What is Enterprise Data Storage Market Scope?
Data storage hereby describes the technical means by which any form of digital data is collected and archived for the purpose of usage by a computer or any other device. The data memory comprises primary memory, which is often referred to as main memory, and secondary or auxiliary memory. In cloud data, the order of the level in which the data is stored on a memory card, hard drive, or SSD storage is generally adopted by consumers. Businesses prefer cloud storage. An enterprise storage system is a central repository in which business data and information are stored for a specific period of time depending on the needs of a company. The stored information can serve as a backup in the event of a disaster or system failure. In addition, enterprise storage is a highly scalable, fault-tolerant, and reliable storage option compared to traditional storage systems. Therefore, enterprise storage systems are better suited for companies that work with large amounts of data. Corporate storage includes hard disk drives (HDD) and solid-state drives (SSD), which are commonly used in SAN (Storage Area Networks), NAS, and DAS (Direct Attached Storage) environments. An enterprise storage system offers advantages such as data exchange, disaster recovery and high accessibility, recovery functions, and reliable and efficient backup as well as remote support and centralized administration.
The Enterprise Data Storage market study is being classified by Type (Cloud Storage, Network Storage, Unified Storage, Direct Attached Storage, Storage Area Network, Software-Defined Storage and Others), by Application (Industrial, Government, BFSI, Telecom, Education, Media and Entertainment and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Enterprise Data Storage market throughout the predicted period.
Microsoft Corporation (United States), Dell (United States), Hewlett Packard (United States), Hitachi Vantara Corporation (Hong Kong), Huawei Technologies Co., Ltd. (China), NetApp (United States), IBM Corporation (United States), SAS Institute Inc. (United States), Teradata Corporation (United States), Amazon Web Services, Inc. (United States), Oracle Corporation (United States), SAP SE (Germany), Talend (United States) and Symantec (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cloudera, Inc. (United States), Ataccama (Canada), Micro Focus International plc (United Kingdom) and Actian (United States).
Analyst at AMA have segmented the market study of Global Enterprise Data Storage market by Type, Application and Region.
On the basis of geography, the market of Enterprise Data Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In September 2019, Oracle added new innovations to its data management portfolio. These innovations include enhancements to autonomous database capabilities, enhancements to the Exadata portfolio, and accelerations in database software innovation that enable database access for developers and automate customer data protection.
Influencing Market Trend
- The Expansion of the Internet of Things (IoT) Has Added Numerous New Sources of Big Data into the Data Management Background
- Increase Scalability with Artificial Intelligence and Machine Learning, the Internet of the Things (IoT), Software-Defined Storage, Object Storage, and Hyper-Convergence Infrastructure Storage
- The High Adoption of Cloud Storage Technology
- The Rapid Increase in Consumer and Machine Data Developments
- Increasing Need for Smartphones, Laptops, PCs and Online Storage Software
- Growing Demand for Low-Cost Data Backup and Security across All the Enterprises
- Increasing Scalability, Flexibility, and Automation Capabilities of an Enterprise Storage Infrastructure
- Embracing Network-Attached Storage (NAS) Solutions
- Concerns Regarding Data Privacy
- Lack of Awareness and Skilled Technical Professionals
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Providers of Enterprise Data Storage, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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