Global Data Storage Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Data Storage Market Size Covers Global Industry Analysis, Size, Share, CAGR, Trends, Forecast And Business Opportunity.
Need a PDF of the global market report? Visit: https://industrystatsreport.com/Request/Sample?ResearchPostId=12801&RequestType=Sample
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.
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.
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.
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.
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.
Global Data Storage Market Regional Analysis–
North America is expected to dominate the growth data storage market with the potential rate due to surge in adoption rate of advanced technology like IoT devices, artificial intelligence, as well as penetration of digital platforms in this region followed by Europe and Asia Pacific. According to a recent report of United Nations Conference on Trade and Development, IoT devices were an estimitated 9.9 billion in 2019 to grow 21.5 billion in 2025 and the United States and China accounts for around 50% of global IoT spending on the devices and 25% by the major countries from Asia Pacific and Europe including United Kingdom, Japan, France, Republic Korea and Germany. This massive rise in the IoT devices market has generated huge opportunity for the data storage market which is the heart of every IoT device.
Europe region is expected to grow at a significant rate due to surge in followed by Asia Pacific. During the Covid-19 pandemic, all the industry has noted somehow slack in the sale including smart phones, laptops, tablets and many others which has impacted the data storage market.
The Asia Pacific is the largest still the world's strongest growth market for the growth of data storage due to presence of electronic devices manufacturing industry with surge in population. China is the leading region to contribute the data storage market due to early adoption of advanced technology like IoT devices, AI, big data, cloud & hybrid storage systems.
Key Benefits for Global Data storage Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
By Product Type:
By Technique of Storage:
By Regional & Country Analysis:
Rest of Middle East and Africa
Need a PDF of the global market report? Visit: https://industrystatsreport.com/Request/Sample?ResearchPostId=12801&RequestType=Methodology
Table of Content:
Market Overview: The report begins with this section where product overview and highlights of product and application segments of the Global Data Storage Market are provided. Highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.
Competition by Company: Here, the competition in the Worldwide Global Data Storage Market is analyzed, By price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.
Company Profiles and Sales Data: As the name suggests, this section gives the sales data of key players of the Global Data Storage Market as well as some useful information on their business. It talks about the gross margin, price, revenue, products, and their specifications, type, applications, competitors, manufacturing base, and the main business of key players operating in the Global Data Storage Market.
Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the Global Data Storage Market is deeply analyzed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.
Application or End User: This section of the research study shows how different end-user/application segments contribute to the Global Data Storage Market.
Market Forecast: Here, the report offers a complete forecast of the Global Data Storage Market by product, application, and region. It also offers global sales and revenue forecast for all years of the forecast period.
Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.
We publish market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students.
Interested in this report?