Market Research Future published a research report on “Storage in Big Data Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India - August 6, 2019 /MarketersMedia/ —
Market Synopsis:
As per Market Research Future (MRFR)’s assessment report, the global storage in big data market has been prognosticated to mark a CAGR of 20% during the forecast period 2016 to 2022. The global market has been estimated to scale a valuation of over USD 30 Bn towards the end of the review period. The growth in the digitization drive coupled with rising volumes of digital data in the organizations has boosted the growth of the market. The trend is likely to continue across the projection period.
The technology offers security, backup, etc. to the enterprises. Furthermore, the rapid developments in the IoT, automation, connected devices, blockchain technology, etc. is anticipated to catapult the storage in big data market on an upward trajectory. The small & medium enterprises are also venturing into the market for capitalizing on the advantages of big data analytics. The growing consumer base is expected to boost the growth trajectory of the storage in big data market across the assessment period.
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Healthcare plays a major role in the growth of the market as it excessively relies on big data for improved services. The developments in healthcare technology leverage big data, which is likely to have a positive influence on the expansion of the storage in big data market over the next couple of years.
The microeconomic factors such as reduced budgets for data storage, security & privacy concern, etc. are anticipated to check the expansion of the storage in big data market in the forthcoming years. However, the growth witnessed in the adoption of cloud computing is another important factor poised to drive the proliferation of the market in the foreseeable future.
Key Players:
The prominent players in the Storage in Big Data Market are - Amazon Web Services (U.S.), Google Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Dell EMC (U.S.), Hitachi Data Systems Corporation (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise (U.S), Teradata Corporation (U.S.), among others.
Segments:
To generate a bird’s view of the market, the report is segregated by component, vertical and regions.
• Based on the components, the market has been segregated into hardware, software, and services. The hardware components are further sub-segmented into servers, storage, and networks. The software service is further sub-segmented into software-as-a-service (SaaS), platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS) and cloud services.
• Based on the verticals, the market has been segregated into BFSI, IT & telecommunication, healthcare, manufacturing, transportation, media & entertainment, and others.
• Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.
Regional Analysis:
North America led by the U.S. is the absolute leader for the global big data storage market. Development of antecedents such as growing focus on big data management, adoption of analytics and technological advancement connected information systems are driving the growth of the market. Europe accounts for the second largest market led by U.K., Germany, and France Presence of global players and excellent research ecology are prime drivers of the European market.
The market is expected to shift its momentum in favor of Asia-Pacific, led by Japan, China, India, and others. The Middle East and Africa region are expected to deliver a moderate growth skewed in favor of the Gulf economies of Saudi Arabia, UAE, and others.
Industry News:
In March 2019, Veritas, a data protection leader, has announced the acquisition of California based Aptare for analyzing, managing and monitoring across heterogeneous storage environments. It includes data stored in multi-cloud environments and primary & secondary storage.
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Intended Audience
• Healthcare Organizations
• Cloud service providers
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• Bank & financial agencies
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 88904387
