Press release
Object-Based Storage Market Is Driven By Increasing Demand for Unstructured Data: Cisco, ETegro, Dell EMC, SwiftStack, Hyve
Object-based storage is an alternative to traditional file-based storage systems. It is well suited for storing large amounts of data, such as video, audio, and images. Additionally, it can be used to store data that is not easily structured, such as text documents.
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Key Drivers
There are four key drivers of object-based storage market:
1. Increasing demand for unstructured data: Unstructured data is growing at a faster rate than structured data, and this trend is expected to continue. As a result, organizations are increasingly turning to object-based storage to store and manage this data.
2. Improved scalability and flexibility: Object-based storage is more scalable and flexible than traditional storage systems. This allows organizations to easily expand their storage capacity as their data grows.
3. Reduced costs: Object-based storage is typically more cost-effective than traditional storage systems. This is due to the fact that it is more efficient in terms of space and bandwidth utilization.
4. Improved security: Object-based storage offers improved security features, such as data encryption and access control. This makes it an attractive option for storing sensitive data.
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Market Segmentation
The Object-Based Storage Market is segmented by type, application, and region. By type, the market is divided into web-based and cloud-based. By application, the market is classified into manipulate data, memory, and mobile apps. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Object-Based Storage Market are Cisco, ETegro, Dell EMC, SwiftStack, Hyve, Basho, Supermicro, Seagate, Scality, and IBM.
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