Global File And Object Based Storage Market Overview:
File-based storage is also known as file-level storage. It is the type of data storage where information is put away in a hierarchical file and folder structure. A document is put away in general without separating the information into blocks. Object-based storage is a type of data storage utilized to deal with enormous volumes of unstructured information where information is packaged alongside metadata tags and a one-of-a-kind identifier. Currently, a large number of data produced by huge undertakings and people is bringing about the need for file and object-based storage. The amount of information produced worldwide is rising dramatically, the greater part being unstructured information including photographs, recordings, sound documents, and different media which is setting out gigantic market opportunities for the file-and object-based storage market.
- Growing the volume of digital data generated from digital platforms
- Increase in use of robotics in manufacturing facilities and home automation, and decision-making in enterprises
- Due to the humongous amount of data generated, scalable performance becomes difficult to achieve
- To expand capacity in order to improve performance leads to an increase in costs
- Development of infrastructure related to storage in emerging countries
- With the increase in demand for file and object-based storage, continuous advancement in technology in order to improve scalable performance
- Integration of object-based storage in enterprise’s infrastructure
- Reduce the data theft and security risk related concerns
The file and object-based storage market is a competitive market and currently, several players, with a few of the major players, dominate the market. Many leading companies are working on this technology due to the numerous advantages it provides over the other storage options. Also, they collaborate with other companies to improve their solution and make technological advancements.
Some of the key players profiled in the report are Cleversafe (United States), Cloudian (United States), DataDirect Networks (United States), Dell Inc. (United States), EMC Atmos (United States), Hitachi Data Systems (United States), IBM (United States), NetApp Inc. (United States), Scality (United States) and Oracle (United States). Additionally, following companies can also be profiled that are part of our coverage like Pure Storage (United States), OVH Cloud (France) and Qumulo (United States). Analyst at AMA Research see United States Players to retain maximum share of Global File And Object Based Storage market by 2026.
Latest Market Insights:
On 14 April 2021, Cloudian announced that Teletek, one of Turkey’s most well-established cloud infrastructure service providers, has integrated Cloudian’s HyperStore object storage into its VMware-based cloud services offerings. This has enabled Teletek to keep pace with the accelerated rate of digital transformation among its customers and resulting demands for more scalable and advanced data storage., and In April 2019, Google launched a new archival cold storage service at its Cloud Next conference that will complement the company’s existing Nearline and Coldline services for storing infrequently used data at an affordable low cost. Google’s new object storage service reportedly uses the same APIs as its other storage classes and enables users to redundantly store data across availability zones, with eleven 9’s of annual durability.
On 3 November 2020, Exxact Corporation, a leading provider of high-performance computing (HPC), artificial intelligence (AI), and data center solutions, announced the Partnership with DDN to Integrate Storage Solutions for AI and HPC Workloads. This partnership is to meet the ever-increasing requirement of today’s enterprise of data creation and persistent storage to active archives and the cloud.
What Can be Explored with the File And Object Based Storage Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global File And Object Based Storage Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in File And Object Based Storage
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global File And Object Based Storage market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in File And Object Based Storage market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, IT Firms, Government Regulatory Bodies, Private Research Institutions and Data Storage Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global File And Object Based Storage Market?
The File And Object Based Storage market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in File And Object Based Storage Market?
Top performing companies in the Global File And Object Based Storage market are Cleversafe (United States), Cloudian (United States), DataDirect Networks (United States), Dell Inc. (United States), EMC Atmos (United States), Hitachi Data Systems (United States), IBM (United States), NetApp Inc. (United States), Scality (United States) and Oracle (United States), to name a few.
3. What trending factors would impact File And Object Based Storage Market growth most?
"Increase in the adoption of file and object-based storage across industries due to the generation of a large volume of data
" is seen as one of major influencing trends for File And Object Based Storage Market during projected period 2020-2026.