The enterprise storage global market report 2024from The Business
Research Company provides comprehensive market statistics, including
global market size, regional shares, competitor market share, detailed
segments, trends, and opportunities. This report offers an in-depth
analysis of current and future industry scenarios, delivering a complete
perspective for thriving in the industrial automation software market.
Enterprise
Storage Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The enterprise storage market size has grown strongly in recent years.
It will grow from $135.10 billion in 2023 to $146.36 billion in 2024 at a
compound annual growth rate (CAGR) of 8.3%. The growth in the historic
period can be attributed to increased focus on hybrid clouds, the need
to manage and store large volumes of data, the rapid growth of the
internet of things (IoT), the rise of big data analytics, and the need
for data protection.
The enterprise storage market size is
expected to see strong growth in the next few years. It will grow to
$202.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
The growth in the forecast period can be attributed to increasing
demand for storage solutions in enterprises, growing adoption of
cloud-based storage solutions, adoption of cloud computing, increasing
demand for data storage, and rising demand for enterprises. Major trends
in the forecast period include technological advancements, the
emergence of artificial intelligence and machine learning, flash storage
expansion, the adoption of software-defined storage, and hybrid cloud
storage adoption.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/enterprise-storage-global-market-report
Scope Of Enterprise Storage Market
The Business Research Company's reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Storage Market Overview
Market Drivers -
The rising adoption of cloud computing is expected to propel the growth
of the enterprise storage market going forward. Cloud computing is the
on-demand delivery of computing services via the internet, which
includes servers, storage, databases, networking, software, and
analytics. Demand for cloud computing is rising as it offers a robust
infrastructure with built-in redundancy and failover mechanisms to
ensure high availability and reliability. Cloud computing provides
flexible storage that can be adjusted to company requirements, removing
the need for significant hardware investments. It also ensures data
availability and integrity, where enterprises can replicate data across
multiple geographic locations and leverage built-in disaster recovery
solutions to minimize the risk of data loss and downtime. For instance,
in December 2023, according to the Statistical Office of the European
Union, a Europe-based government organization, 45.2% of EU enterprises
purchased cloud computing services. This marks a 4.2 percentage point
(pp) increase compared with 2021. Therefore, the rising adoption of
cloud computing is driving the growth of the enterprise storage market.
Market Trends -
Major companies operating in the enterprise storage market are focused
on developing automation and orchestration capability solutions such as
software-defined storage platforms, to remove hardware dependencies and
provide core features for secure enterprise storage. Software-defined
storage platforms are a next-generation storage model designed for
complex workflows, offering multi-tenancy, ease of management, security,
and efficiency. For instance, in November 2023, DataDirect Networks, a
US-based provider of data storage and data management solutions,
launched DDN Infinia for Enterprise AI and Cloud. DDN Infinia is a
faster and more cost-effective alternative to cloud storage, allowing it
to construct a secure storage cluster in minutes, execute upgrades, and
extend capacity without downtime. It offers scalable metadata
management with scalable storage for data governance and control while
working to reduce the complexity and duplication of data and metadata.
It supports S3 object storage, Docker containers, and Openstack virtual
machines, allowing it to manage all distributed data with minimal effort
and cost.
The enterprise storage market covered in this report is segmented –
1)
By Type: Storage Area Networks Systems (SANs), Network-Attached Storage
Systems, Direct-Attached Storage (DAS) Systems, Object Storage Systems,
Tape Storage Systems
2) By Deployment: On-Premise, Hybrid, Cloud-Based
3) By Application: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End-User Industry: Information Technology (IT) And
Telecommunications (Telecom), Banking, Financial Services, And Insurance
(BFSI), Healthcare, Manufacturing, Government, Other End-User
Industries
Get an inside scoop of the enterprise storage market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15365&type=smp
Regional Insights -
North America was the largest region in the enterprise storage market
in 2023. The regions covered in the enterprise storage market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major
companies operating in the enterprise storage market are Samsung
Electronics Co. Ltd., Dell Inc., Huawei Technologies Co. Ltd., Lenovo
Group Ltd., Intel Corporation, HP Inc., International Business Machines
Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc.,
Fujitsu Limited, Micron Technology Inc., Toshiba Corporation, NEC
Corporation, NetApp Inc., Hitachi Vantara LLC, Pure Storage Inc.,
Nutanix Inc., Imation Corporation, DataDirect Networks, Tintri Inc.,
Overland Tandberg, Nimbus Data, Nfina Technologies Inc. , DATROX
Computer Technologies Inc.
Table of Contents
1. Executive Summary
2. Enterprise Storage Market Report Structure
3. Enterprise Storage Market Trends And Strategies
4. Enterprise Storage Market – Macro Economic Scenario
5. Enterprise Storage Market Size And Growth
…..
27. Enterprise Storage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment