Press release
What’s Driving Innovation in the Hardware Storage Market? | Key Companies are Dell, HP, IBM, NetApp, EMC, Symantec, Western Digital, Hitachi, Micron Technology, SanDisk, Toshiba, Huawei, Seagate Technologies
Hardware Storage Market
The key trends shaping the hardware storage market are emergence of big data technologies and IoT devices. These technologies have allowed various new sources to data generation and provided several tools & solutions to collect and evaluate large amount of data. As the enterprises, devices and automobiles are becoming intelligent and interconnected the data will grow. This growth in data has increased the demand for new and innovative analytical solutions to extract meaningful insights from chucks of data collected. Hence, the exponential growth of digital data is expected to drive the growth of the market.
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The major players operating in the market-
• Dell
• HP
• IBM
• NetApp
• EMC
• Symantec
• Western Digital
• Hitachi
• Micron Technology
• SanDisk
• Toshiba
• Huawei
• Seagate Technologies
• Coho
• Jeda Networks
• Pernix
Another factor affecting the hardware storage market is growing adoption of smartphones and internet services. The smartphones and laptops no longer considered as inferior versions of dominant computing devices. The mobile devices have surpassed PCs as the most commonly used web access devices around the world. Customers are storing rich media content on the mobile devices which has nurtured the demand for small size high performance storage devices.
Asia Pacific hardware storage market is expected to grow significantly over the forecast timeline. This growth can be attributed to the increased IT hardware spending in the region. Moreover, the introduction of data localization regulations has fostered the market growth. For instance, in 2018, the Indian government introduced a cloud computing policy that mandated all the tech firms to store the data in the country to be stored within the country.
The North American region leads the hardware storage market due to the presence of large players such as Dell, EMC and IBM. The companies in the region have invested highly in the development of advanced IoT technologies and big data platforms. The data generated IoT devices has increased the demand for high performance storage devices. U.S. have invested highly in establishing supporting business infrastructure which has accelerated growth of the hardware storage market in the region.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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