About Enterprise Data Storage
Data storage hereby describes the technical means by which any form of digital data is collected and archived for the purpose of usage by a computer or any other device. The data memory comprises primary memory, which is often referred to as main memory, and secondary or auxiliary memory. In cloud data, the order of the level in which the data is stored on a memory card, hard drive, or SSD storage is generally adopted by consumers. Businesses prefer cloud storage. An enterprise storage system is a central repository in which business data and information are stored for a specific period of time depending on the needs of a company. The stored information can serve as a backup in the event of a disaster or system failure. In addition, enterprise storage is a highly scalable, fault-tolerant, and reliable storage option compared to traditional storage systems. Therefore, enterprise storage systems are better suited for companies that work with large amounts of data. Corporate storage includes hard disk drives (HDD) and solid-state drives (SSD), which are commonly used in SAN (Storage Area Networks), NAS, and DAS (Direct Attached Storage) environments. An enterprise storage system offers advantages such as data exchange, disaster recovery and high accessibility, recovery functions, and reliable and efficient backup as well as remote support and centralized administration.
Attributes | Details |
---|
Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Enterprise Data Storage market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), Dell (United States), Hewlett Packard (United States), Hitachi Vantara Corporation (Hong Kong), Huawei Technologies Co., Ltd. (China), NetApp (United States), IBM Corporation (United States), SAS Institute Inc. (United States), Teradata Corporation (United States), Amazon Web Services, Inc. (United States), Oracle Corporation (United States), SAP SE (Germany), Talend (United States) and Symantec (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cloudera, Inc. (United States), Ataccama (Canada), Micro Focus International plc (United Kingdom) and Actian (United States).
Segmentation Overview
AMA Research has segmented the market of Global Enterprise Data Storage market by Type (Cloud Storage, Network Storage, Unified Storage, Direct Attached Storage, Storage Area Network, Software-Defined Storage and Others), Application (Industrial, Government, BFSI, Telecom, Education, Media and Entertainment and Others) and Region.
On the basis of geography, the market of Enterprise Data Storage 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). If we see Market by Organization Size, the sub-segment i.e. Small And Medium-Sized Enterprises will boost the Enterprise Data Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Architecture, the sub-segment i.e. File Storage will boost the Enterprise Data Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. Cloud-Based will boost the Enterprise Data Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Storage Type, the sub-segment i.e. Primary Storage [SRAM, DRAM] will boost the Enterprise Data Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Expansion of the Internet of Things (IoT) Has Added Numerous New Sources of Big Data into the Data Management Background and Increase Scalability with Artificial Intelligence and Machine Learning, the Internet of the Things (IoT), Software-Defined Storage, Object Storage, and Hyper-Convergence Infrastructure Storage
Market Growth Drivers:
The High Adoption of Cloud Storage Technology, The Rapid Increase in Consumer and Machine Data Developments, Increasing Need for Smartphones, Laptops, PCs and Online Storage Software and Growing Demand for Low-Cost Data Backup and Security across All the Enterprises
Challenges:
Lack of Awareness and Skilled Technical Professionals
Restraints:
Concerns Regarding Data Privacy
Opportunities:
Increasing Scalability, Flexibility, and Automation Capabilities of an Enterprise Storage Infrastructure and Embracing Network-Attached Storage (NAS) Solutions
Market Leaders and their expansionary development strategies
In November 2023, IBM and Red Hat has started partnership expanded with the launch of Red Hat OpenShift Data Foundation on IBM Cloud, enabling easy deployment and management of containerized data services in hybrid and multi-cloud environments.
In October 2023, Dell PowerStoreT 5000R has new release from Dell EMC introduces a mid-range appliance in their popular PowerStore line, offering scalable flash storage at an accessible price point for smaller businesses and remote offices.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Enterprise Data Storage, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.