives and cloud solutions, the hybrid flash array for the growing demand for efficiency and performance across complex enterprise applications can create huge opportunity for the further growth of the global data storage market.
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Table of Content
1 Study Coverage
1.1 Data Storage Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Data Storage Market Size
2.1.1 Global Data Storage Revenue 2014-2025
2.1.2 Global Data Storage Production 2014-2025
2.2 Data Storage Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Data Storage Manufacturers
2.3.2.1 Data Storage Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Data Storage Product Offered
2.3.2.3 Date of Manufacturers Enter into Data Storage Market
2.4 Key Trends for Data Storage Markets & Products
3 Market Size by Manufacturers
3.1 Data Storage Production by Manufacturers
3.1.1 Data Storage Production by Manufacturers
3.1.2 Data Storage Production Market Share by Manufacturers
3.2 Data Storage Revenue by Manufacturers
3.2.1 Data Storage Revenue by Manufacturers (2014-2019)
3.2.2 Data Storage Revenue Share by Manufacturers (2014-2019)
3.3 Data Storage Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
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