Global Enterprise Data Storage Market 2018-2022
About Enterprise Data Storage
Enterprise data storage is a repository for storing business information or data for a period of time, depending on the needs of end-users. Data center storage comprises solid-state drive (SSD) and hard disk drive (HDD) devices that are commonly used in network-attached storage (NAS), direct-attached storage (DAS), and a storage area network (SAN).
Technavio’s analysts forecast the global enterprise data storage market to grow at a CAGR of 3.41% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global enterprise data 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 Enterprise Data Storage Market 2018-2022
Technavio recognizes the following companies as the key players in the global enterprise data storage market: Dell, FUJITSU, Hewlett Packard Enterprise Development, IBM 5, NetApp, and Western Digital.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is unified storage systems. Previously, SAN and NAS were considered as two separate storage appliances. However, SAN is a block-based storage solution, and NAS is a file-based storage solution. Both storages have their own advantages and disadvantages when it comes to execution.”
According to the report, one driver in the market is increased adoption of cloud applications. Traditional data centers relied on on-premises hardware that stores data within an organization. However, cloud-based data centers are gaining prominence as they compute data in the off-premise form.
Further, the report states that one challenge in the market is high operating expenses for vendors. Depending upon the end-user requirement, different specifications of enterprise data storage needs to be designed and developed, which is an expensive task as it requires a high level of speculation in R&D processes.
Dell, FUJITSU, Hewlett Packard Enterprise Development, IBM 5, NetApp, and Western Digital.