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Data Storage Market Forecast to 2021 - Key Players are VMware, IBM & Microsoft - Research and Markets

[August 25, 2016]

Data Storage Market Forecast to 2021 - Key Players are VMware, IBM & Microsoft - Research and Markets

Research and Markets has announced the addition of the "Data Storage Market - Forecast 2016-2021" report to their offering.

Data Storage is a repository where consumer and business information is stored for a certain time period as per the user requirement. As the consumer data storage devices are portable, they allow users to retrieve data irrespective of the time and location. Enterprise data storage stores data through an interconnected network of enterprise data storage devices. Enterprise data storage has gained a significant foothold in its adoption in the IT & Telecom industry, as a prime solution for disaster recovery.

Continuous reduction in the prices of consumer data storage devices, such as hard disk drives (HDDs) and solid-state drives (SSDs), is bolstering the data storage market. In addition, development of 3D NAND technology resulting in the decline in prices and rise in SSD capacities, serves as a huge opportunity for the consumer data storage industry

In the enterprise domain, businesses/enterprises are switching to data centers and rack servers in order to manage the growth of Big Data. Data Centers offer enterprises a highly improved, cost-effective and scalable platform solution. Additionally, the exponential growth in demand for smartphones and similar IoT devices, coupled with growth of social platforms has led to a significant rise in the demand for extra storage, thereby propelling the global data storage market.

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