What is Storage Resource Management Tool Market Scope?
Storage resource management (SRM) is the process of efficiently exploiting a storage area network (SAN). SRM classifies unused or underutilized storage and out-of-date data for transfer to less expensive media alternatives and streamlines the forecast of future storage requirements. Data storage media and management costs are on the rise, due to data's steady rate of annual growth (50-100 percent). As a result, organizations are now pursuing automated and more effective SRM solutions. SRM also facilitates the management of network development, configuration, events, policies, quotas and storage media. This improves efficiency, as manual configuration tasks are time-consuming for network administrators (NA).
The Storage Resource Management Tool market study is being classified, by Application (Data protection and recovery, Storage and device management, Storage replication, Archiving, Storage virtualization 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. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Storage Resource Management Tool market throughout the predicted period.
Etymotic Research (United States), Honeywell (United States), Phonak (Switzerland), Dell EMC (United States), IBM (United States), NetApp (United States), Huawei Technologies (China), Hewlett-Packard (United States), Hitachi Data Systems (United States), Symantec (United States), CA Technologies (United States), Oracle Corporation (United States) and SolarWinds Worldwide, LLC (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Storage Resource Management Tool market by Type, Application and Region.
On the basis of geography, the market of Storage Resource Management Tool has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Organizations Are Investing Major Proportion of Their Budget in Their ICT Spending Due to Increasing Data at A Higher Pace
- Organizations Are Now Seeking Automated and More Effective SRM Solutions
- Rising Demand for Storage Virtualization are Guiding the Storage Resource Management Tools
- Increasing Demand for Cost Efficient Data Management and a Secure Storage Infrastructure
- Increasingly Distributed and Complex Systems
Key Target AudienceSoftware Providers, Technology Providers, End-User Industry, Governmental Bodies and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Storage Resource Management Tool market expands?
The Global Storage Resource Management Tool market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Storage Resource Management Tool market?
The prominent players of Global Storage Resource Management Tool market are Etymotic Research (United States), Honeywell (United States), Phonak (Switzerland), Dell EMC (United States), IBM (United States), NetApp (United States), Huawei Technologies (China), Hewlett-Packard (United States), Hitachi Data Systems (United States), Symantec (United States), CA Technologies (United States), Oracle Corporation (United States) and SolarWinds Worldwide, LLC (United States), to name a few.
3. What are the top priorities to focus for Storage Resource Management Tool marketís growth?
In this highly competitive & fast evolving Storage Resource Management Tool industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.