Global Data Center Storage Market 2018-2022
About Data Center Storage
A data storage system is responsible for storing business data or information for a specific period according to the needs of end-users. End-users make this data for their own use or make it public for specified purposes. Enterprises of individual users can fetch these data and utilize it through interconnected networks or over the Internet.
Technavio’s analysts forecast the global data center storage market to grow at a CAGR of 11.83% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global data center storage market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Data Center Storage Market 2018-2022
Technavio recognizes the following companies as the key players in the global data center storage market: Dell Technologies, Hewlett Packard Enterprise, IBM, NetApp, and Oracle.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in the adoption of hybrid cloud storage systems. Hybrid cloud-based systems give an organization more flexibility to select a more flexible solution to choose the right cloud deployment model for each workload or workgroup. The three primary benefits of deploying a hybrid cloud system are improved data management, enhanced IT infrastructure management and flexibility, and better security and compliance.”
According to the report, one driver in the market is rising data center construction. The emergence of technologies such as cloud computing and big data analytics demands the construction of more data center facilities globally. The popularity of social media and the IoT has increased the requirements for data centers to store and process information accurately with fast retrieval times.
Further, the report states that one challenge in the market is data privacy and security concerns. Data security has been a primary concern for many organizations. Currently, organizations are focusing on data security policies that govern the OpenStack cloud models, which represent a relatively new concept in the market. Also, attacks such as man-in-the-middle (MiTM) attack can adversely affect the object storage component.
IBM Net App Oracle