Press release
Storage in Big Data Market Will Cross US$ 61.44 Bn by 2026
Persistence Market Research delivers key insights on the global storage in big data market in a new report titled, “Storage in Big Data: Global Industry Analysis and Forecast, 2016–2026”. According to the report, the global storage in big data market is estimated to be valued at US$ 9,599.1 Mn by the end of 2016 and this is anticipated to increase to US$ 61.44 Bn by 2026 end. In terms of value, the global storage in big data market is expected to register a CAGR of 20.4% over the forecast period (2016–2026). This is attributed to various factors, regarding which Persistence Market Research offers vital insights in detail in this study.
Digitization of records globally is the primary factor driving the global storage in big data market. Due to recent laws enforced by governments of various countries, companies are shifting towards digital maintenance of records, especially in the healthcare sector. Increasing digital data volumes is leading to companies increasingly adopting various data storage options. Further, increasing adoption of software-based storage options and an increase in the number of connected devices is expected to fuel the growth of the global storage in big data market over the forecast period. One of the major restraints for growth of the global storage in big data market to a certain extent are macroeconomic factors such as reduced budgets for data storage and high total cost of ownership of flash storage. Improper data representation is also posing a threat to the global storage in big data market.
Leading market players are integrating predictive analytics with storage systems and are providing storage servers close to end users to reduce latency time.
The global storage in big data market is segmented on the basis of – Segment (Hardware Segment, Software Segment, Services Segment); Industry (BFSI, IT and Telecommunications, Transportation, Logistics & Retail, Healthcare and Medical, Media and Entertainment, Others); and Region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA)).
The Hardware segment dominated the global storage in big data market with 49.1% market share in terms of value in 2015. The Hardware segment is estimated to create incremental $ opportunity of US$ 16.38 Bn between 2016 and 2026. The Software segment is estimated to create incremental $ opportunity of US$ 11.34 Bn between 2016 and 2026.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/storage-in-big-data-market/toc
The BFSI segment was valued at US$ 1,694.1 Mn in 2015 and is estimated to reach US$ 2,071.2 Mn by the end of 2016, reflecting a Y-o-Y growth rate of 22.3%. The Media and Entertainment segment is expected to register high Y-o-Y growth rates throughout the forecast period.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12235
Among regions, North America is expected to remain dominant in terms of revenue throughout the forecast period, registering a CAGR of 21.1% between 2016 and 2026. The North America storage in big data market is estimated to be valued at US$ 30.12 Bn by the end of 2026. The Western Europe storage in big data market is anticipated to register the highest CAGR of 21.8% during the forecast period. Latin America is projected to be the most attractive region in the global storage in big data market in terms of revenue during the forecast period.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.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 Storage in Big Data Market Will Cross US$ 61.44 Bn by 2026 here
News-ID: 527001 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
