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Data Center Storage Market Study for 2022 to 2028 Providing Information on Growth Drivers, and Industry Analysis

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The Data Center Storage Market Is Expected To Grow At A Significant Growth Rate Over The Forecast Period 2022-2028, Considering Base Year As 2021.

The tools and technologies used in data centers to maintain and keep an eye on the storage resources and infrastructure are referred to as Data Center Storage. Tap drives, hard disc drives, NAS, RAID, and SAN are a few tools and technologies used in data center storage, along with others. All the parts utilized for storage are regarded as being a part of the infrastructure of the data center. One of the key reasons propelling the expansion of the data center storage market is the increase in global investments in hyperscale data centers. The surge in demand for more cutting-edge edge platforms and the rise in demand for SAN, a high-speed network that connects various data storage devices with accompanying servers and other computer devices, are driving the market's expansion. The market is also influenced by an increase in data generation in end-user industries like telecommunication, manufacturing, and energy as well as an increased focus on building new edge computing platforms to aid their clients in improving data management capabilities at the edge of the network.

Data center storage refer to the type of tools and technologies that are utilized within data center to manage and monitor the storage resources and infrastructure. Some of utilities and technologies used in data center storage include tap drives, hard disk drives, NAS, RAID and SAN among others. These are considered part of the data center infrastructure and all the components which are used in storage.

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Key Industry Players in the Data center storage Market:

·         Accenture

·         AWS

·         Fujitsu

·         IBM

·         Infosys

·         HCL Technologies

·         Hewlett Packard Enterprise (HPE)

·         Microsoft

·         Google Cloud

·         Digital Realty and other major key players.

 This data center storage market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on data center storage market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Segmentation Analysis Includes,

By Deployment:

·         SAN System

·         NAS System

·         DAS System

By Application:

·         BFSI

·         IT Telecom

·         Media Entertainment

·         Healthcare

By Region:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

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 KEY TRENDS

·         Worldwide, cloud, IT, and telecom expect to witness the fastest growth in the industry. The adoption of the cloud by businesses, the development of data centers for 5G deployments, and the pay-as-you-go model for cloud storage are some of the driving forces behind this increase.

·         BFSI is another industry that will witness significant growth in storage infrastructure adoption. In 2021, over 1.5 million users onboarded Brubank, a fully digital bank authorized to conduct operations by the Central Bank of Argentina. Similarly, WeBank, with Tencent as a prime investor, caters to around 200 million people.

·         Adopting technology such as big data and IoT by local enterprises through digitalization initiatives has resulted in a significant rise in the procurement of all-flash and hybrid array systems.

·         Increasing innovations in storage media expected to impact the global data center storage market include the adoption of DNA and holographic storage. With companies like Quantum (LTO-9, LTO-8, and LTO-7 tape drives) and Hewlett Packard Enterprise (LTO Ultrim) providing tape storage in the market, the tape storage market is coming back into the storage industry.

Global demand for cloud and colocation services has soared, particularly since the COVID-19 outbreak. North America has the highest data center storage market, followed by other regions such as APAC and Europe. Expansions also dominate the market by global and local cloud service providers. Furthermore, demand gets driven by consumer support for the growing consumption of online content and digitalization initiatives across various industries. Most governments worldwide are keen to develop the digital economy of their country.

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The data center storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to data center storage market.

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