Global Market Study on Storage in Big Data: North America Projected to Remain the Dominant Market Through 2026


  • Published On : Nov-2016 |
  • Pages : 235 Pages |
  • Format :

Persistence Market Research offers a 10-year forecast for the global storage in big data market between 2016 and 2026. The primary objective of this report is to offer insights on various advancements in the global storage in big data market. The study demonstrates key market dynamics expected to influence the current environment and future status of the global storage in big data market over the forecast period. The report offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global storage in big data market.

The report begins with an overview of the global storage in big data market and discusses market dynamics likely to influence the growth and performance of the market over the forecast period (2016 – 2026). The report is categorically divided into three sections based on market segmentation – by segment, by industry, and by region. The next few sections analyze the global storage in big data market on the basis of segment, industry, and region and provide a comprehensive market outlook for the next 10 years, setting the forecast within the context of the global storage in big data ecosystem, including new technological developments and product offerings. A section of this report discusses various factors shaping internal and external competition in the market. Various barriers to entry of new start-ups in the industry have been analyzed and rated on the basis of their impact on competition levels in the market.

The global storage in big data market is segmented as under:

By Segment

  • Hardware Segment
    • DAS – internal (OEM)
    • DAS – external (OEM)
    • DAS – other (ODM Direct)
    • ESCON/FICON
    • NAS
    • SAN
    • Tape Systems and Media
  • Software Segment
  • Services Segment

By Industry

  • BFSI
  • IT and Telecommunications
  • Transportation, Logistics & Retail
  • Healthcare and Medical
  • Media and Entertainment
  • Others

Key regions assessed

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

The final section includes the global storage in big data market competitive landscape to provide report audiences with a dashboard view of key players operating in this market, along with an analysis of their strengths, weakness, opportunities, and threats; and long-term and short-term business strategies. This report covers various solution providers operating in the global storage in big data market such as Google Inc., Microsoft Corporation, Amazon Web Services Inc., VMware Inc., IBM Corporation, Dell EMC, SAS Institute Inc., Oracle Corporation, SAP SE, Teradata Corporation, Hewlett Packard Enterprise, Hitachi Data Systems Corporation, and MemSQL Inc.

Research methodology

The forecast presented in this report assesses the total revenue generated across the global storage in big data market. In order to offer an accurate forecast, the report begins by sizing up the current market, which forms the basis of how the global storage in big data market is likely to perform in future. The report takes into account extensive secondary research to determine top industry players, products, applications, overall market size, industry connotations, distributors and manufacturers, etc. Region wise and segment wise data has also been acquired through interviews with key stakeholders in the global storage in big data market. Data gathered through primary and secondary research is validated by the triangulation method and further scrutinized using advanced tools to obtain useful qualitative and quantitative insights. Given the ever-fluctuating nature of the global economy, the report not only takes into account forecasts conducted in terms of CAGR, but also analyzes the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand market predictability and to identify the right opportunities across the global storage in big data market.

Another key feature of this report is the analysis of all market segments in terms of absolute dollar opportunity, usually overlooked while forecasting the market. Absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve and also to identify potential resources from a sales and delivery perspective in the global storage in big data market. Further, to understand key market segments in terms of growth, Persistence Market Research has developed the global storage in big data market attractiveness index to help providers identify real market opportunities across the global storage in big data market.

In terms of value, the global storage in big data market is expected to expand at a CAGR of 20.4% over the forecast period (2016 – 2026) and is expected to be valued at US$ 61.44 Bn by 2026 end.

Factors impacting the market

Digitization of records globally is the primary factor driving the global storage in big data market. Due to recent laws enforced by governments of various countries, companies are shifting towards digital maintenance of records, especially in the healthcare sector. Increasing digital data volumes is leading to companies increasingly adopting various data storage options. Further, increasing adoption of software-based storage options and an increase in the number of connected devices is expected to fuel the growth of the global storage in big data market over the forecast period. One of the major restraints for growth of the global storage in big data market to a certain extent are macroeconomic factors such as reduced budgets for data storage and high total cost of ownership of flash storage. Improper data representation is also posing a threat to the global storage in big data market.

Leading market players are integrating predictive analytics with storage systems and are providing storage servers close to end users to reduce latency time.

Segment analysis

The global storage in big data market is segmented on the basis of Segment into Hardware Segment, Software Segment, and Services Segment; and on the basis of Industry into BFSI, IT and Telecommunications, Transportation, Logistics & Retail, Healthcare and Medical, Media and Entertainment, and Others.

The Hardware segment was valued at US$ 4,064.6 Mn in 2015 and is estimated to increase to US$ 4,710.7 Mn by the end of 2016, reflecting a Y-o-Y growth rate of 15.9%. In terms of revenue, the Hardware segment is projected to be the most attractive segment in the global storage in big data market during the forecast period; however, the Services segment is expected to register high Y-o-Y growth rates throughout the forecast period.

The BFSI industry segment is anticipated to reach a market valuation of US$ 16.59 Bn by the end of 2026, registering a CAGR of 23.1% during the forecast period. In terms of revenue, the IT and Telecommunications segment is projected to be the most attractive segment in the global storage in big data market during the forecast period.

storage in big data market

Regional analysis

The global storage in big data market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). In terms of revenue, Latin America is projected to be the most attractive region in the global storage in big data market during the forecast period; however, the Western Europe storage in big data market is expected to register high Y-o-Y growth rates throughout the forecast period. The storage in big data market in North America accounted for a relatively high market share and was valued at US$ 3,129.6 Mn in 2015. North America is expected to remain dominant in terms of revenue throughout the forecast period. The Western Europe storage in big data market is anticipated to grow at the highest CAGR during the forecast period.

Key market players

Some of the key players operating in the global storage in big data market include Google Inc., Microsoft Corporation, Amazon Web Services Inc., VMware Inc., IBM Corporation, Dell EMC, SAS Institute Inc., Oracle Corporation, SAP SE, Teradata Corporation, Hewlett Packard Enterprise, Hitachi Data Systems Corporation, and MemSQL Inc. Some of these companies are adopting strategies such as increasing global investment in cloud services, providing hybrid storage solutions, enhancing flash storage product portfolio, integrating cloud and flash technology with storage products, and collaborating with various technology partners to expand their market presence and enhance customer base globally.

Company Profiles

  • Google Inc.
  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • VMware, Inc.
  • IBM Corporation
  • Dell EMC
  • SAS Institute Inc.
  • Oracle Corporation
  • SAP SE
  • Teradata Corporation
  • Hewlett Packard Enterprise
  • Hitachi Data Systems Corporation
  • MemSQL Inc.
  • Others.
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