As per Market Research Future (MRFR)’s assessment report, the global Storage in Big Data Industry has been prognosticated to mark a CAGR of 20% during the forecast period 2016 to 2022. The global market has been estimated to scale a valuation of over USD 30 Bn towards the end of the review period. The growth in the digitization drive coupled with rising volumes of digital data in the organizations has boosted the growth of the market. The trend is likely to continue across the projection period.
The technology offers security, backup, etc. to the enterprises. Furthermore, the rapid developments in the IoT, automation, connected devices, blockchain technology, etc. is anticipated to catapult the storage in big data market on an upward trajectory. The small & medium enterprises are also venturing into the market for capitalizing on the advantages of big data analytics. The growing consumer base is expected to boost the growth trajectory of the Storage in Big Data Industry across the assessment period.
Healthcare plays a major role in the growth of the market as it excessively relies on big data for improved services. The developments in healthcare technology leverage big data, which is likely to have a positive influence on the expansion of the storage in big data market over the next couple of years.
The microeconomic factors such as reduced budgets for data storage, security & privacy concern, etc. are anticipated to check the expansion of the Storage in Big Data Industry in the forthcoming years. However, the growth witnessed in the adoption of cloud computing is another important factor poised to drive the proliferation of the market in the foreseeable future.
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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.
The prominent players in the 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 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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