Over the previous few years, the global storage networking market has registered a remarkable rise. The increasing implementation of ERP and CRM solutions has led to growth in the amount of information generated about customers, suppliers, and partners and has contributed significantly towards enterprise data explosion. This factor has triggered the demand for storage networking technologies in the global arena.
Storing a huge amount of data securely has been a major challenge for enterprises. Till now, this issue was addressed by using traditional storage devices such as flash drives, CDs, and DVDs, but sharing of data from these devices is very tricky. On this front, storage networks work effortlessly, as in this system, multiple kinds of storage devices are linked to data servers on a LAN network, which helps in faster sharing of data stored among a wider user base.
Entertainment and Healthcare: Key End Users of Storage Networking Technology
The entertainment market and the medical and healthcare industry are the key end users of storage networking in the global arena. The data explosion in these markets has established them as the key adopters of storage networking systems. The continuous rise in data volume, owing to rapid expansion of broadband Internet services, has fueled the demand for storage networking technologies in the entertainment industry across the globe.
Let's take the example of social networking sites such as Twitter, Facebook, and LinkedIn. These sites need to store a significant amount of user data, and hence require storage networking technologies. These sites account for a large share of the revenue generated from the entertaiment industry in the global storage networking market.
The medical and healthcare industry has also reported a significant surge in demand for storage networking technologies in recent times. The increasing need of documentation of all the neccessary information related to patients has compelled hospitals and medical institutions to take up storage networking technologies. In addition to this, the increasing importance of the maintenance of patient data is likely to fuel the demand for storage networking technologies in the near future.
North America: Leading Regional Storage Networking Market
The worldwide market for storage networking can be segmented into North America, Latin America, Europe, and Asia Pacific. The storage networking market in North America leads the global market with the largest share, whereas the Asia Pacific storage networking market is anticipated to report the fastest growth in the coming years.
The U.S. and Canada are the main markets for storage networking in North America. Spain, France, Italy, Germany, and the U.K. lead the market in Europe. China, Japan, India, and Australia are the key Asia Pacific markets, and Argentina and Brazil dominate the Latin America storage networking market.
Global Storage Networking Market: Key Players
Coraid Inc., Cisco Systems Inc., International Business Machines Corp., Hewlett-Packard co., NETGEAR Inc., Nexsan Technologies Inc., Dell Inc., Cutting Edge Networked Storage, Brocade Communications Systems Inc., LSI Corp., EMC Corp., QLogic Corp., Overland Storage Inc., Emulex Corp., and NetApp Inc. are the key participants of the global market for storage networking.
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