Data Deduplication is a process usually adopted in cloud computing where the excessive copies of same data are deleted to decrease the storage data requirements of the firm. It helps the firms save up cost in data storage, as well as optimizes their storage management and related operations. The increasing adoption of cloud computing technologies enables the growth of the data deduplication. Surge in structured as well as unstructured data has also led the demand from companies to optimize their data storage which indirectly leads to the growth of the data deduplication. North America is currently the largest market of the data deduplication.This growth is primarily driven by Growing Adoption of Cloud Computing Solutions and Surge in Data Collection.
Globally, a noticeable market trend is evident Hybrid Cloud is rising in Popularity. Major Players, such as IBM Corporation (United States), Oracle Corporation (United States), Dell Inc. (United States), ExaGrid Systems, Inc. (United States), Hitachi Vantara Corporation (United States), StrategicDB Corporation (Canada), DQ Global (United Kingdom), FalconStor Software (United States), NortonLifeLock Inc. (United States) and Fujitsu Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2018, Pure Storage, a United States based technology company which specialises in data storage solutions has announced acquisition of StorReduce, a software developer which works on deduplicating, managing and migrating data. The acquisition of the StorReduce allows for better services to be offered under secured data backup and optimization.
In 2020, VMware, Inc., an American multinational cloud computing company has announced acquisition of Datrium, which specialises in Disaster Recovery as a Service provider. The acquisition will also lead to combined synergies as well as Datrium DRaaS will better compliment VMware’s Site Recovery.
- Growing Adoption of Cloud Computing Solutions
- Surge in Data Collection
- Hybrid Cloud is rising in Popularity
- Privacy Concerns Associated with Process
SMEs Present Huge Opportunity to Grow
Increasing Incidents of Data Breach
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Data Deduplication Study Sheds Light on
The Data Deduplication Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Data Deduplication industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Data Deduplication industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Data Deduplication Market?
The Data Deduplication market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Data Deduplication Market?
Top performing companies in the Global Data Deduplication market are IBM Corporation (United States), Oracle Corporation (United States), Dell Inc. (United States), ExaGrid Systems, Inc. (United States), Hitachi Vantara Corporation (United States), StrategicDB Corporation (Canada), DQ Global (United Kingdom), FalconStor Software (United States), NortonLifeLock Inc. (United States) and Fujitsu Ltd. (Japan), to name a few.
3. Which region dominated the worldwide market for Data Deduplication in 2020?
is dominating the Data Deduplication Market.