Global Storage Management Market 2015-2019
About global storage management
Over the years, business enterprises worldwide have become increasingly dependent on technology. We expect this trend to intensify.
Storage management is the process of enhancing the efficiency of electronic data storage. It monitors and tracks the performance of storage areas, which enables optimization and proactive management of storage devices. In addition, it maximizes the capacity of storage systems. Thus, storage management helps enterprises discover unused storage space and invalid data so that the latter can be shifted to alternative locations. The technology also helps streamline future storage requirements. The importance of storage management is increasing due to the growing complexity of computing and enterprise data. For instance, the volume of enterprise data is growing at more than 60% annually, and this burgeoning growth requires newer approaches to address its complexity.
Technavio's analysts forecast the global storage management market to grow at a CAGR of 8.44% over the period 2014-2019.
Covered in this report
This report provides an overview of the global storage management market. The report also includes market segmentation by geography. In addition, the report also provides an overview of the market’s sub-segments: hardware, software, and services.
Technavio's report, Global Storage Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global storage management market landscape and its growth prospects over the coming years. The report also includes the profiles of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Storage Management Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Storage Management Market: Dell, EMC, Hitachi Data Systems, HP, IBM, and NetApp.
Other Prominent Vendors in the market are: Accenture, Aptare, Brocade Communications Systems, CA Technologies, Capgemini, CenturyLink Technologies Solutions, Cisco Systems, Coraid, Data Dynamics, Datacore, InfoFort, Micron Technology, OASIS Group, Oracle, Pivot3, Pure Storage, Rackspace, Redhat, SanDisk, Seagate Technology, Skipton Group, SolarWinds, Storage Fusion, SwiftStack, Symantec, Virtual Instruments, Vmware
Commenting on the report, an analyst from Technavio’s team said: “Many enterprises are finding difficult to manage SAN and NAS with separate management interfaces since the technologies are complex, time-consuming, and inefficient. SAN and NAS management requires talented administrators to use multiple tools. To overcome such challenges, many enterprises prefer unified storage management systems that allow administrators to manage the pools of the block and the file storage easily and effectively.”
According to the report, enterprises are struggling to match the unprecedented increase in data volumes with cost-efficient ways to store data. As costly primary storage is filling up, enterprises are moving their less active data to less expensive storage media. Storage service providers are offering virtualization of on-premise data to make efficient use of data centers, reduce costs, and accommodate the rising volumes of data. This results in higher ROI, frees up capacity, and improves performance.
Further, the report states that data-driven insights are instrumental in deciding competitive strategy and discerning customer behavior patterns. Much effort is dedicated to developing innovations that effectively manage sophisticated systems. Organizations worldwide have stepped up hiring in big data analytics domains.
Dell, EMC, Hitachi Data Systems, HP, IBM, NetApp, Accenture, Aptare, Brocade Communications Systems, CA Technologies, Capgemini, CenturyLink Technologies Solutions, Cisco Systems, Coraid, Data Dynamics, Datacore, InfoFort, Micron Technology, OASIS Group, Oracle, Pivot3, Pure Storage, Rackspace, Redhat, SanDisk, Seagate Technology, Skipton Group, SolarWinds, Storage Fusion, SwiftStack, Symantec, Virtual Instruments, Vmware