Press release
Size of the Global Tiered Storage Market from 2017 to 2025
Tiered storage is a data storage environment that leverages the installation of two or more tiers of storage, and meets industry objectives on the basis of major attributes including performance, price, functionality, and capacity. This storage system is used by enterprises for better alignment of data on storage devices with its importance or value to the organization. By implementing a tiered storage architecture, an organization can dramatically enhance its data storage capacities, increase performance, lower costs, and scale technology in order to meet the growing demand for storage requirements globally. It has been observed that over the past five years data storage needs have grown at an exponential rate. This is the result of the advent of advanced storage systems such as internet small computer systems interface (iSCSI), storage area networks (SAN), and content addressed storage (CAS). In addition, continuous developments in many established technologies such as network attached storage (NAS) have also helped in addressing the demand for data storage systems.
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At present, the need for storage environment is growing across the world. As a result, an automated tiered storage system is becoming an essential architecture for consumers. This is primarily due to the fact that volume of digital data is constantly increasing and manual data movement is time consuming. With the recent development in the field of data storage market, enterprises are unceasingly adopting tiering strategies to manage and maintain data storage.
The global tiered storage market is witnessing growth due to factors such as growing need to store large amount of data among enterprises and growing demand for cloud computing around the globe. Furthermore, growing demand for effective and efficient storage systems among enterprises is fueling the demand for tiered storage systems. Effective storage tiering has the capability to enhance storage density, addressing resources and environmental issues such as floor space, power consumption, and management overhead, on a per-gigabyte basis. Apart from this, growing technological advancements in cameras and analytics is also putting ever increasing demand on storage for video surveillance, leading to growing capacity demands to store that data. Therefore, this is expected to further boost the growth of the tiered storage market around the globe. However, lack of awareness and data privacy concerns and free storage tiers are the major factors which are restraining the growth of this market. High penetration of external storage systems is also a key factor which is expected to hinder the growth of the tiered storage market in forthcoming years.
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The global tiered storage market can be segregated based on application and geography. By application, the market can be segregated into construction, retail, IT & telecom, transportation, security, banking, financial services and insurance, utilities, automotive and others. Based on geography, the global tiered storage market can be segmented into Europe, Asia Pacific, North America, South America, and Middle East & Africa.
North America is anticipated to dominate the tiered storage market throughout the forecast period. Demand for tiered storage is growing at a faster rate due to the rising space constraints and rapid industrialization across the region. However, the increasing demand for automation in emerging economies such as Middle East & Africa, Asia Pacific, and South America is further anticipated to drive the demand for tiered storage systems across the world.
Major vendors operating in the global tiered storage market include NetApp, Inc., LSI Corporation, Hitachi Data Systems Corporation, International Business Machines Corporation, Hewlett Packard Enterprise Development LP, EMC Corporation, Dell, Inc., Oracle Corporation, SGI Corporation, Intel Corporation, Lenovo Group Limited, Western Digital Corporation, Integrated Device Technology Inc., Overland Storage, Inc., NetGear, Inc., and Buffalo Americas, Inc.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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