Press release
Storage in Big Data Market 2018 Global Leaders Analysis: VMware, Hitachi Data Systems, Amazon Web Services, Microsoft, Dell EMC, Hewlett Packard Enterprise, Teradata
Market Scenario
The digitization of the data records globally is the primary driving factor of the storage in big data market. The storage in big data market aims to provide storage, security, cost and backups. It enable various business especially healthcare to be better managed the data and have up to date data records of the clients. Increasing digitized data volumes is enabling many companies to adopt for the various big data storage options.
Along with technology development, new adoptions of cloud computing, big data, software based storage devices and internet of things (IoT) have boosted the storage in big data market market. The study indicates that rising demand of integrated security & safety, cost, backups and precise storage of data is driving the storage in big data market market. It has been observed that the biggest restraints in the big data storage market are microeconomic factors such as reduced budgets for data storage and high total cost of ownership of flash storage, in addition to improper data representation posing a threat to the global storage in big data market. Also, this vast amount of data requires special computer powers which is another restraining factor for storage in big data market.
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The storage in big data market is segmented on the basis of component and vertical. The component segment consists of hardware, software and services. The hardware components further consists of servers, storage and networks. The software service consists of software-as-a-service (SaaS), platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS) and high adoption of cloud services is increasing the market of software services. Cloud infrastructure services also include an abstraction layer software that virtualize resources and presents them to the user in programmatic manner. The study indicates that segmentation based on hardware comprise major share in big data storage market.
The global Storage In Big Data Market is expected to grow at USD ~30 Billion by 2022, at ~20% of CAGR between 2016 and 2022.
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.
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.
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.
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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.
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