Object-Based Storage Market Analysis, Size, Applications Share, Trends & Forecast To 2031 | Cisco, ETegro, Dell EMC, SwiftStack

Object-based storage is a data storage architecture that manages data as objects. Objects are composed of data and metadata, and are typically stored in a flat structure. Each object is given a unique identifier and can be accessed via a web-based interface.

Object-based storage is an alternative to traditional file-based storage systems. It is well suited for storing large amounts of data, such as video, audio, and images. Additionally, it can be used to store data that is not easily structured, such as text documents.

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Key Trends

There are a few key trends in object-based storage technology:

1. Increased use of object storage for unstructured data: This is due to the fact that object storage is well-suited for storing large amounts of unstructured data, such as images, videos, and log files.

2. Increased use of object storage for cloud-based applications: This is because object storage can provide high levels of scalability and availability, which are essential for cloud-based applications.

3. Use of object storage for compliance purposes: This is because object storage can provide immutable storage, which is essential for compliance purposes.

4. Use of object storage for disaster recovery: This is because object storage can provide high levels of durability, which is essential for disaster recovery.

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Key Drivers

There are four key drivers of object-based storage market:

1. Increasing demand for unstructured data: Unstructured data is growing at a faster rate than structured data, and this trend is expected to continue. As a result, organizations are increasingly turning to object-based storage to store and manage this data.

2. Improved scalability and flexibility: Object-based storage is more scalable and flexible than traditional storage systems. This allows organizations to easily expand their storage capacity as their data grows.

3. Reduced costs: Object-based storage is typically more cost-effective than traditional storage systems. This is due to the fact that it is more efficient in terms of space and bandwidth utilization.

4. Improved security: Object-based storage offers improved security features, such as data encryption and access control. This makes it an attractive option for storing sensitive data.

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Market Segmentation

The Object-Based Storage Market is segmented by type, application, and region. By type, the market is divided into web-based and cloud-based. By application, the market is classified into manipulate data, memory, and mobile apps. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the Object-Based Storage Market are Cisco, ETegro, Dell EMC, SwiftStack, Hyve, Basho, Supermicro, Seagate, Scality, and IBM.

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