Press release
Storage in Big Data Market 2020 by Global Leaders: Dell EMC, VMware, Teradata, Amazon Web Services, Oracle, Hitachi Data Systems
Storage in Big Data Market - Overview
The digitization of the data globally has created a space for the development of the market for storage in big data. Reports that scrutinize the information and communication technology industry have been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. An income level worth USD 30 Billion is expected to be achieved at 20 % of CAGR approximately by 2022.
The incorporation of cloud computing and big data is projected to boost the storage in the big data market. The accessibility to software-based storage devices and the internet of things (IoT) is expected to incentivize the advance of Storage in Big Data Market in the upcoming years.
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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 Segmentation:
o By component, the global storage in big data market has been segmented into hardware, software, and services.
o By vertical, the storage in big data market has been segmented into BFSI, IT & telecommunication, healthcare, manufacturing, transportation, media & entertainment, and others.
Regional Analysis:
By region, the global storage in big data market has been segmented into Asia Pacific, Americas, Europe and the Rest of the World (RoW). North America has been prognosticated to dominate the most significant share of the global market over the next couple of years. The growth is highly dependent on the technological advancements, large-scale adoption of connected devices, etc.
Europe is likely to grow substantially in the forthcoming years. The regional storage in big data market is likely to benefit from digital transformations over the next few years. Furthermore, the increasing adoption of connected devices and big data storage in the healthcare sector is poised to contribute to the development of the regional market over the review period.
Asia Pacific signifies tremendous growth opportunities and is anticipated to strike a significant CAGR over the assessment period. The growth of the storage in big data market in the region is primarily attributable to the increasing investments, rapid economic developments, enhanced business performance, etc. The regional market is likely to capitalize on the rising technological implementations in the forthcoming years.
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Industry Updates:
Sep 2019 IOTA, the internet-of-things cryptocurrency and the Linux Foundation, the group behind the developer-friendly operating system, have combined forces, due to which they will work to incorporate IOTA into LF Edge, Linux's platform for edge computing.
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