Data storage is the recording of data in digital form. Storage of data is a key component among all digital devices, it stores all information ranging from personal information to business-critical information, this provides a significant market growth for the data storage market. Moreover, increasing the volume of data coupled with the growing penetration of cloud services in the enterprises is heavily demanding for the data storage facility which also influences the growth of the data storage market.
MARKET DYNAMICS
Businesses across the globe are adopting scale-out architecture such as hyper-converged infrastructure and storage virtualization to improve infrastructure efficiency is the major factor contributing to the data storage market growth. However, data security issues and the possibility of losing data may hamper the growth of the market. Furthermore, increasing focus on reducing the extraneous paperwork and digitizing each transaction to streamline the operations in the BFSI sector are propelling the growth of the data storage market. Consumers are generating a large amount of data and media files each year due to the advent and subsequent prevalence IoT and availability of high-speed internet which creates a lucrative opportunity for the vendors of the data storage market.
MARKET SCOPE
The "Global Data Storage Market Analysis to 2028" is a specialized and in-depth study of the data storage industry with a special focus on the global market trend analysis. The report aims to provide an overview data storage market with detailed market segmentation storage type, end-user, and geography. The global Data storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Data storage market players and offers key trends and opportunities in the data storage market.
MARKET SEGMENTATION
The global data storage market is segmented on the basis of storage type, end-user. On the basis of storage type the market is segmented as consumer storage, enterprise storage. On the basis of end-user the market is segmented BFSI, IT and telecom, education, government and defense, media and entertainment, healthcare, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Data storage market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The data storage market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting data storage market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the data storage market in these regions.
MARKET PLAYERS
The reports cover key developments in the data storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Data storage market are anticipated to lucrative growth opportunities in the future with the rising demand for data storage in the global market. Below mentioned is the list of few companies engaged in the data storage market.
The report also includes the profiles of key data storage companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- DataDirect Networks, Inc.
- Dell Inc.
- Hewlett Packard Enterprise Development LP
- Hitachi, Ltd.
- IBM Corporation
- Microsoft Corporation
- NetApp, Inc.
- Seagate Technology LLC
- Toshiba Corporation
- Western Digital Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.