openPR Logo
Press release

Middle East Data Storage Market to Grow at a CAGR of 14.4% by 2025

05-08-2017 11:34 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Middle East Data Storage Market to Grow at a CAGR of 14.4% by 2025

According to a new market report published by Future Market Insights, titled “Data Storage Market: Middle East Industry Analysis and Opportunity Assessment, 2015 - 2025,” the Middle East data storage market was valued at US$ 1,475.9 Mn in 2014 and is expected to register a CAGR of 14.4% from 2015 to 2025. Growth of the Middle East data storage market is primarily driven by declining prices of consumer storage devices and advancements in information and social technology.

On the basis of application, the data storage market is segmented into consumer data storage devices and enterprise data storage. The consumer data storage segment is further sub-segmented into Hard Disk Drive (HDD), Solid State Devices (SSD), memory card, optical disk and USB flash drive. The enterprise data storage segment is further sub-segmented into flash storage and hard disk, cloud based storage, software-defined storage and hyper-converged infrastructure. In the consumer data storage segment, the reduction in cost of Solid State Devices (SSD) is contributing immensely to the growth of the segment. The consumer data storage devices segment was valued US$ 275.5 Mn in 2014 and is anticipated to register a CAGR of 12.4% during the forecast period 2015-2025. In terms of volume, the hard disk drive segment accounted for 1,533.0 thousand units in 2016 and is expected to expand at a CAGR of 12.1% during the forecast period. The enterprise data storage segment is anticipated to expand at a CAGR of 14.8% during the forecast period in terms of revenue. Enterprise data storage is a common repository for business information, ensuring common data management and providing data recovery solutions. Strong growth witnessed in the cloud computing (due to increased spending on storage by service provider) is the primarily contributing to the growth of the enterprise data storage segment in the market.

Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gc-1237

The cloud based storage sub-segment is expected to expand at the highest CAGR of 19.1% during the forecast period in terms value. Stability and flexibility offered by the enterprise storage, coupled with its lower cost, is the prime reason responsible for the robust adoption of cloud based storage across the globe. Cloud computing is a hassle-free and cost-effective data storage facility. Recently, in 2014, NetApp Inc. reported that its revenue from cloud computing service doubled from that in 2013. In addition, NetApp announced that, globally, over 200 cloud services were based on its technology. EMC Corporation is also aggressively targeting the cloud storage market in the region.

Surge in demand for smartphones and other IoT devices and rise in number of social media channels are among the major factors that have increased the need for additional storage facility, which in turn is further driving growth of the enterprise data storage segment. Increased adoption of cloud based storage in small and medium-sized business (SMBs) and in-house data centres is the primary factor responsible for driving growth of the market in the Levant region. Various verticals, including BFSI and telecommunication and IT, are investing highly on the IT platform for improving their ease of operation, as compared to the conventional storage platform.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gc-1237

The data storage market in the GCC region is primarily driven by the emergence of Internet of everything (IoE) and Big Data. Rise in number of consumers on social media networks, increase in broadband Internet penetration and proliferation of smartphones are factors that have led to a significant increase in cloud and data center traffic in GCC countries such as UAE and Saudi Arabia.

Growth of the storage flash array sub-segment is a potential revenue opportunity in this market. Flash-based devices reduce data access time and increase an application’s performance speed. Data storage solutions vendors are expected to leverage huge benefits from the growing storage flash array sub-segment in view of the increasing demand for Solid-Sate Drives (SSD) and memory cards.

Leading players in the market are focusing on expanding their cloud offerings portfolio. For instance, Microsoft Corporation is investing significantly in cloud storage solutions by building additional data centres and increasing its cloud storage capacity in the existing regions. The company is also increasing its hybrid cloud offerings portfolio through StoreSimple and InMage (a hybrid online cloud storage service for enterprises). Additionally, EMC Corporation is focusing on offering hybrid services by partnering with hybrid cloud service providers around the world.

Key players in the Middle East data storage market include IBM Corporation, Microsoft Corporation, VMware, Inc., Hewlett Packard Enterprise Co., NetApp Inc., Open Text Corp., Sandisk Corporation, Hitachi Data Systems Corporation, EMC Corporation, and Nexenta Systems, Inc.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Press: press@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Middle East Data Storage Market to Grow at a CAGR of 14.4% by 2025 here

News-ID: 526963 • Views: 241

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Corp

Global 3d tv Market Report 2018 Companies included Samsung, LG Corp, Sony Corp, …
We have recently published market research report on 3d tv . For inquiry email us at: sales@marketreportscompany.com Report includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR. The report also provides detailed segmentation on the basis of product type, applications and regional segmentation. The regional segment is
3D TV Market Is Thriving Worldwide | LG Corp, Samsung, Sony Corp, Sharp Corp, To …
HTF MI recently introduced Global and India 3D TV Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are LG Corp, Samsung, Sony Corp, Sharp Corp, Toshiba Corp,
Global 3D Televisions Market Key Manufacturers: Samsung, LG Corp, Sony Corp, Sha …
Qyresearchreports include new market research report Global 3D Televisions Market Research Report 2018 to its huge collection of research reports. This report studies the global 3D Televisions market status and forecast, categorizes the global 3D Televisions market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The global 3D Televisions market
Global 4K Digital Signage Market 2018 - Sharp Corp., Sony Corp., JVC Kenwood Cor …
Apex Market Reports, recently published a detailed market research study focused on the “4K Digital Signage Market” across the global, regional and country level. The report provides 360° analysis of “4K Digital Signage Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of 4K
3DTV Market 2017 - Samsung, LG Corp, Sony Corp, Sharp Corp
Apex Research, recently published a detailed market research study focused on the "3DTV Market" across the global, regional and country level. The report provides 360° analysis of "3DTV Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global 3DTV industry, and estimates the future trend of 3DTV market on the basis of this
3DTV Market 2017- Samsung, LG Corp, Sony Corp, Sharp Corp
3DTV Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. 3D television (3DTV) is television that conveys depth perception to the viewer by employing techniques such as stereoscopic display, multi-view display, 2D-plus-depth, or any other form of 3D display. Most modern 3D television sets use an active shutter 3D system or