The article cited AMA's Global Object Storage Market Study explored substantial growth with CAGR of 13.5%. According to the study, Denser and Cheaper Flash
is one of the primary growth factors for the market. Increasing Demand for Technologically Upgraded Services
is also expected to contribute significantly to the Object Storage market. Overall, Social media platforms
applications of Object Storage, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM Corporation (United States), Google (United States), Microsoft Corporation (United States), Dell EMC (United States), Hitachi Vantara HCP (Japan), Huawei (China), Qumulo (United States), Scality (United States), NetApp StorageGRID Webscale (United States), Scality Ring (United States) and Cloudian Hyperstore (United States) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Object Storage market identified that the demand is rising in many different parts of the world as "Low Acquisition Cost Remains the Most Common Reason for Enterprises to Choose Object Storage in the On-Premises Data Center". Furthermore, some recent industry insights like "In Feb 2019, Veeam software announced that Veeam Plug-in for SAP HANA, it's an SAP Certified Integration for SAP HANA as part of its new Veeam Availability Suite 9.5 Update 4 will come with cloud data management capabilities. Additionally, In Jan 2019, Iron Mountain Incorporated announced the launch of Iron Mountain Iron Cloud Object Storage in Canada, it is a secure cloud-based storage platform for enterprise-class data management." is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing the Breadth and Depth of Existing Solutions and Data Security and Privacy Concern"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Object Storage market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Object Storage market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Object Storage market tight? Which application/end-user category or Product Type [Object Storage, File Storage and Block Storage] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Object Storage market and other related sub-markets covered in the study.
o Key & emerging players in the Object Storage market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Object Storage market size is calculated using market estimation process, the Object Storage market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Object Storage market size has been validated using both top-down and bottom-up approaches.