STORAGE SYSTEMS MARKET Challenges and Opportunities

One of the major challenges faced by the global storage systems market is navigating increasing security challenges in a hyperconnected world. As industries get more connected through internet of things, cloud storage and other emerging technologies, the attack surfaces have increased exponentially. Storage system vendors need to focus on enhancing authentication, access control and encryption methods to protect data at rest and in motion. They also need to offer security features like malware detection and intrusion prevention. Similarly, organisations have to invest in security awareness training for employees and implement policies for secure data sharing. Overall, balancing connectivity needs with data security presents a daunting task for players in this market.

Market Opportunity - Unlocking Potential with AI-Driven and Cloud-Based Storage Innovations

One of the major opportunities for the global storage systems market is unlocking the potential of AI-driven and cloud-based storage innovations. With rapid data growth across industries, the need for optimising storage infrastructure is more important than ever. AI and machine learning can be leveraged to simplify management of large, complex storage environments. Predictive analytics can help foresee failures or bottlenecks. Moreover, several organisations are shifting workloads to public and private clouds to gain scalability and pay-as-you-go flexibility. Storage system vendors are well-positioned to leverage this trend by offering cloud-native storage solutions. They are investing in developing accelerated platforms with integrated compute and analytics that are jointly optimized for scale-out and AI workloads. Such innovations have the potential to enhance performance, lower costs and open up new profitable avenues for addressing evolving storage requirements of organizations. This presents a major opportunity for growth in the future.