Global Data Storage Market Overview:
Data Storage is a collection of methods and advanced technologies that enables to store information of an individual or organization. Data storage is a digital machine-readable medium known as called digital data. It archives the data in electromagnetic or other forms for use by electronic devices such as computers, mobiles, or other devices. The most prevalent forms of data storage are file storage, block storage, and object storage, with each being ideal for different purposes. These storage are used to store information such as pictures, videos, and documents in various formats. It enables to easily access the information stored by using hardware devices on computers or accessing cloud database through the internet.
- Growing Need For Storage Space by Enterprises
- Rising Adoption of Cloud Technology
- Demand for Data Storage in Banking Sector
- Growth of Internet of Things (IoT) Market
- Trend for Digitization by Huge Corporate Giants Across the Globe
- Lack of Security and Less Structured Data
- Live Streaming of Online Content and Data Generation Through Client Interaction Increased the Demand for High Capacity Data Storage
- Increased Need for Data Analytics
- Possibilities of Losing Data
- Delivering Robust and High-Speed Data Storage
In Data Storage Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are SanDisk Corporation (United States), IBM Corporation (United States), Microsoft Corporation (United States), Toshiba Corporation (Japan), Hewlett Packard Development Company (United States), VMware, Inc. (United States), NetApp, Inc. (United States), OpenText Corporation (Canada), Hitachi, Ltd. (Japan), Dell EMC (United States), Alphabet, Inc. (United States), Amazon Web Services (United States), Samsung Group (South Korea), Pure Storage (United States) and Seagate Technology PLC (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Data Storage market by 2025. Considering Market by Storage Architecture, the sub-segment i.e. Block Storage will boost the Data Storage market. Considering Market by Use, the sub-segment i.e. Consumer Storage will boost the Data Storage market. Considering Market by Mutability, the sub-segment i.e. Read/Write Storage or Mutable Storage will boost the Data Storage market. Considering Market by Data Storage Capacity, the sub-segment i.e. Kilobyte will boost the Data Storage market.
In November 2019, OpenText acquired the cloud backup and storage service vendor Carbonite for USD 1.42 billion. This acquisition will further strengthen OpenText as a leader in cloud platforms, complete endpoint security and protection.
In January 2017, SanDisk launched a new high-performance 256GB* SanDisk Extreme PRO USB 3.1 Solid State Flash Drive. This storage drive delivers the speed, capacity, and reliability of an SSD in the convenient form factor of a small USB flash drive. It is ideal for creative professionals, tech enthusiasts, or anyone who creates and shares massive files.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data 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 Data 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 New Entrants/Investors, Analysts and Strategic Business Planners, Data Storage Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
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.