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External Controller-based Disk Storage Market - Drivers and Forecasts by TechnavioTechnavio analysts forecast the global external controller-based (ECB) disk storage market to grow at a CAGR of over 24% during the forecast period, according to their latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170906005153/en/ 
Technavio has published a new report on the global external controller-based (ECB) disk storage market from 2017-2021. (Graphic: Business Wire) The research study covers the present scenario and growth prospects of the global ECB disk storage market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The demand for flash-based storage is increasing among enterprises, and this has indirectly increased the competition among vendors in the market. The storage market consists of many international market leaders that deliver storage-based products to enterprise data center environments in the form of storage arrays. These products have different features and better performance, including increased input/output operations per second (IOPS), depending on the application workload. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Technavio analysts highlight the following three factors that are contributing to the growth of the global ECB disk storage market:
Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Increase in adoption of cloud-based storage Storing data in the cloud is proving to be an effective medium for enterprises worldwide. Commercial data requires large amounts of storage and varies between SMEs and large enterprises. With the growing amount of data generated through IoT, its on-premise storage has proven to be highly cost intensive. Sunil Kumar Singh, a lead embedded systems research analyst at Technavio, says, "Technavio estimates that the global storage-as-a-service market will be valued at around USD 30 billion by 2020. With the growing adoption of cloud-based storage, cloud service providers have been increasingly involved in the construction of cloud data centers worldwide. These data centers are likely to be installed with advanced storage infrastructures such as flash and hybrid arrays." Growing global demand for IoT By 2019, we expect that there will be 30 billion Internet-connected devices worldwide, which will give a major boost to the global ECB disk storage market. The growing adoption of radio-frequency identification (RFID) solutions across sectors such as logistics and retail has led to a significant increase in the use of IoT solutions for the tracking of products and vehicles. "Data analytics and cloud computing play a major role in connected reality. Data centers are being constantly upgraded to meet IoT data processing and storage requirements. Many businesses are involved in the opening up of data centers globally. The growing use of IoT will lead to the setting up of large data centers, micro data centers, and distributed data centers worldwide, which bodes well for the global ECB disk storage market," adds Sunil. Increase in data center construction Many enterprises are moving from operating on-premise infrastructure to cloud, colocation, and hosted solutions. The number of data centers will continue to grow along with the requirement for highly-efficient storage infrastructure. Converged infrastructure and hyper-converged infrastructure are also gaining ground in the global data center constructions market. Data center infrastructure includes storage solutions and servers, as well as networking that links the physical infrastructure with web-based interfaces. Companies are investing in advanced technologies to develop highly scalable, reliable, and efficient solutions. Top vendors: Browse Related Reports:
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected].
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