About File And Object Based Storage
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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.0% |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global File And Object Based 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.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pure Storage (United States), OVH Cloud (France) and Qumulo (United States).
Segmentation Overview
AMA Research has segmented the market of Global File And Object Based Storage market by Type (Scale-up storage and Scale-out storage), Application (BFSI, Retail, Healthcare, Manufacturing, Government, IT and Telecom and Other) and Region.
On the basis of geography, the market of File And Object Based Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Influencing Trend:
Increase in the adoption of file and object-based storage across industries due to the generation of a large volume of data and Increase in internet users rises in digital payments, websites, media & entertainment, IoT devices, and Artificial Intelligence (AI), is growing rapidly
Market Growth Drivers:
Growing the volume of digital data generated from digital platforms and Increase in use of robotics in manufacturing facilities and home automation, and decision-making in enterprises
Challenges:
Integration of object-based storage in enterprise’s infrastructure and Reduce the data theft and security risk related concerns
Restraints:
Due to the humongous amount of data generated, scalable performance becomes difficult to achieve and To expand capacity in order to improve performance leads to an increase in costs
Opportunities:
Development of infrastructure related to storage in emerging countries and With the increase in demand for file and object-based storage, continuous advancement in technology in order to improve scalable performance
Market Leaders and their expansionary development strategies
In 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.
In 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.
Key Target Audience
Industrial Associations, IT Firms, Government Regulatory Bodies, Private Research Institutions and Data Storage Organizations
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.