TechNavio recognizes the following companies as the key players in the Global Storage Market: Dell Inc., EMC Corp., NetApp Inc., Symantec Corp., IBM Corp., and HP Co.
Commenting on the report, an analyst from TechNavio’s Networking team said: ”Storage hardware solutions are becoming very important among enterprises to support their increasing needs of data storage. The storage software vendors are developing solutions that are specific to the hardware being used for the storage of data; software solutions are being developed specific to the architecture of the storage infrastructure. This facilitates better optimization of storage space and better management. Enterprises are witnessing a growing trend of bundled hardware and software solutions being provided by the storage vendors for better infrastructure performance.”
According to the report, the increasing growth of structured and unstructured data is a major growth driver in this market. Structured data has a pre-defined data structure whereas unstructured data has no specific internal data structure. Enterprise applications are generating large volumes of information, and this is expected to continue in the future. The majority of corporate data sources include the data generated from the enterprise applications, along with newly-generated cloud-based data, social network data, and device data.
Further, the report states that one of the main challenges is the increasing availability of open-source storage software. Although the open-source vendors lack technical expertise and have lower storage management capabilities, there is a growing demand for such software from the small enterprises which procure the solution to meet their storage management needs.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are BlueArc Corp., Fujitsu Ltd., Hitachi Ltd., Oracle Corp., Panasas Inc., and SolarWinds Inc.
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-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Networking market research, please visit https://www.technavio.com/networking
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TechNavio Announces the Publication of its Research Report – Global Storage Market 2012-2016
