Big data storage is a storage infrastructure specially designed to store, manage and retrieve massive volumes of big data. The global Covid-19 Impact on Storage in Big Data Market is anticipated to grow at USD 30 billion by 2022, a CAGR of 20 % during the forecast period of 2016 and 2022.
Digitization, Adoption Of Smart Devices, And Growing Connectivity Is The Prime Driver Of The Market
Growing digitization, adoption of smart devices, increasing connectivity, are the prime drivers of the market. The growing availability of data is reflected by the study conducted by Pew research. The study reveals that in contrast to a median of 45 % across developing countries using the internet in 2013, the number in 2015, rose to a whopping 54 %. In 12 emerging nations surveyed in 2014 and 2015, there was a significant increase in the share of adult internet users accessing internet several times a day, including in Nigeria (+20 points), Ghana (+19) and China (+13).
Growing adoptions of cloud computing and the internet of things (IoT) have boosted the Storage In Big Data Market.
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Advancements In Technology And Storage Devices Are Expected To Generate A Significant Demand
The development of high volume storage technology such as Blu-ray disk with improved network connectivity features is driving down the cost of big data lakes storage. Solid state drives provide better performance, higher readability, robustness, high data speed, stability and reliability, and resiliency, is a further market attraction.
Growth in Investments and Impressive Application Potential and Expanse is the Most Significant Market Opportunity
BIG data storage provides attractive benefits like scalability, high speed, advanced analytics, centralization, and integration of data under one platform, benefiting coherence and pattern identification. An enormous market enthusiasm has been generated by investments by technology giants including Microsoft Corporation, Informatica, Teradata Corporation, Capgemini, EMC Corporation and Oracle Corporation entering the fray.
The prominent players in the Covid-19 Impact on Storage in Big Data Market are - Amazon Web Services (U.S.), Google Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Dell EMC (U.S.), Hitachi Data Systems Corporation (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise (U.S), Teradata Corporation (U.S.), among others.
By region, the global storage in big data market has been segmented into Asia Pacific, Americas, Europe and the Rest of the World (RoW). North America has been prognosticated to dominate the most significant share of the global market over the next couple of years. The growth is highly dependent on the technological advancements, large-scale adoption of connected devices, etc.
Europe is likely to grow substantially in the forthcoming years. The regional storage in big data market is likely to benefit from digital transformations over the next few years. Furthermore, the increasing adoption of connected devices and big data storage in the healthcare sector is poised to contribute to the development of the regional market over the review period.
Asia Pacific signifies tremendous growth opportunities and is anticipated to strike a significant CAGR over the assessment period. The growth of the storage in big data market in the region is primarily attributable to the increasing investments, rapid economic developments, enhanced business performance, etc. The regional market is likely to capitalize on the rising technological implementations in the forthcoming years.
- By component, the global storage in big data market has been segmented into hardware, software, and services.
- By vertical, the storage in big data market has been segmented into BFSI, IT & telecommunication, healthcare, manufacturing, transportation, media & entertainment, and others.
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TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
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