Press release
Storage in Big Data Market 2018 Global Industry Overview: Dell EMC, Hitachi Data Systems, VMware, Microsoft, Teradata, Hewlett Packard Enterprise, Amazon Web Services
Market Scenario
The digitization of the data records globally is the primary driving factor of the storage in big data market. The storage in big data market aims to provide storage, security, cost and backups. It enable various business especially healthcare to be better managed the data and have up to date data records of the clients. Increasing digitized data volumes is enabling many companies to adopt for the various big data storage options.
Along with technology development, new adoptions of cloud computing, big data, software based storage devices and internet of things (IoT) have boosted the storage in big data market market. The study indicates that rising demand of integrated security & safety, cost, backups and precise storage of data is driving the storage in big data market market. It has been observed that the biggest restraints in the big data storage market are microeconomic factors such as reduced budgets for data storage and high total cost of ownership of flash storage, in addition to improper data representation posing a threat to the global storage in big data market. Also, this vast amount of data requires special computer powers which is another restraining factor for storage in big data market.
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The global Storage In Big Data Market is expected to grow at USD ~30 Billion by 2022, at ~20% of CAGR between 2016 and 2022.
Storage in Big Data Market Segmentation
The storage in big data market has been segmented on the basis of component and vertical. On basis of component the storage in big data market consists of hardware, software and services sub-segment. The software sub-segment can be further bifurcated into software-as-a-service (SaaS), platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS). The study indicates that software-as-a-service would grow at a highest rate in the storage in big data market by the forecast period. The increasing penetration of cloud based services and demand for smart transport management are expected to drive the software-as-a-service market. Whereas based on vertical segment the BFSI and healthcare organizations are estimated to be the leading the utilization of these services.
Key Players:
The prominent players in the storage in big data market are - Amazon Web Services (U.S.), Google Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Dell EMC (U.S.), Hitachi Data Systems Corporation (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise (U.S), Teradata Corporation (U.S.), among others.
Market Research Analysis:
Market Research Future Analysis shows that new adoptions of cloud computing, big data, evolution of servers and network, and Internet of things (IoT) would result in sudden hike in storage in big data market. It has been observed that development in smart data record maintence system results in significant growth in storage of big data market. The major benefits of storage in big data market are improved safety, higher productivity and efficiency, easy storage of data and low installation cost. These factors would significantly increase the storage in big data market very soon.
Regional analysis for storage in big data market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America region would evolve as a leader in storage in big data market. The study indicates large investments by American companies in cloud services and data storage softwares would result in rapid growth of storage in big data market by the forecast period. The study reveals that North America region followed by Europe would lead the storage in big data market by the forecast period. Developing economic countries from Asia-Pacific regions are increasing attention towards cloud based data storage systems and improving business performance and to gain competitive edge in the market.
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Intended Audience
• Healthcare Organizations
• Cloud service providers
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• Bank & financial agencies
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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