Home Artificial Intelligence Data Storage Market to Derive Enormous Growth from the Emergence of IoT...

Data Storage Market to Derive Enormous Growth from the Emergence of IoT and Cloud Computing, states Fortune Business Insights™


Pune, India, Sept. 08, 2020 (GLOBE NEWSWIRE) — The growing demand for cloud drives owing to enormous data collection is expected to foster the growth of the market, states Fortune Business Insights in a report, titled “Data Storage Market Size, Share & Industry Analysis, By Storage Medium (Hard Disk Drive, Solid State Drive, Network Attached Storage, Cloud Storage), By Industry (BFSI, IT & Telecom, Government, Healthcare, Retail, Manufacturing, Media & Entertainment, Education, Others) and Regional Forecast, 2020-2027.” The emergence of IoT and Big Data is predicted to foster the healthy growth of the market.

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/data-storage-market-102991

The coronavirus incident has caused disruption and affected various industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

The report data storage market encloses:

  • Wide-ranging research of the industry
  • Enlightening insights about competitors
  • Developing market trends
  • Market drivers
  • Leading regions

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/data-storage-market-102991

Market Driver:

Increasing Digitalization and Advancement to Accelerate Market Potential

The shift from paper-based data to computerized data is expected to fuel demand for storage devices, which, in turn, can boost the market. The increasing adoption of smartphones, laptops, and tablets for enhanced data storage capacity is predicted to foster the growth of the market in the forthcoming years. The growing technological innovation in storage devices is expected to bode well for the market. For instance, storage devices can now store and transfer data from hard disk to virtual data storage platforms like a cloud. The growing focus of companies towards launching advanced platforms is predicted to promote the growth of the market. The rising implementation of Artificial Intelligence (AI) in High-Performance Computing (HPC) data centers is expected to spur demand for high capacity cloud storage infrastructure, which, in turn, will boost the market. The emergence of high storage capacity with multiple cloud model options as per customer needs is expected to foster the growth of the market. Additionally, the growing demand for flexible, and reliable cloud-based storage solutions is likely to aid the expansion of the market. Besides, the advent of big data analytics, the Internet of Things (IoT), and AI are expected to spur demand for robust cloud infrastructure, which, in turn, can accelerate the market.

However, lack of data security in cloud-based storage is expected to restrict the market growth in the forthcoming years.

Request Detailed Table of Content- https://www.fortunebusinessinsights.com/toc/data-storage-market-102991

Regional Analysis:

Rising Adoption of Cloud-based Solutions to Aid Growth in Asia Pacific

Geographically, the data storage market is divided into North America, Europe, Asia Pacific, Middle East, and Africa, and Latin America. Asia Pacific is expected to experience rapid growth owing to the rising digitalization in the developing nations. The growing adoption of smartphones, tablets, and smart devices is expected to spur demand for cloud-based storage platforms, which, in turn, will aid growth in the region. Furthermore, the growing implementation of cloud and mobile solutions in developing countries such as Singapore, Malaysia, and India are expected to further promote the growth of the market in the region. North America is expected to witness a significant growth rate during the forecast period due to the presence of major players in the US. The blooming IoT and big data analytics are expected to favor growth in the region.

Key Development:

February 2020: Egnyte, Inc. patented protection services and separate file sharing in the cloud has turned into a unified content service. The services are offering better analytics with machine learning technology and tiered storage.  

June 2019: Microsoft Corporation announced that it has a signed partnership agreement with Oracle Corporation to run and migrate critical enterprise workloads across Oracle Cloud and Microsoft Azure.

Lists Of Key Companies in the Data Storage Market:

  • Dell, Inc.
  •  IBM Corporation
  •  Microsoft Corporation
  •  Amazon.com, Inc.
  •  Nutanix, Inc.
  •  HP Enterprise
  •  Toshiba Corporation
  •  Samsung Group
  •  Netapp, Inc.
  •  Quantum Corporation

Pre Book- Data Storage Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102991

Have a Look at Related Research Insights:

Artificial Intelligence (AI) Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2020-2027

Robotic Process Automation (RPA) Market Size, Share & Industry Analysis, By Deployment (On-premise, Cloud), By Application (Administration and Reporting, Customer Support, Data Migration & Capture Extraction, Analytics, and Others), By Operation (Rule-based, Knowledge-based), By Industry (Retail, Manufacturing and Logistics Industry, BFSI, Healthcare, IT and Telecom, Hospitality, and Others), and Regional Forecast, 2019-2026

Workforce Management Market Size, Share & Industry Analysis, By Component (Software, and Services), By Deployment (On-Premise, and Cloud), By Enterprise Size (SMEs and Large Enterprises), By Application (Workforce Analytics, Workforce Scheduling, Time and Attendance Management, and Others), By End-Use Industry (IT and Telecommunication, BFSI, Government, Retail, Healthcare, Education, Manufacturing, and Others) and Regional Forecast, 2019-2026

Talent Management Software Market Size, Share & Industry Analysis, By Component (Solution and Services), By Solution (Performance Management, Talent Acquisition, Learning Management, Compensation Management, and Others), By Enterprise Size (SMEs and Large Enterprises), By Deployment (Cloud and On-premise), By Industry (IT and Telecommunication, BFSI, Government, Healthcare, Education, Manufacturing, and Others), and Regional Forecast, 2019-2026

Cloud Computing Market Size, Share & Industry Analysis, By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Industry (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government, Consumer Goods and Retail, Healthcare, Manufacturing, Others (Energy and Utilities, Education), and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs


Please enter your comment!
Please enter your name here