Enterprise Storage System Market to be Dominated by Storage Area Network Segment through 2028
The growing adoption of hyper-converged
storage is fueling the expansion of the enterprise storage system market
worldwide.
According to TechSci
Research report, “Enterprise Storage System Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028F,” the global market
for enterprise storage systems is experiencing growth due to the increasing
utilization of hyper-converged storage in enterprise data storage to meet the
growing demands of businesses. Enterprise storage systems serve as centralized
repository for company data, offering standard data management, security, and
sharing features through linkages to computer systems. Furthermore, the rising
popularity of camera-equipped devices like tablets and smartphones has enabled
enterprises to generate a significant amount of digital content, resulting in
an increased demand for storage capacity. Enterprises handle vast volumes of
mission-critical data, making them prime beneficiaries of highly scalable
storage solutions with limitless connectivity and support for multiple
platforms. Additionally, enterprise storage systems facilitate operational efficiency
by providing standard data management, security, and sharing features through
integration with computer systems. The market is propelled by increasing
investments in data centers and the adoption of colocation and managed hosting
services. Moreover, the growth of the global enterprise storage system market
is further driven by the increasing number of cloud-based solutions. The need
to store large amounts of data in enterprises, coupled with advancements in
enterprise storage systems and devices, is fueling this growth. Enterprise
storage systems are designed to handle heavy workloads of business-critical
information. Furthermore, businesses are embracing enterprise storage systems
to reduce operational costs and maintain data integrity, which contributes to
the expansion of the enterprise storage system market on a global scale.
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Enterprise Storage System Market."
The market is categorized
into different storage types, including Direct Attached Storage (DAS), Storage
Area Network (SAN), Network Attached Storage (NAS), and Mixed/Hybrid Storage
Environment. Additionally, it is segmented based on various industries such as
Healthcare, Retail, Automobile, BFSI, Government, IT & Telecom,
Manufacturing, and Others.
Based on the storage
type, the Storage Area Network (SAN) segment is projected to experience rapid
growth during the forecast period. Software-defined storage is a data storage
software that facilitates data management, data protection, data placement, and
input/output (I/O) capabilities and is independent of the primary storage
infrastructure. Storage Area Networks (SANs) enhance the flexibility,
scalability, and automation of enterprise storage infrastructure. Moreover,
businesses that rely on critical applications such as databases and require
frequent and fast access to these applications often utilize SANs. Additionally,
the network size of SANs is highly scalable, making them a favorable choice for
businesses. A storage area network can accommodate multiple servers and
devices. To ensure uninterrupted access to critical data in the event of a
server failure, SANs establish multiple paths for data storage.
Recent Developments
- On April 14, 2023,
Seagate Technology Holdings and QNAP Systems Inc. announced their comprehensive
range of edge-to-cloud business storage solutions at the NAB 2023 conference.
The portfolio encompasses a diverse array of state-of-the-art enterprise-scale
solutions, including Seagate's IronWolfTM Pro Hard Drives (HDD), designed to
assist small-to-medium-sized GamingGears companies (SMBs) and content producers
in efficiently managing data from edge to cloud.
- On March 31, 2023, Lenovo
also unveiled new solutions to address the ever-expanding data management
demands of clients. The latest ThinkSystem storage solutions incorporate
advanced ransomware protection to safeguard critical data. Additionally, the
company has introduced new enterprise-class storage solutions that
significantly enhance power efficiency and reduce data center footprint,
aligning with sustainability objective.
Key market players in the global enterprise
storage system market include:
- Oracle Corporation
- Inspur Group Co. Ltd.
- Huawei Technologies Co.
Ltd.
- NetApp, Inc.
- Hitachi Data Systems
- Fujitsu Ltd.
- Hewlett Packard
Enterprises
- Dell Inc. (EMC
Corporation)
- Lenovo Corporation
- IBM Corporation
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“The North America region
exhibits significant growth prospects for enterprise storage systems, primarily
due to the early adoption of technologies such as data centers and storage
systems. Furthermore, the rising utilization of technologies like the Internet
of Things, artificial intelligence, and connected devices in this region is
driving the demand for enterprise storage systems. The enterprise storage
system has gained traction and expanded to various countries in North America,
including the United States and Canada. Additionally, the presence of large
enterprises across the region that have already commenced using software
storage has bolstered the demand in this area. Moreover, the region plays a
crucial role in building & home automation, smart energy, connected health,
and smart manufacturing, which facilitates the high adoption of enterprise
storage systems by enterprises. The United States leads the enterprise storage
system market in North America and is expected to maintain its dominance in the
global enterprise storage system market during the forecast period,” as stated
by Mr. Karan Chechi, Research Director at TechSci Research, a research-based
global management consulting firm.
“Enterprise Storage System Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F
Segmented By Storage Type (Direct Attached
Storage (DAS), Storage Area Network (SAN), Network Attached Storage (NAS),
Mixed/Hybrid Storage Environment), By Industry (Healthcare, Retail, Automobile,
BFSI, Government, IT & Telecom, Manufacturing, Others), By Region,
Competition,” has
evaluated the future growth potential of global enterprise storage system market
and provides statistics and information on market structure, size, share, and
future growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the global enterprise storage system market.
Contact
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