Artificial Intelligence
Global Hardware Storage Market Grow at a CAGR of 12.2% Until 2028 | Top 5 Players Holds 68% Market Share
Westford, USA, Sept. 21, 2022 (GLOBE NEWSWIRE) — As the world becomes increasingly data-heavy, businesses and individuals are turning to hardware storage market to save and organize their information. Hardware storage solutions come in all shapes and sizes, from compact flash cards to huge hard drives, and prices for both options vary considerably.
Hardware storage market has seen a sharp increase in demand, as businesses and individuals increasingly rely on data to run their operations. This increase in demand has led to a number of hardware providers releasing new storage solutions that can meet the needs of users.
Looking at data from a historical perspective can help us understand how storage demand has evolved over time. According to SkyQuest’s latest study, total global storage shipments increased from 54.5 billion GB in 2013 to 152.1 billion GB in 2021, an increase of 179%. This growth is primarily due to the increasing popularity of SSDs and cloud services, both of which require large amounts of storage space.
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The market for hardware storage solutions has grown rapidly in recent years, with vendors offering a range of solutions to meet the needs of both small businesses and large enterprises. Storage solutions available include external hard drives, USB flash drives, and NAS devices.
SkyQuest released a study entitled ” Hardware storage Market,” stating that the data center storage will experience double-digit growth through until 2028. The report found that the demand for traditional spinning disk and tape devices is diminishing, while new IaaS, NAS, and SSD storage services are concentrating on big data and artificial intelligence (AI) workloads. In addition, the report forecasts that 45% of total enterprise data will be stored in the cloud by 2030.
Our study on hardware storage market also suggest that enterprises will need to procure more as well as different kinds of storage devices to handle the growing demand for content, application, and data warehousing services. The devices will need to be able to integrate with existing infrastructures and manage disparate workloads. These characteristics make all-flash arrays (AFAs) a critical enabler for future data center architectures.
SkyQuest’s report provides detailed insights into the hardware storage market, including data on major players, key trends, and future opportunities.
So, What Drives the Demand for Hardware Storage Market?
The main reasons for this growth in demand are rising data usage and the increasing popularity of cloud-based services. Data usage is growing exponentially due to the increase in mobile applications and the growth of video streaming. As more business data is stored online, IT departments are increasingly looking for ways to store this data safely and efficiently. Software providers are also recognizing the need for storage solutions. Because software applications consume large quantities of data, companies are increasingly turning to external storage solutions to store their data. This trend has led to the development of cloud storage providers, such as Amazon Web Services (AWS) and Microsoft Azure, which provide industrial-scale storage capabilities at affordable rates. Hardware providers have responded to this market demand by introducing new storage.
On the other hand, HDD demand in the global hardware storage market is being driven by a number of factors, including the increasing popularity of cloud storage and the continuing increase in storage capacity requirements across many industries. The advent of big data has also helped drive HDD demand. SkyQuest predicts that by 2028, companies will have analyzed 70 times as much data as they did in 2019. This increase in data analytical demands is driving businesses to expand their data storage footprint.
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SSD to Generate 60% of Hardware Storage Market by 2028
SkyQuest’s analysis of hardware storage market demand shows that the market for microchip-based solid-state drives (SSDs) will exceed the market for hard disk drives (HDDs) by 2028. Our study suggests that SSDs will account for 60% of all storage purchases in 2028, while HDDs will account for 40%.
The SSD market is driven by increased demand for mobile devices, which require a higher level of performance and lower power consumption. As mobile devices continue to grow in popularity, the need for faster and lower-power storage will increase. Additionally, data centers are increasingly using virtualization to create multiple environments that need to be managed independently. To support these needs, data centers are installing SSDs to provide faster access to individual files within a virtual environment.
Top 5 Players Holds 68% Market Share
The top five players in the hardware storage market are Seagate Technology Plc, Western Digital Corporation, Toshiba Corporation, Lenovo Group Limited, and Samsung Electronics Co., Ltd.
The hardware storage market is dominated by a few large companies. This makes it challenging for small businesses to compete with these companies. However, there are ways to overcome this obstacle. Small businesses can reach out to larger businesses to partner with them. They can also offer higher-quality products at a lower price point. These strategies will make it difficult for the big companies to dominate the hardware storage market.
Despite this growth, competition in the hardware storage market is fierce. This is due to the rapidly evolving technologies that require greater memory density, access speed, and reliability. As a result, players are racing to develop innovative solutions that can address these needs.
One such company is Western Digital (WD), a global technology leader in storage solutions. Their new line of NAS devices targets business users who require ample storage space for large files and media files. The HGST NAS products come in both small and large form factors, making them perfect for medium to large businesses. In addition to NAS products, WD also offers external hard drive solutions. These drives can be used to store personal files or downloaded software. The company’s drive lineup includes both 2TB and 4TB models, making them the perfect size for storing large files.
The company in the hardware storage market recently announced that it has sold more than 25 million hard drives since Q4 of last year. Hard drive sales are on the upswing, and WDC seems to be leading the charge. One reason for this increase in demand may be due to the increased popularity of portable devices such as mobile phones and laptops. These devices often require more storage than traditional computers do, so people are turning to hard drives as an option.
SkyQuest released a new report on the global hardware storage market. The report provides an overview of the market and key players, and provides an analysis of their strengths and weaknesses. SkyQuest’s report is an essential resource for companies looking to enter or expand their operations in the hardware storage market.
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Top Players in Global Hardware Storage Market
- NetApp, Inc. (US)
- Hewlett Packard Enterprise Company (HPE) (US)
- Hitachi, Ltd. (Japan)
- Seagate Technology Public Limited Company (PLC) (US)
- NETGEAR, Inc. (US)
- Buffalo Americas, Inc. (US)
- Western Digital Corporation (US)
- Synology, Inc. (Taiwan)
- Dell Technologies (US)
- Toshiba Corp (Japan)
Related Reports in SkyQuest’s Library:
Global Quantum Computing Market
Global Network Attached Storage Market
Global Volumetric Video Market
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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1 Apache Way, Westford, Massachusetts 01886
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USA (+1) 617-230-0741
Email: [email protected]
Artificial Intelligence
Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.
“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
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“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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