Big data storage refers to a compute and storage architecture that gathers and operates vast data sets and allows real-time data analytics. Many companies employ big data analytics to collect greater intelligence from metadata. Big data storage allows the storage and sorting of big data in such a way that it can be easily used, accessed, and processed by applications and services working on big data. Moreover, big data can be flexibly scaled as required. Many end-use industries employ big data storage including BFIS, media and entertainment, IT and telecommunications, healthcare and medical, transportation, logistics, retail, etc.

Market Dynamics

In software-based storage solution, the storage controller software is disassociated from hardware and takes advantage of industry-standard hardware platforms, in order to deliver a complete range of storage services. This allows different solutions for data storage, data access interfaces, services, and can be delivered in various forms including on cloud. According to Intel Corporation’s study 2016, enterprises are shifting towards software-based storage as performance, capital expenses and scaling are the top three factors considered by data center managers. However, there are several approaches that can be used while deploying software-based storage such as Do-It-Yourself solutions, turnkey solutions and converged and hyper-converged solutions. Hence, these factors are expected to support growth of the global storage in the big data market in the near future. Presence of stringent laws enforced by governments of various countries has led to a massive shift of many companies towards digital maintenance of records, especially in healthcare industry. Increasing digital data volumes is leading to companies increasingly adopting various data storage options. For instance, laws such as American Recovery and Reinvestment Act and Health Information Technology for Economic and Clinical Health (HITECH) Act has been promoting adoption of digital storage of records by hospitals and clinics in the U.S. Thus, these factors are expected to boost the market growth over the forecast period.

Market Taxonomy

This report segments the Global Storage in Big Data Market on the basis of Segment, Industry, and Region. On the basis of Segment, Global Storage in Big Data Market is segmented into Hardware, software and Services. Hardware is sub divided into DAS – internal (OEM), DAS – external (OEM), DAS – other (ODM Direct), ESCON/FICON, NAS, SAN, Tape Systems and Media. On the basis of Industry, the Global Storage in Big Data Market is segmented into BFSI , IT and Telecommunications , Transportation, Logistics & Retail, Healthcare and Medical, Media and Entertainment and Others. On the basis of region, Global Storage in Big Data Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

• This report provides an in-depth analysis of the Global Storage in Big Data Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Storage in Big Data Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the Global Storage in Big Data Market includes MemSQL Inc., Google Inc., Hitachi Data Systems Corporation, Microsoft Corporation, Hewlett Packard Enterprise, Amazon Web Services, Inc., Teradata Corporation, VMware, Inc., SAP SE, IBM Corporation, Oracle Corporation, Dell EMC, and SAS Institute Inc.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Storage in Big Data market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Storage in Big Data Market

Detailed Segmentation:

• Global Storage in Big Data Market, By Segment:
  • Hardware
    • DAS – internal (OEM)
    • DAS – external (OEM)
    • DAS – other (ODM Direct)
    • ESCON/FICON
    • NAS
    • SAN
    • Tape Systems and Media
  • Software
  • Services
• Global Storage in Big Data Market, By Industry:
  • BFSI
  • IT and Telecommunications
  • Transportation, Logistics & Retail
  • Healthcare and Medical
  • Media and Entertainment
  • Others
• Global Storage in Big Data Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
• Company Profiles
  • Amazon Web Services, Inc.
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Dell EMC
  • Google Inc.
  • Hewlett Packard Enterprise
  • Hitachi Data Systems Corporation
  • IBM Corporation
  • MemSQL Inc.
  • Microsoft Corporation
  • Oracle Corporations
  • SAP SE
  • SAS Institute Inc.
  • Teradata Corporation
  • VMware, Inc.

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