TechNavio today launched its report, Global Storage Resource Management Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: Many companies are facing the challenge of effectively managing their data growth while keeping their costs down. The availability of the cloud-based storage resource management (SRM) model helps companies overcome this challenge. Generally, the cloud comprises various scalable technologies, servers, controllers, and software, which will be combined to form a cloud of storage. With this model, it is easy to acquire data from various sites that are geographically discrete, arrange them into the rational partitions of storage, and replicate these partitions. After the replication, the combined storage can be firmly offered to each group through a global platform that is accessible over the network. Since the pricing of this model is on a subscription basis, many companies, especially small and medium-sized enterprises (SMEs), find that this is a cost-effective model for managing their data storage requirements.”
According to the report, the demand for SRM solutions continues to be driven by the increase in regulatory compliance and the need for greater savings through back-office automation. The fear of legal liability associated with compliance requirements is the major reason forcing organizations to adopt SRM solutions. Most of the content, including office documents, emails, and electronic document transaction records, is unmanaged in most organizations, which increases the demand for efficient storage management systems. SRM generates process documentation that helps organizations validate adherence to standards. This is driving the growth of the Global SRM market.
Further, the report reveals how the increase in operational cost is inhibiting the growth of the Global SRM market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-storage-resource-management-mark…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Enterprise Computing market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report – Global Storage Resource Management Market 2012-2016
