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TechNavio Says Increased Demand for Cloud Computing Will Boost the Global Enterprise Storage Market by 2019TechNavio has announced the publication of a new market research report on the Global Enterprise Storage Market, which is expected to grow at a CAGR of 15 percent from 2014-2019. About the Report The latest report by TechNavio emphasizes the highly competitive nature of the market, which is expected to increase R&D efforts to develop innovative new storage solutions. Vendors have started introducing efficient, reliable and high-availability storage systems with additional features and functionalities, in order to attract customers. "Because of their high functionality, there has been a trend towards storage options like solid state drives, virtualization-optimized storage, capacity optimization and automated storage tiering in the Global Enterprise Storage Market," says Faisal Ghaus, Vice President of TechNavio. The new report also focuses on efficient backup and disaster recovery solutions as important criteria for enterprise storage. Cloud storage is quickly becoming the preferred option for enterprises that choose to back up and archive their data. "Recovery time objective and recovery point objective are two parameters that ensure high efficiency in storage systems and are closely associated with backup and disaster recovery," says Ghaus. Key Information Covered in the Report:
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