is a repository where consumer and business information is stored for a certain time period as per the user requirement. As the consumer data storage devices are portable, they allow users to retrieve data irrespective of the time and location. Enterprise data storage stores data through an interconnected network of enterprise data storage devices. Enterprise data storage has gained a significant foothold in its adoption in the IT & Telecom industry, as a prime solution for disaster recovery.
Continuous reduction in the prices of consumer data storage devices, such as hard disk drives (HDDs) and solid-state drives (SSDs), is bolstering the data storage market. In addition, development of 3D NAND technology resulting in the decline in prices and rise in SSD capacities, serves as a huge opportunity for the consumer data storage industry. In the enterprise domain, businesses/enterprises are switching to data centers and rack servers in order to manage the growth of Big Data. Data Centers offer enterprises a highly improved, cost-effective and scalable platform solution. Additionally, the exponential growth in demand for smartphones and similar IoT devices, coupled with growth of social platforms has led to a significant rise in the demand for extra storage, thereby propelling the global data storage market.The Global Data Storage Market is classified into applications as follows:
The Global Data Storage Market is further bifurcated on the basis of industry verticals into:
- Enterprise Data Storage
- Software-Defined Storage (SDS),
- Hard Disk & Flash Storage,
- Hyper-Converged Infrastructure and
- Cloud-based Storage.
- Consumer Data Storage
- Memory Cards,
- Hard Disk Drive (HDD),
- Optical Disk,
- Solid State Devices (SSD) and
- USB Flash Drives.
- IT & Telecom,
- Research & Education,
- Aerospace & Defense and
Furthermore, the Global Data Storage Market is classified on the basis of end-users such as commercial (large ENTERPRISES and SMEs), residential and others. Lastly, the Global Data Storage Market is bifurcated by regions into North America, Asia Pacific (APAC), Europe and Rest of the World (RoW). North America leads the global data storage market currently owing to a significant adoption of data storage devices by both the consumer and enterprise end-users. Also, a number of leading players in this industry are based out of this region.Some of the key players in the Global Data Storage Market include:
- VMware, Inc. (U.S.),
- IBM Corporation (U.S.),
- NetApp Inc. (U.S.),
- Microsoft Corporation (U.S.) and
- Sandisk Corporation (U.S.) among others.