With the increased focus on virtualization and cost of operations; simplicity and convergence; and the cloud, enterprises are moving from traditional enterprise storage system to software-defined storage and cloud storage to provide cost effective real-time storage services. Therefore, it has been observed that traditional Enterprise Storage Systems market has declined over the past few years.
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Most of the enterprises are implementing cloud based storage systems due to low cost and greater agility and it also observed that there are companies which follow the hybrid cloud strategy where traditional and cloud storage are used together. This approach fuel the demand for traditional enterprise storage system and cloud storage system where critical workloads can be managed securely.
Enterprise Storage Systems Market: Dynamics & Drivers
Enterprises are seeking for more efficient storage systems, as increasing focus on digitization creates huge amount of data which fuel the demand for innovative storage solutions. It has been observed that smaller enterprises drive the cloud storage market and large enterprises drive hybrid approach storage.
Due to the rise in the volume of structured and unstructured data and the need to backup and archive the files at reduced costs also propel the market growth for enterprise storage systems.
By offering a better price and reducing infrastructure and management costs and providing the enhanced security features enterprise storage systems market witness with the growth in future.
Enterprise storage systems market is segmented on the basis of type of storage and regions.
One the basis of type of storage the enterprise storage market is segmented to Direct Attached Storage (DAS), Network Attached Storage (NAS) and Storage Area Network (SAN).
On basis of region Enterprise storage systems market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and The Middle East and Africa (MEA).
Presently North America dominates the Enterprise storage systems market as large number of major big corporates headquartered in North America. However, as Asia-Pacific region is expected to be witness highest growth rate.
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Some of the key players in Enterprise storage systems market include Dell EMC, Hewlett Packard Enterprise (HPE), NetApp, Seagate and Hitachi.
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