Erasure Coding Market Scope
In the current day and age, data security, management, and storage have become an imperative part of organizations operating in an array of industrial domains. At present, within the data resilience sphere, conventional SAN storage that operates using Redundant Array of Independent Disks (RAID) is gradually losing its sheen, owing to evolving data requirements. Although mirroring, parity and striping in RAID implementation offer a high degree of protection, some of the restraints including, high recovery timings, the steep cost of resiliency, and vulnerability associated with RAID recovery have played a major role in the development of alternatives such as erasure coding, that is predominantly different in comparison with other hardware-based systems.
The Erasure Coding market study is segmented, by Application (BFSI, Retail, Government, Healthcare, IT & Telecom, Media & Entertainment, Manufacturing, Energy & Utility 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.
Hewlett Packard Enterprise Company, Teradata Corporation, Pure Storage, Inc., Pivot3, Oracle Corporation, Nutanix, Inc., NetApp, Inc, Nephos Technologies, Lenovo, Huawei Technologies Co., Ltd., Hitachi Ltd., Fujitsu Limited, and Alphabet Inc. are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Erasure Coding market by Type, Application and Region.
On the basis of geography, the market of Erasure Coding 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).
- Advent of erasure coding to positively influence hadoop storage economics
- Enhanced protection erasure coding offers during the recovery is another major factor that is expected to boost the prospects of the erasure coding market
- Technological advancements and evolving data requirements are set to play an important role in boosting the prospects of the erasure coding
- Increased number of storage nodes and sites required
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Erasure Coding Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.