Global Data Storage Cable Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)
Data Storage Industry 2020 Global Market research report studies the latest Data Storage industry aspects market size, share, trends, Opportunities and Strategies To Boost Growth, business overview, revenue, demand, marketplace expanding, technological innovations, recent development, and Data Storage industry scenario during the forecast period (2020-2025).
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Data Storage Market is valued at USD 54.03 Billion in 2018 and expected to reach USD 120.94 Billion by 2025 with the CAGR of 12.2% over the forecast period.
Increasing demand for storage of huge data volume due to the digitalization in the many industries including healthcare, banking, financial services and insurance (BFSI), retail, etc. and the increased growth of IoT devices, smart phones, laptop, and many other devices are some major factor driving the growth of Data storage market.
Scope of Global Data Storage Market Report–
Data storage is the method of storing the information in the form of on electromagnetic, optical or silicon-based storage media. It is used to archive, organize, and share the data applications of network protocols, documents to media, and address books to user using information technology. It is the main component of big data technology, IoT connected devices, digital camcorders and many others. There are different types of storage including hard disk drives (HDDs), RAM, and floppy disks, solid-state storage, optical storage, magnetic tape and many others. These electronic data storage requires electrical power to store and retrieve data. The next generation data storage is shrinking the size of the devices with the help of nano-technology. The next generation solid state drive (SSD) type of storage devices are estimated to emerge as one of the fastest-growing technology, supported by data encryption and storage using electronic chips instead of magnetic strips which enhances the life of device. The data storage is easily available with affordable prices and simple storage technologies to promote people to store the data used in many sectors including healthcare, BFSI and many others.
The Global Data Storage Market is segmented on the basis of product type, technique of storage, end-user, and region & country level. On the basis of product type, the market is classifies as hard disk drive (HDD), solid state drive (SSD), and hybrid flash array and many others. On the basis of technique of storage, the global data storage is classified as direct-attached storage, storage area network, on-premise, cloud based, network-attached storage and many others. On the basis of end-user, the global data storage is segmented into healthcare, BFSI, retail, government bodies, telecom companies and others.
The regions covered in global data storage market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global data storage market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players for Global Data Storage Market Report–
Global data storage market reports cover prominent players Microsoft Corporation, VMware, Inc., Hewlett Packard Enterprise Co., IBM Corporation, NetApp, Nexenta Systems, Open Text Corp., SanDisk Corporation, Hitachi, Ltd., Dell Inc, and others.
Global Data Storage Market Dynamics–
The major factors driving the growth of global data storage market are increasing demand for storage of huge data volume due to digitalization in the many industries including healthcare, banking, financial services and insurance (BFSI), retail, etc., and the surge in growth of IoT devices, smart phones, laptop, and many other devices. According to the recent research, the worldwide enterprise storage systems market was increased from 57.3 year-over-year to 113.9 Exabyte with 19.4 percent year-over-year increment in last quarter of 2018. In addition, according to the United Nations Conference on Trade and Development in 2017, the global Internet Protocol (IP) traffic, a proxy for data flows, grew to 45,000 GB per second and yet the world is only in the early days of the data-driven economy by 2022 global IP traffic is expected to reach 150,700 GB per second, fuelled by the expansion of the Internet of Things (IoT), and more online traffic increasing at rapid pace. This rapidly increase in the traffic will generates the massive data which automatically fuel the demand for next generation storage devices.
However, one of the major factors that restrict the data storage market are data breaches hence need security solution to safeguard the data and magnetic data storage devices has lower life span as compare to next generation cloud and SSD type storage. Moreover, rising focus on manufacturing of next generation data storage systems with technological advancement using artificial intelligence, advent of nanotechnology, big data, IoT, and growing market penetration of solid-state drives and cloud solutions, the hybrid flash array for the growing demand for efficiency and performance across complex enterprise applications can create huge opportunity for the further growth of the global data storage market.
Global Data Storage Market Regional Analysis–
North America is expected to dominate the growth data storage market with the potential rate due to surge in adoption rate of advanced technology like IoT devices, artificial intelligence, as well as penetration of digital platforms in this region followed by Europe and Asia Pacific. According to a recent report of United Nations Conference on Trade and Development, IoT devices were an estimitated 9.9 billion in 2019 to grow 21.5 billion in 2025 and the United States and China accounts for around 50% of global IoT spending on the devices and 25% by the major countries from Asia Pacific and Europe including United Kingdom, Japan, France, Republic Korea and Germany. This massive rise in the IoT devices market has generated huge opportunity for the data storage market which is the heart of every IoT device.
Europe region is expected to grow at a significant rate due to surge in followed by Asia Pacific. During the Covid-19 pandemic, all the industry has noted somehow slack in the sale including smart phones, laptops, tablets and many others which has impacted the data storage market.
The Asia Pacific is the largest still the world’s strongest growth market for the growth of data storage due to presence of electronic devices manufacturing industry with surge in population. China is the leading region to contribute the data storage market due to early adoption of advanced technology like IoT devices, AI, big data, cloud & hybrid storage systems.
Key Benefits for Global Data storage Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Data Storage Market Segmentation:–
By Product Type:
- Hard Disk Drive (HDD)
- Solid state drive (SSD)
- hybrid flash array
By Technique of Storage:
- Direct-attached storage
- Storage area network
- Cloud based
- Network-attached storage
- government bodies
- Telecom companies
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- South America
- The Middle East and Africa
- Rest of Middle East and Africa
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Key Objectives of Data Storage Market Report:
– Study of the annual revenues and market developments of the major players that supply Data Storage
– Analysis of the demand for Data Storage by component
– Assessment of future trends and growth of architecture in the Data Storage market
– Assessment of the Data Storage market with respect to the type of application
– Study of the market trends in various regions and countries, by component, of the Data Storage market
– Study of contracts and developments related to the Data Storage market by key players across different regions
– Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying Data Storage across the globe.
This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.
Chapter 1: Data Storage Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
Chapter 2: Data Storage Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.
Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Data Storage.
Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Data Storage.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Data Storage by Regions (2020 to 2026).
Chapter 6: Data Storage Production, Consumption, Export and Import by Regions (2020 to 2026).
Chapter 7: Data Storage Market Status and SWOT Analysis by Regions.
Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Data Storage.
Chapter 9: Data Storage Market Analysis and Forecast by Type and Application (2020 to 2026).
Chapter 10: Market Analysis and Forecast by Regions (2020 to 2026).
Chapter 11: Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.
Chapter 12: Market Conclusion of the Whole Report.
Chapter 13: Appendix Such as Methodology and Data Resources of This Research.
Reasons to Purchase this Data Storage Report:
* Current and future of global Data Storage market outlook in the developed and emerging markets
* The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
* Regions/Countries that are expected to witness the fastest growth rates during the forecast period
* The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
* All segmentation provided above in this report is represented at country level
* All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
you can also get individual chapter wise section or region wise report versions like North America, Europe, or Asia Etc.
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