According to the new market research report by IndustryARC titled “Data Storage Market: Applications (Enterprise Data Storage and Consumer Data Storage: Memory Cards, Hard Disk Drive, Others); End-user (Residential, Commercial (Large & small enterprises); Industries (Healthcare, BFSI, IT & Telecom, Others) Region - Forecast (2018-2023),” the market will be driven by increasing need of smartphones, Laptops, PC’s and online storage software in small and large enterprises.To access/purchase the full report, click the link below:https://industryarc.com/Report/15377/data-storage-market.htmlData storage describes the technical means by which digital data is collected and archived for use by a computer or other device.
Data storage comprises of primary storage, often referred to as main memory, and secondary or auxiliary storage.In cloud data the order of level in which the data is stored is memory card, HDD or SSD storage,generally adopted by consumers.Cloud storage is preferred by enterpriseNorth America Dominates in Share and Growth in Data Storage Market:Currently North America is the leading market holder with remarkable growth in data storage solutions.
The rapid rise in the economic growth, coupled with an exponential increase in the internet users in the Asia-Pacific region, is likely to drive the market.
The substructure allied with the data storagecentersis growing in certain countries like India, China and Japan where refurbishing the old ones, is expected to boost the use of data centers.Selected Type and Frequency Analysis Done in the Full Report:The findings say more than 72% of the global organization will migrate to cloud storage platform.Growing demand for low cost data backup, and security across all the enterprises is boosting the usage of cloud storage adoption.
The hybrid cloud storage is anticipated to occupy a significant share of whole cloud storage market for the forecast period of 2018 to 2023.Selected Driving Factors Mentioned in the Full Report:• Recently Innoviumlnc., declared launching of advanced version switch software platform for data centers.
The adoption of high efficient, and robust with superior performance data storage is expected to fuel the data storagemarket growth.• Trends like artificial intelligence and machine learning, the Internet of the Things (IoT), software defined storage, object storage and hyper convergence infrastructure storage to increase scalability will help the data storage in impacting businesses.Key Players of the Data Storage Market:The leadingplayers in data storage market for Enterprise Data Storage companies are Alphabet, Inc., Amazon Web Service, Inc., DropBox, Inc., IBM, SAP and Rackspace hosting, Inc.Consumer Data storage Companies are Sony, Toshiba, Freecom, Transcend Information, and Samsung.
