IT Storage Services Market in APAC 2015-2019
IT Storage Services Market in APACEnterprise storage consists of products and services to save and retrieve digital information. As businesses across APAC grow, the use of centralized and distributed applications has also grown within organizations. Centralized applications like CRM and ERP store large amounts of data and extract statistical information from historical data by analyzing the buying patterns, preferences, and account information for improvements in customer engagement and experience. As information is growing rapidly, enterprises are looking for solutions that are scalable, low cost and improves operational efficiency. The availability and reliability of critical information requires constant maintenance and backup. As a result, there is strong demand among organizations in APAC for storage services providers.
Technavio's analysts forecast the IT storage services market in APAC to grow at a CAGR of 8% over the forecast period.
Covered in this Report
The IT storage services market in APAC can be categorized into three customer segments: Large enterprises, medium enterprises, and small enterprises. This report covers information about the market share by geography.
Technavio's report, the IT Storage Services Market in APAC 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.Key Regions
Technavio Announces the Publication of its Research Report – IT Storage Services Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the IT Storage Services Market in APAC: Accenture, EMC², HCL, HP, IBM and TCS
Other Prominent Vendors in the market are: Fujitsu, Oracle, Pure Storage, SanDisk, Seagate, Western Digital and XIO Technologies
Commenting on the report, an analyst from Technavio’s team said: “Enterprises are outsourcing their storage services to third parties, not only for the cost benefits but also for operational efficiency, to enable them to focus on their core businesses. They also consider improved QoS while comparing outsourcing with in-house storage. Reliable, secure, and high-performance storage services can reduce IT costs and enterprises can invest in other aspects of their businesses to increase their profitability. Cloud storage systems are expected to gain momentum in the future. Cloud storage will contribute to the re-emergence of co-location and managed services, which are the two existing ways to outsource IT. These services are gaining greater popularity than managing on-premises storage.”
According to the report, the generation of large volumes of data, internally as well as by the use of social media and the cloud, is a serious concern for organizations worldwide. These data are generated by several sources and need to be stored for a long period of time. The increased use of mobile devices such as smartphones and tablets by customers and employees have also augmented the generation of unstructured data. In certain industries such as finance and healthcare, data is not deleted but is retained for a longer time. Therefore, most enterprises seek storage service players to address this issue, thus driving the growth of the market.
Further, the report states that managing demand fluctuations is a concern for enterprises in this market.
Accenture, EMC², HCL, HP, IBM, TCS, Fujitsu, Oracle, Pure Storage, SanDisk, Seagate, Western Digital, XIO Technologies
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