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Enterprise Data Storage Market

Global Enterprise Data Storage Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: IM10419
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Category : IT Security

The global enterprise data storage market is growing at a rapid pace, as more data is being digitized and deposited on storage disks of different size capacities. The increased demand for cloud computing services is a major growth driver, which is fuelling the growth of the global enterprise data storage market. Enterprises throughout the world have started to shift towards cloud-based solutions to reduce costs and improve their overall business efficiency. Approximately 65% enterprises worldwide are already using cloud based services for efficient data storage. As compared to the conventional storage system, enterprise storage is fault-tolerant, highly reliable, and has accessible storage option, which is mostly appropriate for the organizations handling large amount of data.

Enterprise Data Storage is the centralized source for storage of business information, which provides data protection and management. Enterprise data storage provides data sharing functions, through connections to various computer systems. It is developed as a resolution for the enterprises, which deal with heavy loads of critical business information. The unconstrained connectivity and support for numerous platforms in operation are some of the key features of enterprise data storage, which is again propelling the growth of the global enterprise data storage market.

Based on storage systems, the global enterprise data storage market can be segmented into storage area network (SAN), network attached storage (NAS), direct attached storage (DAS), and others.

The direct-attached storage (DAS) is a digital storage attached to the computer, which has its access. The network attached storage systems are networked appliances, which comprise one or more storage drives, arranged into redundant, logical, storage containers. The network attached storage is designed for storing or managing files either by its software, hardware, or other configuration. A storage area network (SAN) is any high-performance set-up, whose key purpose is to facilitate storage devices for communicating with each other, as well as with computer systems. The storage area network provides data storage benefits, such as disaster recovery; high availability; and reliable and efficient backup, and restoration functions, along with centralized remote support and administration. The storage area network involves creating multiple paths to all data, so that failure of a server never results in loss of critical information.

As organizations are turning into big enterprises, the need for enterprise data storage is also increasing. Data storage systems need to be durable, scalable, low in cost, agile, and should be able capable to handle huge loads of data and sustain the huge data growth. The development of big data analytics is a major trend witnessed in the global enterprise data storage market. The management of large, unstructured, complex data is not possible through conventional data processing techniques. Big data analytics has been introduced to solve the challenge, over unstructured information or data.

However, data security is a major challenge for the global enterprise data storage market. Enterprises need effective storage mechanisms to process and store the growing data volumes. The security of data has become a difficult task for vendors, though innovations in the data security sector are being introduced by software manufacturers to improve data security for enterprises.

The global enterprise data storage market is dominated by major players, which include EMC Corporation, Dell, Hewlett-Packard Development Company L.P., International Business Machines S.A. (IBM), and NetApp, These players account for a double digit market share in the global enterprise data storage market. The other competitors in the global enterprise data storage market include Western Digital Technologies Inc., FUJITSU, Seagate Technology LLC, Xiotech Corporation, Pure Storage Inc., Oracle Corp. 

 

Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of segments
  • Highlights the competitive scenario of the market and major competitors
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

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